Thursday, January 14, 2010

Long CPO at the open

Date of exit: 14 Jan 2010
I longed CPO March 2010 at the open at the price of 2528 for 2 contracts when the price opened with a up gap. I am trying to take the advantage of oversold situation.

Date of exit: Same Day
The market just did not continue the upside. My stop loss was hit at 2514 with loss of 16 points including commission.

The new balance of my account is RM 30,175 after the loss of RM 700 (16points x 2 contracts x RM25 = RM 800).
(The details of my account is at My Future Trading Account Records 2010 )

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