Thursday, January 7, 2010

Long CPO Future On The Break Up

Date of entry: 6 Jan 2010
I longed CPO March 2010 Future Contract at 2713 for 2 contracts. It is a break up.

Date of exit: 7 Jan 2010
CPO price opened with a gap down and I closed this position at 2651 with a huge loss of 64 points including 2 points commission. It is hard but I have to take it.

The new balance of my account is RM 29,625 after the loss of RM 3,200 (64points x 2 contracts x RM25 = Loss RM 3,200).
(The details of my account is at My Future Trading Account Records 2010 )

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