Friday, October 9, 2009

Tough Trade 20091008c: Short CPO Dec 2009 at 2040

I placed a sell stop order at 2046 but the price was triggle at 2040; 6 points lesser. This is a tough game; fast and furious! I am nervous actually, but I have to focus on the game plan.

The price hit my stop loss again. This time it is at 2077 lossing RM 975 (2077-2040+2=39 points). It seems that the market is acting weird. I have no choice but to close my position. It really is a tough trade; stopped out here and there. I have to follow the rules no matter what and how I feel.
The balance of my account now is RM 33,025 after another loss of RM 975 caused by this trade.

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