Wednesday, January 20, 2010

Short CPO April 2010 at 2460

Date of entry: 20 Jan 2010
I shorted CPO April future contract at 2460 as it opened way below moving average and the stochastic turned down. Honestly, I do not know what the final direction CPO price wants to go but I will just follow the price movement closely.

Date of exit: Same Day
I closed the long position at 2453 with a bit of profit; 6 points (1 point commission for intraday trade). Not really a good reason to close, there is high chance the market would consolidation.

The balance of my account is RM 31,125 after the profit of RM 300 (6points x 2 contracts x RM25 = RM 300).
(The details of my account is at My Future Trading Account Records 2010 )


  1. Hi ZacLim,

    I do. I have been waiting. It seems there is not much movement for FKLI lately.

    Thank you for asking, ZacLim.