Wednesday, January 27, 2010

Short CPO April Contract at 2448


Date of entry: 26 Jan 2010
The price openned with a gap down and I shorted 2 contracts at 2448.

Date of exit: 27 Jan 2010
I longed to close the position at 2429 with a profit of 17 points. CPO does not seem that bearish after all as compare to FKLI and the rest of the stock markets.

The balance of my account is RM 31,875 after the profit of RM 850 (17points x 2 contracts x RM25 = RM 850).
(The details of my account is at My Future Trading Account Records 2010 )

6 comments:

  1. my prayer is with u. all the best!

    ReplyDelete
  2. Thank you ZacLim, all the best to you too.

    ReplyDelete
  3. FCPO is equally bearish ! I shot on fri at 1254
    and still holding..

    Najib

    ReplyDelete
  4. Oh sorry, it is 2454...

    Najib

    ReplyDelete
  5. Bears r advised to take some off the table for the short term

    ReplyDelete
  6. Najib, maybe I exit too early. Here is what I am going to do. I will exit half of my position when I see profit from now on and let the balance run till hitting my stop loss.

    ReplyDelete