Thursday, February 18, 2010

Long May 2010 CPO Future Contract

Date of entry: 17 Feb 2010
This is the first day of May 2010 future contract becoming active contracts. I longed CPO May 2010 future contract at the open with the price of 2617 (2 contracts). The price openned way above previous high.

Date of exit: 18 Feb 2010
The price hit my stop loss at 2609 at 11pm and I was stopped out with a loss of 10 points. Stochastic turned down from overbought area.

The balance of my account is RM 29,175 after the loss of RM 500 (Loss:10points x 2 contracts x RM25 = RM 500).
(The details of my account is at My Future Trading Account Records 2010 )

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