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 

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