- See more at: http://blogtimenow.com/blogging/automatically-redirect-blogger-blog-another-blog-website/#sthash.4OBM2jok.dpuf System Trading Now: October 2013

Oct 31, 2013

FKLI Performance Summary: Oct13 contract

It is a fantastic October for ST01. The numbers speak  for itself.


Position Update 20131031

If you think education is expensive, try ignorance.

FKLI
S1817.5 (30/10), C1806.5 (31/10)

FCPO
L2550 (30/10), Open position

Oct 30, 2013

Position Update 20131030

It is ok to lose some battles as long as you can win the war.

FKLI
S1817.5 (30/10), Open position

FCPO
L2486 (29/10), C2525 (30/10)
L2550 (30/10), Open position

Oct 29, 2013

Position Update 20131029

It's not that profitable traders never lose: it's that they always bounce back from losing trades.

FKLI
Nil

FCPO
L2441 (28/10), C2457 (29/10)
L2486 (29/10), Open position

Oct 28, 2013

Position Update 20131028

Being reactive to actual price action instead of predictive of what price action will be more realistic.

FKLI
S1822.5 (25/10), C1818.0 (28/10)

FCPO
L2441 (28/10), Open position

Oct 25, 2013

Position Update 20131025

Letting price action give you trading signals is trading reality. Trading your beliefs about what price should be is wishful thinking.

FKLI
L1825.0 (24/10), C1825.0 (25/10)
S1822.5 (25/10), Open position

FCPO
Nil

Oct 24, 2013

Position Update 20131024

Avoiding the risk of ruin by risking only a small portion of your capital on each trade. It is a skill to not get arrogant and trade too big; if you risk it all enough time, you will lose it all eventually.

FKLI
L1805.0 (21/10), C1818.0 (24/10)
L1825.0 (24/10), Open position

FCPO
L2448 (22/10), C2467 (24/10)

Oct 23, 2013

Position Update 20131023

Letting a winning trade run as far as it can go in your time frame is crucial to having big enough winners to pay for all your small losing trades.

FKLI
L1805.0 (21/10), Open position

FCPO
L2448 (22/10), Open position

Oct 22, 2013

Position Update 20131022

Great traders cut losing trades short. The ability to accept that you are wrong when a price goes to a place that you were not expecting is the skill to push the ego aside and admit you are wrong.

FKLI
L1805.0 (21/10), Open position

FCPO
S2427 (21/10), C2446 (22/10)
L2448 (22/10), Open position

Oct 21, 2013

Position Update 20131021

Traders must have the perseverance to stick to trading until they break through to success. Many of the best traders are just the ones that had the strength to go through the pain, learn, and keep at it until they learned to be a success.

FKLI
S1803.0 (17/10), C1800.0 (21/10)
L1805.0 (21/10), Open position

FCPO
S2427 (21/10), Open position

Oct 18, 2013

Position Update 20131018

In trading, patient and discipline pay.

FKLI
S1803.0 (17/10), Open position

FCPO
S2403 (17/10), C2400 (18/10)

Gold Futures Surged 3% in 10 Minutes.

COMEX Gold Dec13 futures surged 20++ USD in the span of 10 minutes yesterday (3:49 to 3:59 pm Malaysia Time). Anybody caught the move? Read this report from Reuters.


Crude Oil Performance Summary: Nov 2013 Contract (CL-X13)



ST01 continued to generate many trading signals even after Crude Oil stuck in range, especially in Oct. However if I used my discretionary to intervene ST01 after some sideways movements, probably I would be flat or underwater when I report CLX13 results today.

Oct 17, 2013

Position Update 20131017

The price just keeps updating information and expectations of the future, which makes it the ideal way to interpret the strength of the buyers and sellers.


FKLI
L1789.5 (14/10), C1803.0 (17/10)
S1803.0 (17/10), Open position

FCPO
L2391 (16/10), C2422 (17/10)
S2403 (17/10), Open position

Oct 16, 2013

Position Update 20131016

Even if you trade in the right direction, you still could get stopped out.

FKLI
L1789.5 (14/10), Open position

FCPO
L2391 (16/10), Open position

Oct 15, 2013

FCPO Performance Summary: 17 Sep - 14 Oct


ST01 generated only 9 trading signals for the past month and yields 60 points profits. One friend told me FCPO is getting harder to trade and he decided to switch to foreign markets for "better" opportunities. I wish him all the best. For the time being I "hope" FCPO can stage a convincing breakout, probably above 2500 to lure more trading interest among local and foreign speculators.

Oct 14, 2013

Position Update 20131014

Charts do not predict the future.

FKLI
S1789.5 (11/10), C1784.5 (14/10)
L1789.5 (14/10), Open position

FCPO
S2377 (11/10), C2376 (14/10)
S2364 (14/10), C2361 (14/10)

Oct 11, 2013

Position Update 20131011

Dream is not that you see in the sleep; dream is that does not allow you to sleep.

FKLI
L1779 (10/10), C1796.5 (11/10)
S1789.5 (11/10), Open position

FCPO
L2381 (10/10), C2395 (11/10)
S2377 (11/10), Open position

Oct 10, 2013

Position Update 20131010

When one door of opportunity closes, another opens, but often we look so long at the closed door that we do not see the one that has been opened for us.


FKLI
L1779.0 (10/10), Open position

FCPO
L2342 (08/10), C2370 (10/10)
L2381 (10/10), Open position

Oct 9, 2013

Position Update 20131009

Happy traders plan their trades but not their results.

FKLI
L1780.0 (08/10), C1773.5 (09/10)

FCPO
L2342 (08/10),  Open position

Oct 8, 2013

Position Update 20131008

Each day in the market, I make a journey through a twisting bumpy rising falling road, and arrive safe and sound. This is life of a trader.

FKLI
L1780.0 (08/10), Open position

FCPO
L2342 (08/10), Open position

Oct 7, 2013

Position Update 20131007

Even the best fishermen will come home empty handed if they dip their lines into unstocked ponds.

FKLI
L1776.0 (03/10), C1782.0 (07/10)

FCPO
S2306 (04/10), C2320 (07/10)

Oct 4, 2013

Position Update 20131004

The market doesn't make you right, you make yourself right.

FKLI
L1776.0 (03/10), Open position

FCPO
S2306 (04/10), Open psoition

Oct 3, 2013

Position Update 20131003

Trend is more likely to continue than reverse because people don't change their beliefs easily.

FKLI
L1776.0 (03/10), Open position

FCPO
L2319 (01/10), C2293 (03/10)

Oct 2, 2013

Position Update 20131002

The more accepting you are of your mistakes, the easier it will be to make the next attempt.

FKLI
Nil

FCPO
L2319 (01/10), Open position

Oct 1, 2013

Position Update 20131001

You gotta accept losses when market proved you were wrong because market is always right.

FKLI
Nil

FCPO
L2319 (01/10), Open position