CPO Futures Trades In Year 2020 - Horror July August

 We finally able to see the horror of July and August after enjoying the first 6 months of year 2020. 

The 2nd half of this year started with Multiple Losing Trades or MLTs that I always like to quote it. It is the continuous losing trades that can easily kill good traders who "over-trade" suddenly confidently. 

Imagine you face 10 to 20 MLTs in a row, losing 400+ ticks per contract size basis and you are being wiped out due to over-trading. No more money to trade and trends come as what you are expecting.

Greed and Fear - finally kill you. How!? Go to CPO Futures blog to see what is the damage for July August. Scary right!

(More will be updated here in this post by end of this month - stay tune on this post and come back again.)

This were the profit and loss trades for August : +6-75-66-69-59-20 = -283

Let's wait and see what will be the accumulated profit and loss for August this Friday.

Final: 

• The theoretical accumulated loss for August is 283 ticks per contract size basis.
• The actual accumulated loss for August can be more than 300 ticks per contract size basis since there is one trade that unable to be filled at the theoretical SAR at 2701 on 28/8 opening.
• Even though there is a possibility of actual lower accumulated loss due to change of contract month on the 16/8 but profit here is not important since focus is the losses that how far the multiple losing trades that can wipe out good technical trend traders when the traders start over-trading.

Therefore, control the greed and fear!

The issue of theoretical prices in SARs can be replaced with opening prices in order to make sure that there is an actual trade. Then, the profit and loss will be calculated according to the opening prices.

Be a disciplined technical trend trader.