Friday, 27 February 2015

Indicator Y - Update Your February Monthly Accumulated Profit And Loss

For January, FCPO (+131-9+55-26-43 = +108); FKLI (+33+12+65 = +110).
For February, FCPO (+83+33-31-57-22 = +6); FKLI (-13-14-9 = -35).

The above figures is shown as per contract size basis.

Readers traders should be able to see the previous stop and reverse trade signals, track down and calculate the profit and loss that we had simplified them in the title posts with "s" and "L".

The long 2277 FCPO and long 1801 FKLI will technically have their profit and loss being recorded in MARCH. Therefore, we know systematically the January and February accumulated profit and loss for FCPO is +108 and +6  points while FKLI is +110 and -35 index points respectively as the above write up.

No doubt the short term indicator Y is started with a good month for year 2015, readers traders are reminded again on the multiple losing trades like the 3 losing trades on FCPO recently. Do read back the old posts especially since the end of October 2014 to feel the pressure of multiple losing trades. Never over trading and get the 5x capital risk ratio! Read the links in the learning corner too.

Traders who own the 101indicators On Futures Trading book should be able to learn all this. Your accumulated profit and loss in January on FCPO will be -19 points but February +168 points your last long position at 2272 will also be brought forward to March and the profit and loss will only be recorded in March.  

(How to record your monthly accumulated profit and loss properly on your technical trend indicators is a very important issue in showing your trading discipline. Thus, do your homework in recording all the profit and loss in spreadsheet so that you can check easily your performance.)