FKLI Performance Summary: Jul13 contract

FKLI attempted to stay above 1800 but failed. However a sharp drop of more than 20 points today is enough for system to post another profit month for FKLI Jul13 contract. Here are the numbers...

Position Update 20130731

Price is faster than any derivatives.

FKLI
S1803.0 (29/07), C1774.5 (31/07)

FCPO
L2159 (30/07), C2232 (31/07)

Position Update 20130730

Tons of trading opportunities come your way each day, but if you are not prepared to capitalize on them, they mean nothing to you.

FKLI
S1803.0 (29/07), Open position

FCPO
L2159 (30/07), Open position

Position Update 20130729

Risk no more than you can afford to lose, and also risk enough so that a win is meaningful. If there is no such amount, don't trade.

FKLI
S1803.0 (29/07), Open position

FCPO
Nil

Position Update 20130726

A hard fall means a hard bounce...only if you are made up of the right material.

FKLI
S1810.5 (25/07), C1814.0 (26/07)

FCPO
S2194 (25/07), C2163 (26/07)

Position Update 20130725

If there is money on the table, it belongs to the person who picks it up.

FKLI
L1800.5 (19/07), C1810.5 (25/07)
S1810.5 (25/07), Open position

FCPO
S2234 (24/07), C2212 (25/07)
S2194 (25/07), Open position

Position Update 20130724

My goal in the game of speculation is not to be the first one to jump in when the trend started, but to make money and keep my risk under control.

FKLI
L1800.5 (19/07), Open position

FCPO
S2234, Open position

Position Update 20130723

There is always plenty of bullish and bearish news floating around the markets each day.

FKLI

L1800.5 (19/07), Open position

FCPO

Nil

Position Update 20130722

If you don't have sufficient funds, then you cannot practice adequate position sizing.

FKLI
L1800.5 (19/07), Open position

FCPO
S2265 (19/07), C2260 (22/07)

Position Update 20130719

How much drawdown are you willing to tolerate in order to achieve your desired rate of return?

FKLI
L1793.5 (18/07), C1797.0 (19/07)
L1800.5 (19/07), Open position

FCPO
L2259 (17/07), C2289 (19/07)
S2265 (19/07), Open position

Crude Oil Performance Summary: Aug 2013 Contract (CL-Q13)

Crude Oil futures (CLQ13) staged a convincing breakout above USD100 per barrel earlier July. System managed to take advantage of the bullish sentiment and achieved another profit month for CLQ13 contract.

Position Update 20130718

You cannot design a trading system until you know something about yourself.

FKLI
L1793.5 (18/07), Open position

FCPO
L2259 (17/07), Open position

Position Update 20130717

When market is trending strongly, pullback tends to be shallow or no pullback at all.

FKLI
L1790.0 (16/07), C1785.0 (17/07)

FCPO
S2226 (16/07), C2259 (17/07)
L2259 (17/07), Open position

Position Update 20130716

Nothing is truer than the price itself.

FKLI
S1787.0 (15/07), C1790.0 (16/07)
L1790.0 (16/07), Open position

FCPO
S2226 (16/07), Open position

FCPO Performance Summary: 17 June - 15 Jul

Finally, system managed to return to profit this month. Thanks to the explosive move for the past 2 trading sessions. Out of 13 trades, system won 7 and lost 6.

Position Update 20130715

No two successful traders trade identically.

FKLI
S1787.0 (15/07), Open position

FCPO
S2386 (10/07), C2273 (15/07)

Recent Encounter

Trend traders surrender significant amount of unrealised profits in every market turn.

Position Update 20130712

If you want to know everything about the market, go to the beach. Push and pull your hands with the waves. Some are bigger waves, some are smaller. But, if you try to push the wave out when it's coming in, it will never happen. The market is always right.

FKLI
Nil

FCPO 
S2386 (10/07), Open position

Position Update 20130711

Liquidity disappears the moment you need it most.

FKLI
S1771.0 (10/07), C1784.0 (11/07)
I ignored the long signal due to FKLI knee jerk reaction this morning.

FCPO
S2386 (10/07), Open position

Position Update 20130710

You have to believe and have confidence in the system you trade. Focus on executing the signal flawlessly. The results will take care of themselves.

FKLI
S1771.0 (10/07), Open position

FCPO
L2399 (09/07), C2386 (10/07)
S2386 (10/07), Open position

Position Update 20130709

Momentum is less reliable when volatility is at extreme level.

FKLI
S1778.0 (05/07), C1769.0 (09/07)

FCPO
S2368 (08/07), C2391 (09/07)
L2399 (09/07), Open position

Position Update 20130708

Avoid those things that give you comfort. It is usually false comfort.

FKLI
S1778.0 (05/07), Open position

FCPO
S2368 (08/07), Open position

Position Update 20130705

On the other side of every trade is somebody who is equally convinced that it is going in the opposite direction.

FKLI

L1777.5 (04/07), C1781.5 (05/07)

S1778.0 (05/07), Open position

FCPO

L2365 (05/07), C2354 (05/07)

Position Update 20130704

You need to have life outside trading. Get a hobby just to keep you sane.

FKLI
L1777.5 (04/07), Open position

FCPO
L2366 (03/07), C2372 (04/07)

Position Update 20130703

狗熊所见略同。

FKLI
Nil

FCPO
S2339 (02/07), C2356 (03/07)
L2366 (03/07), Open position

Position Update 20130702

The higher stocks prices rise, the shorter their dresses get.

FKLI
L1773.5 (01/07), C1778.0 (02/07)

FCPO
S2339 (02/07), Open position

Position Update 20130701

We usually learn the most from our biggest struggles and our biggest mistakes.

FKLI
L1773.5 (01/07), Open position

FCPO
L2372 (01/07), C2353 (01/07)