After getting clobbered horribly in July and August trading on CPO Futures, we need to see how the performance is in September in order to wind up the Q3 results.
Quarter by quarter and month by month results will all have to be monitored closely like all types of businesses in order to achieve the trading success using CPO Futures blog's technical trend trading strategy.
As written in July and August's comments, we will keep updating this post as an on going basis until the end of September, readers traders can keep coming back to this post for any latest write up that I have in mind and update it here (readers traders should have knowing the July and August's losses):
July's accumulated loss = ?... Answer: 188 ticks
August's accumulated loss = ?... Answer: 283 ticks
September's accumulated profit or loss = ?... Answer: +138
3rd Quarter (Q3)'s accumulated profit or loss = ? Answer: -188-283+138= -333
Notes:
15/9: As can see in CPO Futures blog, the theoretical buy on the last day of August had been carried forward to September and it is still holding on until today. The stop and reverse sell signal is 2778 today and it is considered quite low. The Ringgit is now 4.1350-4.1400, stronger than yesterday buy soyoil overnight and Dalian all up 2 - 3%
23/9: To protect our account from losing too much in unfavorable situation like in multiple losing trades that statistically very difficult to recover or break-even, the kind of high capital risk ratio need to be set to a maximum amount of risk in the multiple losing trades not just in a single trade. A single trade may lose 50/100+ ticks, but multiple losing trades can be 500+ ticks in , say, 15 continuous losing trades that wipe out all the money that a good trader have but without good risk management. Your hard work in 10 years profits can be wiped out in "one" multiple losing trades. So, think about it.
24/9: Today has another price under theoretical assumption. CPO Future started 2825 but the theoretical sell is 2839. However, we will continue using the theoretical assumption for consistency write-up to avoid unnecessary issues.
30/9: We only have ONE stop and reverse trade in this month. It happened on 24/9. Therefore, we have put in the above answers!!!