Tuesday, March 2, 2010

Reversed To Long CPO March 2010

Date of entry: 1 March 2010
I reversed my position to long at 2622 (2 contracts) the moment I closed my previous short position.

Date of exit 1: Same Day
I closed 1 contract at the morning session close with the price of 2636. (Profit of 13 points after deducting 1 point for commission).

My comment: The price movement of CPO has been slow, I wanted to profit from 50 to 100 points actually but it is just not happening. So I will take profit at least half whenever there is.
Date of exit 2: 2 March 2010
I closed my position at 2618 (the balance 1 contract) when the price opened high and dropped all the way to 2615. My loss for this contract is 4 points plus 2 points commission, so the total is 6 points.
The balance of my account is RM 28,300 after the profit of RM 175 (Loss:6points x 1 contracts x RM25 = RM 150),(Profit:13points x 1 contracts x RM25 = RM 325)
(The details of my account is at My Future Trading Account Records 2010 )

1 comment:

  1. Agree with U.. Bullish is Begin for long journey....