FCPO Performance For Year 2021

Ask yourselves 3 questions ...

1. Can you still be you if you have that kind of losing months?
2. Can you still do the same trades for the whole year?
3. Can you still be a disciplined technical trend trader?

Here is the month by month theoretical accumulated profit and loss for CPO Futures trades in year 2021 in the cpofutures blog following a technical trend indicator: 

1. January +347
2. February -187
3. March +251
4. April -335
5. May +340
6. June +244
7. July 000
8. August +409
9. September -624
10. October 000
11. November -81
12. December ?? Answer:  !

So, Accumulated Gross Profit or Loss in theory = ??? points per contract basis

To all readers traders, CPO Futures @ Bursa Malaysia Derivatives in the cpofutures blog (My FCPO Diary!) that I did update frequently last year at best I could to record the Stop and Reverse trading signals, guided by my late Sifu, will be continued next year.

The ONE year ONE post in the CPO Futures blog for year 2022 will be posted by end of this year or early next year and early trading signals will also be updated before the next opening day at best I can unless there is an unforeseen circumstances.

In memory of my Sifu again, TOP , always remember...

• Do Not Ever Over-Trade.
• Be A Disciplined Trader.

Best regards and Happy New Year.

Bursa Malaysia Derivatives - 6

The Sun Business on Thursday, September 21, 1999 with big font words on Locals stay away from trading floor...

Click It For Bigger View

COMMEX, MME, MDEX or KLCE, as I still like it most on the original name, was an open outcry trading exchange plus electronic trading in KLOFFE before taking over by Bursa Malaysia, and being named Bursa Malaysia Derivatives to manage all futures contracts in Malaysia as what we call it at present.

The "boycott" incident was happened before ending year 1999 where I was a very small player in the open outcry cpo futures trading pit, having bad time to survive but had to follow other locals in taking a long week off. No doubt the satisfaction was there seeing the "50%" drop of trading volume, I was told by locals that there were some locals who started trading again due to personal reasons, paging orders QUIETLY from their own broker houses...

Any way, it is already 16 years now; such memory may have been fading...especially the futures market is getting much bigger now a day but I think only half of those 40 over active open outcry locals who are still trading now and the other half had totally ceased to be locals or just seasoned players in this futures industry!

I did list down some active locals with 3-letter alpha codes out of more than 40 active locals in my first book - Trading Crude Palm Oil Futures @ Bursa Malaysia Derivatives. Readers who have the book can turn to the page and read about the locals.

All knew that if locals did not want to trade, they were the ones not making money...but, sometimes, this kind of demonstrating displeasure did help in waking up the relevant authorities to rectify injustice and acknowledge the locals' efforts in growing the futures industry.     

Books And Ideas - 1

"...the book is an extension of the eye..." - Marshall McLuhan.

Going through the kind of business of taking risks, mostly with money, on crude palm oil futures trading in Kuala Lumpur Commodity Exchange (now Bursa Malaysia Derivatives) in the end of 1990s, I did see with my own eye some of my seniors were so successful in trading the commodity futures but there were also traders who failed and bankrupt.

After the commodity futures was migrated to electronic trading, all traders had since been doing in a quiet and "peaceful" environment, and some (including me) felt loss and missed the loud and noisy shouting open-outcry trading pits. This had prompted me to write my first book - Trading Crude Palm Oil Futures at Bursa Malaysia Derivatives - since there were plenty of time in a single room playing solitaire game in my personal computer while monitoring the futures market.

The book was published with ideas of leaving some good memory in printed copy that what open-outcry traders like me did in the hoo-ha super busy trading day when the 1997 Asian Financial crisis hit the commodity futures market (just do a google search on the 1997 Asian Financial crisis and you may know more than I do!). The book had the basic ideas in technical trading that I learned from my senior who was one of the biggest traders in crude palm oil futures trading in early 1990s.

Inside the book, there are three basic technical trend indicators that can be easily constructed using Microsoft Excel or any spreadsheet software in simple formulas (I was actually taught by my "ex-girl friend"!). Remember, "success must have a trading plan" - traders' wisdom.

At page 40 of the book, that is the trading plan that did help me to succeed in trading crude palm oil futures after acquiring the skill of how to use the three technical trend indicators. The table and the technical trend indicators has been part of my trading life that I still have them until today.

In trading success, I still like to advice novice traders: read 100 times a book is better than read 100 books.