Covid-19 pandemic, Financial Crisis, Political tensions... What a year will be ended for the year 2020! Put all things aside, we will still be focusing on CPO Futures trading for the last quarter of this year 2020. Here is the month by month accumulated profit and loss and all will be recorded here:
- January +820 (huge profit due to open position carried forward from last year.)
- February +108
- March -135
- April -89
- May +217
- June +289
- July -188
- August -283
- September +138
- October ?? Answer: -82
- November ?? Answer: +105
- December ?? Answer: -219 !
31/12/2020 note: Accumulated Gross Profit in theory = 681 points per contract basis
What will be the performance for the October, November and December? We will update them every end of the months and sum up the whole year performance too. Readers traders can just keep coming back to this post to check and read what notes that we will add in here.
As we can see the above monthly accumulated profit and loss in the CPO Futures blog too, we know that there were good profits and bad trades also.
Eye on the losing trades is basically the most important job that we traders must be careful to avoid overtrading. For example, you might have doing very well in the first quarter of the year and double up your trading sizes, this will eventually kill you especially in August and September where the total multiple losing trades could wipe out all your capital due to overtrading!
Therefore, Don't OVER-TRADE, it kills good trader.
Wishing all the best to all readers traders who have kept coming back to follow up my blogs. We all face new NORM. Take care of yourselves and your loved ones.
Notes:
1st Q: +820+108-135 = +793
2nd Q: -89+217+289 = +417
3rd Q: -188-283+138 = -333
4th Q: ??? -82+105-219 = -196
Accumulated Gross Profit in theory = 681 points per contract basis.
20/11: Year 2020 almost come to an end! It is time to stop updating my market views about the entry and exit points, or Stop and Reverse Point, after doing the summary write-up the performance of year 2020. I wish all my readers traders in my CPO Futures blog, 101indicators blog and CPYEOH blog do learn something about technical trend indicators trading and succeed in their trading too.
24/11: RBD Palm Olein Futures in Dalian Commodity Exchange (DCE) will be open to overseas traders from 22/11/2020 based on the Exchange's news. Global palm oil production >70 million tons in 2019 (1/3 of global vege oil output). It has 5.77x trading volume of BMD!!!
2/12: 20 more trading days to see the final result and judge the performance of year 2020! Figures looks good but will probably under perform if exclude the huge carried forward position from year 2019!
31/12/20:
After running both blogs concurrently ( CPO Futures blog and CPYEOH blog) in just 2 posts for the whole year especially for palm oil readers traders to digest, I have finally done my part to share my personal theoretical view on technical trend trading on the stop and reverse trade signals.
For me, trading is like other businesses, you must know how to run the business! By looking through month after month, quarter after quarter, we can plan our risk and money management well ahead to avoid unnecessary issues like margin calls and over-trading.
For example, readers traders can see there are profit months and losing month and quarterly performance. I not worry about profits and wish to focus on the losing months and quarters which many traders will probably wiped out if not well capitalized yourselves!
Can you still be you if you have that kind of losing months?
Can you still do the same trades for the whole year?
Can you be a disciplined technical trend trader?
Ask yourselves the 3 above questions! If can, welcome to technical trend trading's world.
In memory of my sifu, TOP, always remember...
- Do Not Ever Over-Trade.
- Be A Disciplined Trader.
Happy New Year to all readers traders.