It is a fantastic October for ST01. The numbers speak for itself.
DISCLAIMER: NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED WITHIN THIS SITE, SUPPORT AND TEXTS. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS ARE YOUR OWN. TRACK RECORD SHOWN IS FOR AUTHOR OWN LEARNING PURPOSES. THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. RISK OF LOSS IN TRADING FUTURES CAN BE SUBSTANTIAL.
Oct 31, 2013
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
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
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
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
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
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)
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
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
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
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)
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.
Labels:
Case Study
,
Gold
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.
Labels:
Crude Oil
,
Performance Summary
,
ST01
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
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
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.
Labels:
FCPO
,
Performance Summary
,
ST01
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)
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
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
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
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
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)
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
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)
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
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
FKLI
Nil
FCPO
L2319 (01/10), Open position
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