Date of entry: 22 June 2011
Long FCPO Sept 2011 Contract
I longed FCPO Sept 2011 Future Contract at 3237 for 1 contract.
The Concern: The price is still below moving average
Date of exit: Same Day
Stop Loss Hit At 3207
My position was stopped out at 3207 with the loss of 31 points. The shooting star with a long tail touching the moving average and staying below it could mean a very weak market ahead.
I don't have to tell you the feeling part of this trade, it really sucks.
The Loss: RM775 (31points x RM25 x 1contract = RM775)
The balance of my account is RM21,975 after the loss of RM775.
(The details of my account is at My Future Trading Account Records 2011 )
AbelAbel,me(wilson) again,i also want to long,still waiting the good price3198-3200(bcos so many bad new at outside http://www.foods1.com/content/1154871/)so i b stop loss at 3188-93.
ReplyDeleteAbelAbel,me(wilson),i paking at long sept 3197x2,d u still hold it?
ReplyDeleteAbelAbel,me(wilson)done long sept 3197x2
ReplyDeleteHi Wilson,
ReplyDeleteI placed my stop loss earlier and was hit. I shorted as the price is still below moving averages. The feeling sucks with this kind of situation.
Regards,
Abel
AbelAbel,me(wilson),loss again .
ReplyDelete