FKLI Performance Summary: Aug13 contract

FKLI experienced a volatile August with high 1806.0 and low 1653.0. Too bad ST01 only captured a small profits relative to such a big range move. Below are the trade summary.

Position Update 20130830

Let go of you expectations and pre-judgements of the markets, you might find it interesting as you explore it without any self limitations.

FKLI
Nil

FCPO
S2438 (29/08), C2414 (30/08)

Position Update 20130829

Only heroes want to buy at the exact bottom and sell at the exact top.

FKLI
S1701.5 (27/08), C1689.0 (29/08)

FCPO
L2434 (26/08), C2425 (29/08)
S2438 (29/08), Open position

Position Update 20130828

If you fail to detect destructive patterns early, then they become destructive habits that will be much more difficult to break later.

FKLI
S1701.5 (27/08), Open position

FCPO
L2434 (26/08), Open position

Position Update 20130827

Too much analysis leads to hesitation, but not enough analysis leads to impulsiveness.

FKLI
S1701.5 (27/08), Open position

FCPO
L2434 (26/08), Open position

Position Update 20130826

Trend, once established, has greater odds of continuing than of reversing.

FKLI
S1716.0 (22/08), C1717.0 (26/08)

FCPO
L2434 (26/08), Open position

Position Update 20130823

In trading, you pay for the price for confirmation, by entering a bit later than the aggressive traders.

FKLI
S1716.0 (22/08), Open position

FCPO
L2345 (22/08), C2350 (23/08)

Position Update 20130822

Traders are far less likely to panic when initiating a new position than they are exiting an open position.

FKLI
S1716.0 (22/08), Open position

FCPO
L2345 (22/08), Open position

Position Update 20130821

Market participants are mostly irrational in making trading decisions, this leads to irrational market behaviour, and fortunately irrational behaviour creates inefficiency in the market, which we can exploit to our advantage.

FKLI
S1753.5 (20/08), C1742.5 (21/08)

FCPO
S2323 (20/08), C2318 (21/08)

Position Update 20130820

In the trading environment, the outcome of your decision is immediate, and you are powerless to change anything except your mind.

FKLI
S1780.5 (19/08), C1766.0 (20/08)
S1753.5 (20/08), Open position

FCPO
L2332 (16/08), C2338 (20/08)
S2323 (20/08), Open position

Crude Oil Performance Summary: Sep 2013 Contract (CL-U13)

Sep'13 Crude Oil futures was trapped in "narrow ranges" of 102.00 and 109.00. ST01 caught some moves and pocketed some profits. :-)

Position Update 20130819

If you don't acknowledge your true starting point, you cannot take the next most appropriate step in the development of any skill you intend to learn.

FKLI
L1792.0 (16/08), C1785.0 (19/08)
S1780.5 (19/08), Open position

FCPO
L2332 (16/08), Open position

Position Update 20130816

Most people do not hold neutral view of the market, they are constantly looking for what they expect to see.

FKLI
L1792.0 (16/08), Open position

FCPO
L2332 (16/08), Open position

FCPO Performance Summary: 16 Jul - 15 Aug

FCPO staged a reversal in end July and provides many trading opportunities for short term traders. ST01 managed to capture some moves and secured another profit this month.

Position Update 20130815

Can we still make money in the market? I think as long as people still conservative with profits and risky with losses, we can.

FKLI
Nil

FCPO
S2291 (14/08), C2304 (15/08)

Position Update 20130814

I was forced by the markets to acknowledge many things about myself that I otherwise wouldn't consider in the first place.

FKLI
L1786.5 (12/08), C1800.0 (14/08)

FCPO
L2303 (13/08), C2305 (14/08)
S2291 (14/08), Open position

Position Update 20130813

Someone else's errors in judgement are opportunities, and good traders understand how these errors manifest themselves in market price action.

FKLI
L1786.5 (12/08), Open position

FCPO
L2225 (12/08), C2275 (13/08)
L2303 (13/08), Open position

Position Update 20130812

If you don't have the financial power to move prices in your desired direction, then you are going to learn how to flow with and constantly adapt to the market conditions.

FKLI
L1786.5 (12/08), Open position

FCPO
S2236 (05/08), C2222 (12/08)
L2225 (12/08), Open position

Position Update 20130807

Many successful traders said they didn't achieve any measure of consistency in accumulating wealth from trading until they learn self-discipline, emotional control and the ability to change their minds to flow with the markets.

FKLI
L1783.0 (05/08), C1778.0 (07/08)

FCPO
S2236 (05/08), Open position

Position Update 20130806

Confidence and fear are states of mind that are similar in nature, only separated by degree.

FKLI
L1783.0 (05/08), Open position

FCPO
S2236 (05/08), Open position

Position Update 20130805

The less I care about whether next trade would be a loser, the clearer things become, making it easier for me to move in and out of positions, cutting losses short and make myself available to take the next opportunity.

FKLI
L1783.0 (05/08), Open position

FCPO
L2281 (02/08), C2249 (05/08)
S2236 (05/08), Open position

Position Update 20130802

You will come across some really big losses, no matter how good your system is or how well prepared you are.

FKLI
L1773.5 (01/08), C1780.5 (02/08)

FCPO
L2251 (01/08), C2260 (02/08)
L2281 (02/08), Open position

Position Update 20130801

Listen to the markets and do not impose your will upon them.

FKLI
L1773.5 (01/08), Open position

FCPO
L2251 (01/08), Open position