Closed the short trade @ 989 after the technical rebound and close at 990. We did exactly as plan. Despite of lower profit, but trailing STOP LOSS and riding the trend could translate to better profit margin in the future. This is crucial to prevent you from exiting prematurely and miss the trend.

The Bursa KLOFFE has dropped almost to 980 level. Revise your STOP LOSS to 989 and ride your profit. Don’t exit prematurely and miss the train.

Bursa KLOFFE was closed on weakness yesterday. you can see that from the reducing volume, low spread up bars. The question is whether it could defend the 1000 level. The pivot point was around 1001.50. I’ve shorted @ 1001 level and put my STOP LOSS @ 1007.50 because it seems like market is not [...]

It is almost end of the trading day. If you are holding more than 2 contracts, you can exit one contract on the short trade first. Ride the profit on the second contract. Due to the uncertainties tomorrow, it is better to close the trade and avoid over night gap/up or down. Having said [...]

The Bursa KLOFFE is congested @ 1008.50. The market is uncertain which way to go now. However due to the weak palm oil market and the political turmoil in Malaysia, the market is still bearish. Trail your STOP LOSS to 1011.5. Remember Up thrust will appear occasionally to shake you out. Exit if the [...]