Monday, November 9, 2009

Short CPO Jan 2010 Future Contract

I shorted CPO Jan 2010 future contract at 2219. I actual entry point was much higher. I was late, but I still did. The price broke recent high.
The details:
Date of entry: 9 Nov 2009
Trade Code: 20091109S
Action: Short CPO Jan 2010 Future Contract
Shorted Price: 2219
Volume: 1 Contract

The price hit my stop loss at 2234 lossing 15 points. The rest of markets are up actually. Exiting short position is a better thing to do now.
The details:
Date of exit: 9 Nov 2009 (the same day)
Action: Long to close position
Longed Price: 2234
Loss: RM 400 (2234-2219+1=16 points) (16 points x RM25 = RM 400)
My balance further reduced to RM 34,275 after the loss of RM 400.

(The details of my account is at )

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