Friday, December 4, 2009

Long and close CPO Feb 2010 Future Contract

CPO Feb 2010 has been in consolidation. I have been experiencing a string of losses so much so that I started to doubt my trading method. The price broke above moving average higher line (10) this morning, nervously I longed at 2497. I placed stop loss right after I got in.
The price shot up to as high as to 2596, I placed my target at 2597 exactly 100 points from my entry point but the price short by ONE point. I closed my position at 2562 finally as to feel the profit after a long series of losses.

My account balance now is RM 31,375 after the profit of RM1600 ( 2562-2497-1=64 points )
(The details of my account is at )