Short To Realize Profit

Date of exit : 30 Dec 2013

Title : Short To Realize Profit

I exited the trade at 2648 with a profit of 60 points this morning when the market open. The surge of the price seems not strong and it has been 10 days since I initiated the trade. 

The Profit : RM 1500 (60 points x RM25 x 1contract = RM 1500)

The balance is now RM 26,200 (RM 24,700 + RM 1500 = RM 26,200)

(The details of my account is at My Future Trading Account Records 2013 )

Date of entry : 20 Dec 2013
Title : Long CPO 
I initiated long position for CPO March 2013 Future Contract at 2586 for 1 contract.

Closed Position For The Weekend

Date of exit : 29 Nov 2013
Title : Closed Position For The Weekend
I closed my long position at 2662 with little gain of 3 points. 

The Profit : RM75 (3points x RM25 x 1contract = RM75) 

The balance is now RM 24,700 (RM 24,625 + RM 75 = RM 24,700)

(The details of my account is at My Future Trading Account Records 2013 )

Date of entry : 28 Nov 2013
Title : Initiated Long Position
I initiated long position at 2657 for 1 contract. The uptrend could continue. 

Exited Trade For 40 Points Profit

Date of exit : 22 Nov 2013

Title : Exited Trade For 40 Points Profit

I shorted CPO to lock my profit at 2648 for 40 points gain. It 'should have been' more :)

The market behaved volatile couple with weekend ahead. Confirming the trade seemed to be a good bate. 

The Profit : RM1000 (40points x RM25 x 1contract = RM1000) 

The balance is now RM 24,625 (RM 23,625 + RM 1000 = RM 24,625)

(The details of my account is at My Future Trading Account Records 2013 )

Date of entry : 21 Nov 2013
Title : Long CPO At The Open
I initiated long position of CPO Feb 2014 for 1 contract at the open at 2606. ( I placed buy order at 2610 before the market open and I was filled at 2606 ).

Exited Trade For 10 Points Profit Only

Date of exit : 20 Nov 2013
Title : Exited Trade For 10 Points Profit Only
I longed to close my trade at 2558 for little profit of 10 points only. 

The Profit : RM250 (10points x RM25 1contract = RM250) 

The balance is now RM 23,625 (RM 23,375 + RM 250 = RM 23,625)

(The details of my account is at My Future Trading Account Records 2013 )

Date of entry : 19 Nov 2013
Title : Shorted CPO Feb 2014 Contract
I initiated a short position of Feb 2014 Future Contract at 2570 for 1 contract. The downside might not be strong. Let see.

Exited Trade To Confirm Profit

Date of exit : 15 Nov 2013
Title : Exited Trade To Confirm Profit
I shorted the position to confirm profit at 2613 with 60 points profit (2 points for commission) 3 minutes before market closed. It is the last day of the active month for CPO Jan 2014 and also tomorrow is a weekend. 

The Profit : RM1500 (60points x RM25 x 1contract = RM1500) 

The balance is now RM 23,375 (RM 21,875 + RM 1500 = RM 23,375)

(The details of my account is at My Future Trading Account Records 2013 )

Date of entry : 12 Nov 2013
Title : Reversed Position To Long CPO
I reversed my position again to long CPO Jan 2014 Future Contract at 2551 for 1 contract.

Stop Loss Hit

Date of exit : 12 Nov 2014
Title : Stop Loss Hit
My position was stopped out at 2551 with a loss of 27 points (2 points added for commission). 

The Loss : RM675 (27points x RM25 x 1contract = RM675) 

The balance is now RM 21,875 (RM 22,550 - RM 675 = RM 21,875)

(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 11 Nov 2013
Title : Also Reversed To Short CPO
I placed reversed short order earlier and I was also filled at 2526. I am not sure the next direction of the price. I am just following my trading method and it is hard to accept at times.

What! I Am Stopped Out

Date of exit : Same Day
Title : What! I Am Stopped Out
I could not believe my eye. My long position was stopped out at 2526 with a loss of 24 points (1 point for commission) towards the last 5 minutes of the trade. Placing Stop Loss is a MUST in trading despite  wild swing could occur. What to do! 

The Los : RM600 (24points x RM25 x 1contract = RM600) 

The balance is now RM 22,550 (RM 23,150 - RM 600 = RM 22,550)

(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 11 Nov 2013
Title : Long CPO 
I initiated long position for CPO Jan 2014 Future Contract at 2549 for 1 contract; potential rebound.

Locked Small Profit

Date of exit : 7 Oct 2013

Title : Locked Small Profit

I longed to close my position with little profit of 17 points with 2 points for commission. I know it is a small but I guess it is a good start. CPO price seems resilient.

Profit : RM425 (17 points x  RM25 x 1contract = RM425)

The balance is now RM 23,150 (RM 22,725 + RM 425 = RM 23,150)

(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 6 Oct 203

Title : Short CPO

I shorted CPO Jan 2014 Future Contract at 2561 for one contract. It seemed like long time ago since my last trade. I am trying to get back on my feet after experiencing one of my worse day. Wish Me Luck! :) 

Potential Correction - CPO

CPO has been up remarkably to the high of 2485. However there are two reasons that CPO might correct in the next few sessions;
1. The price reached the high of 2485 which was also registered in 28 Aug 2013.
2. MACD of hourly chart has been flat despite the surging of the price.

Soy Bean Oil Hourly Chart Might Be Weak

Soy Bean Oil Futures has been moving up slowly. Despite the daily chart looking strong, the hourly chart seems weak based on the divergent between the price and MACD. The weakness of Bean Oil Futures could give us an opportunity to short CPO.

Gold Futures 101

Simple Facts we should know about Futures Gold Trading :

Code Name: FGLD 

Trading Time : 

Morning Session 9:00 to 12:30

Afternoon Session 14:30 to 19:00

Deposit For Each Contract : RM 1,000 

( We should place more than RM 1,000 as we have to top up if our position go under. I would use RM 2,000 or RM 3,000 for each contract to buffer the volatility ) 

Contract Size For Each Contract : 100g 

Contract Value : RM 13,500 as at 18 Oct 2013 

( RM 135 x 100g = RM 13,500) 

Movement Per Tick : RM 0.05 

( RM135.00, RM135.05 , RM135.10 , RM 135.15 , RM135.20 and so on ) 

The Value Per Tick : RM 5 

( RM 0.05 x 100g = RM 5 ) 

Commission (Online) : RM 13 per trade ; buy or sell 

( Meaning that to complete a buy and sell trade, we will be charged RM 26 and so we need 6 ticks to break even for every trade ; 6 ticks x RM 5 = RM 30. For example, long at RM 135, we would need RM 135.30 to be break even and any price beyond RM 135.30 will then be our profit and vise-versa ) 

Active Month : 3rd Month 

( For our current Oct 2013, we are trading Dec 2013 Futures Gold Conract ) 

Contract Expiry : End of month 

Settle Price : Based on London Gold Fix the morning price ( AM Price ) 

CPO Daily Potential Correction

CPO has been performing well since the beginning of Oct 2013. However, with the 'hangman' candle stick pattern emerged, there is a high probability for the price to correct or at least a sideways ahead.

Intraday trading has been tough lately. Just look what has happened today, it opened with a beautiful gap up of 2422 then the price plunged all the way to the low of 2369 then closed at 2400. I did not take the long trade due to this reason :) 

' When I See It, I Take It ' should be the trading way for now. No more 'let the profit run' way of trading. 

CPO Weekly Might Be Strong

It is important to see the big picture once in a while. CPO weekly has been descending (the high is getting lower), however, looking at Weekly MACD, it shows otherwise. There is a divergent between the price and MACD indicating that CPO might be Bullish. 

Realize Loss At 2288

Date of exit : 3 Oct 2013

Title : Realize Loss At 2288 

I exited the trade to realize the loss at 2288 with a loss again of 29 points. I am not sure what the direction will be. Just call it a day and see how. 

The Loss : RM 725 (29points x RM25 x 1contract = RM725)  

The balance is now RM 22,725 (RM 23,450 - RM 725 = RM 22,725)

(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 30 Sept 2013

Title : Long One Contract

I initiated long CPO Dec 2013 Future Contract at 2315 for 1 contract. Usual break up. 

Took Lost The Final Contract

Date of exit 2: 26 Sept 2013
Title : Took Lost The Final Contract
I finally realized the lost at 2273 with a loss of 51 points. The Loss RM1,275. 

Date of exit 1 : 25 Sept 2013
Title : Closed One Contract
I closed 1 contract with a loss of 24 points. CPO price is heading for unknown now. The Loss RM600. 

The Loss : RM1,875 (RM1275 + RM600 = RM1,875) 

The balance is now RM 23,450 (RM 25,325 - RM 1875 = RM 23,450)

(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 24 Sept 2013
Title : Long CPO At Open
I longed CPO Dec 2013 Future Contract at 2322 at the open for 2 contracts. I actually lost confident during the last few losing trades.

Exited Trade At 2300

Date of exit : 19 Sept 2013

Title : Exited Trade At 2300

I exited the trade at 2300 to call it a day. World commodities are up but CPO is down due to Ringgit Malaysia. What to do. Realize it and see how. 

The Loss : RM2650 (53points x RM25 x 2contracts = RM2650) 

The balance is now RM 25,325 (RM 27,975 - RM 2650 = RM 25,325)

(The details of my account is at My Future Trading Account Records 2012 )

Comment : I have been experiencing string of losses , big time. This makes me realized that what ever system I am using. It will "fade away" over time. An adjustment is critically needed in order to 'survive' 

Date of entry : 17 Sept 2013

Title : I Am In - Long CPO

I longed CPO Dec 2013 Future Contract at 2351 (Wow! high of the day) for two contracts at 2351

Final Exit At 2314

Total Loss : RM600 + RM1100 = RM1700
The balance is now RM 27,975 (RM 29,675 - RM 1700 = RM 27,975)

(The details of my account is at My Future Trading Account Records 2012 )

Date of exit 2: Same Date
Title : Final Exit At 2314
I exited the final contract to cut my loss at 2314. 
The Loss : RM1100 (44 points x RM25 x 1 contract = RM1100) 

Date of exit 1: Same Date
Title : Closed One Contract With Loss 
I closed one contract at 2334 with a loss of 24 points. I realized that today is the last day for Nov 2013 as active month and also coming Monday is a public holiday. 
The Loss : RM600 (24 points x RM25 x 1 contract = RM600) 

Date of entry : 13 Sept 2013
Title : Longed CPO Nov 2013 Contract
I initiated long position for Nov 2013 CPO Future Contract for 2 contracts at 2357. I just try to catch the short rebound if there is any.

CUT BIG LOSS

Date of exit : 10 Sept 2013

Title : CUT BIG LOSS 

I finally cut my loss at 2362 with a HUGE LOSS of 61 points. This is one of the worse loss I ever attend :( It is really hard breaking to see my profit ruin and then turned into BIG LOSS. My supposed move would be exit at the open at 2380. 

The Loss : RM3050 (61points x RM25 x 2contracts = RM3050) 

The balance is now RM 29,675 (RM 32,725 - RM 3050 = RM 29,675)

(The details of my account is at My Future Trading Account Records 2012 )

Lesson : Once I see profit, I should place at least an breakeven point for any trades. Never turn profit into BIG LOSSES. 

Date of entry : 6 Sept 2013
Title : Longed CPO Nov 2013
I initiated long position for CPO Nov 2013 with 2 contracts. It looks like the price has 'rested' enough for the next upside move. Let's see.

Exited Trade

Date of exit : 4 Sept 2013

Title : Exited Trade

I longed to exit the trade with a little loss at 2407 (-6 points). The price seemed resilient. Exiting could be a better call. 

The Loss : RM 150 (6points x RM25 x 1contract = RM150) 
The balance is now RM 32,725 (RM 32,875 - RM 150 = RM 32,725)

(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 30 Aug 2013

Title : Late Report - Shorted One CPO Earlier 

I shorted CPO Nov 2013 Future Contract at 2403 earlier for one contract (half of my usual position). This might not be the strong down market, I only shorted one contract for now. 

Ringgit Might Rebound

Ringgit Malaysia (RM) has been down for weeks. Based on the Divergent between RM & MACD, there is high chance that Ringgit Malaysia would rebound. 

A rebound in RM would put pressure to CPO. 

Final Exit To Lock Profit

The Total Proit : RM 1550 (RM300 + RM1250 = RM1550) 
The balance is now RM 32,875 (RM 31,325 + RM 1550 = RM 32,875)

(The details of my account is at My Future Trading Account Records 2012 )

Date of exit 2 : 16 Aug 2013

Title : Final Exit To Lock Profit 

I locked the profit for the final contract at 2339 with a gain of 50 points. I guess it is good enough. 

The Profit : RM1250 (50points x RM25 x 1contract = RM1250) 

Date of exit 1 : 15 Aug 2013

Title : Close Half Of My Position

I closed 1 contract at 2301 with a little gain of 12 points (2 points deducted for commission). Well, I have no strong reason to exit, the only reason could be the changing month on 15th. 

The Profit : RM300 (12points x RM25 x 1contract = RM300) 

Date of entry : 13 Aug 2013
Title : Long CPO At Higher Price
I longed CPO Oct 2013 Future Contract at 2287 for 2 contracts. Wow! Quite a high price.

Weekly CPO Is Strong

The Daily Chart of CPO broke the low (support) of 2217 registered on 13 Dec 2012. This would make it bearish market ahead if we based on support-resistant technique. HOWEVER, further examine the Weekly Chart, we would realize that CPO could be strong. The MACD of Weekly Chart has been moving upwards creating a divergent between the price and MACD. It means that we have to be very careful on the short side. 

 

Closed Position At 2235 With Little Loss

Date of exit : The Same Day
Title : Closed Position At 2235 With Little Loss 
I closed my position at 2235 with a loss of 2 points considering Raya is around the corner with two and a half non trading days. The Risk could be high. Close the position and call it a day seems to be a better bet. 
Knowing when to stop is important in trading. 

The Loss : RM 50 (2points x RM25 x 1contract = RM 50) 
The balance is now RM 31,375 (RM 31,375 - RM 50 = RM 31,325)

(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 6 Aug 2013

Title : Reversed To Short One Contract 

I reversed to short 1 contract at 2234 Oct 2013 Future Contract. I have to bear in mind that we are heading towards long holiday. 

Stop Loss Reached

The Total Profit : RM150 (RM250 - RM100 = RM150) 
The balance is now RM 31,375 (RM 31,225 + RM 150 = RM 31,375)

(The details of my account is at My Future Trading Account Records 2012 )

Date of exit 2: 6 Aug 2013
Title : Stop Loss Reached 
My position was stopped out at 2234 with a loss of 4 points. 
The loss is RM100 (4points x RM25 x 1contract = RM100) 

Date of exit 1: 5 Aug 2013
Title : Closed Half Of My Position Finally 
I exited half of my position ; 1 contract at 2248 with a little gain 10 points. I have a problem to pull the trigger lately. I "should have" sold half of my position last week on Friday someway 2278. For some reasons, I did not till just now. I "supposed" to close at 2258. In fact, I keyed in the price at 2258 to exit half of my position. Then I cancelled when the price rebound toward there. 
Trading could be mental tortured. 
The Profit : RM250 (10points x RM25 x 1contract = RM250) 

Date of entry : 31 July 2013

Title : Long CPO Finally

I longed FCPO Oct 2013 Future Contract at 2236 for 2 contracts. This is the high price I honestly do not feel comfortable. Well, trading is never comfortable. 

2nd Exit At 2211 Almost The High

Date of exit : 30 July 2013
Title : 2nd Exit At 2211 Almost The High
I exited the 2nd contract at 2211 with profit of 30 points. This is a tough one as I supposed to exit at 2141 with 100 points gain but I missed it. Then one thing lead to another, I missed the board all the way till reaching my first exit price of 2211. I have to protect my profit at least same as the previous one. NOW, the price is heading down again. I hate this kind of situation but this is the fact, the fact of trading. 
My average entry price is 2241.5 [(2243+2240)/2] 
The Profit : RM1425 (28.5points x RM25 x 2contracts = RM1425) 
The balance is now RM 31,225 (RM 29,800 + RM 1425 = RM 31,225)

(The details of my account is at My Future Trading Account Records 2012 )

Date of exit 1 : 25 July 2013
Title : Took Profit One Contract
I closed one contract at 2211. 

Date of entry : 24 July 2013
Title : Reversed To Short One Contract
I reversed to short one contract at 2243 too. My usual size supposed to be two contracts but I initiated one for a start and see how. CPO actually bounded back at the time of writing. We as trader can never get the 'right' price.

Later I further bought one extra contract at 2240.

Long Position Cut Loss

Date of exit : 24 July 2013

Title : Long Position Cut Loss

I cut my loss at 2243 with a loss of 40 points. My average buying price is 2281 [( 2278 + 2284 ) / 2]

The Loss : RM2000 (40poins x RM25 x 2contracts = RM2000) 

The balance is now RM 29,800 (RM 31,800 - RM 2000 = RM 29,800)

(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 18 July 2013
Title : Long CPO At 2278 
I initiated long position for CPO Oct 2013 Future Contract for 1 contract (half of my position) at 2278. MACD is recovering well.

I longed second contract at 2284 with a total of 2 contracts.

CPO Daily Potential Rebound

There are two reasons CPO based on daily chart could rebound :

1. The price plunged near the recent low of 2230 

2. Hammer Candle Stick Pattern on today's chart would mean a potential rebound. 

Took Profit The Last Contract

Date of exit 2 : 15 July 2013
Title : Took Profit The Last Contrect
I took profit the last contract at 2364 with 100 points gain. The price rebounded strongly after it touched the low of 2234. Since my 100 points target reach couple with changing of contract month to Oct 2013 tomorrow, I set my exit price at 2264 and my position was filled. It has been a looong time since I got 100 points profit. I will enjoy mentally while it last : )
The Profit : RM 2500 (100points x RM25 x 1contract = RM 2500) 

The Total Profit : RM 2825 + RM 2500 = RM 5325 
The balance is now RM 31,800 (RM 26,475 + RM 5325 = RM 31,800)

(The details of my account is at My Future Trading Account Records 2012 )

Date of exit 1 : 15 July 2013
Title : Took Half Of Position
I longed to close at 2251 for 1 contract remaining 1 with a profit of 113 (2 points deducted for commission). 
The Profit : RM 2825 (113points x RM25 x 1contract = RM 2825) 

Date of entry :  11 July 2013
Title : Shorted CPO Sept 2013 Contract
I reversed to short CPO Sept 2013 Future Contract at 2366 for 2 contracts. MACD is heading downwards indicating a potential price going down.

Final Exit CPO Long Position

Date of exit 2 : 11 Juky 2013

Title : Final Exit CPO Long Position

My position was finally stopped out at 2366 with a loss of 1 points (Loss of RM25). 

The Profit : RM75 - RM25 = RM50 

The balance is now RM 26,475 (RM 26,425 + RM 50 = RM 26,475)

(The details of my account is at My Future Trading Account Records 2012 )

Date of exit : 8 July 2013

Title : Closed 1 Contract At 2370 

I closed one contract at 2370 with a little profit of 3 points (2 points deducted for commission). It seemed that the swing is not strong enough to push the price higher further more Ramadan is around the corner. Closed one and remained the other one. 

The Profit : RM 75 (3points x RM25 x 1 contract = RM 75) 

Date of entry : 3 July 2013

Title : Long CPO Finally

The market has been in sideways for three days and it started breaking up finally. I longed CPO Sept 2013 Future Contract at 2365 for 2 contracts 

. 

CPO Daily Potential Rebound

There is high chance for CPO (Daily) to rebound given that 1. The price hit 38.2% Fibonacci level 2. The price touched 60 days moving average low. 

Week to week, the CPO price stays well between the range.