Tuesday, March 30, 2010

Short CPO June 2010

Date of entry: 29 March 2010
I shorted CPO June 2010 at 2528 for 2 contracts (the lowest price so far) when the price broke Yesterday's low of 2534. I am not really convinced so I will exit whenever bullish candlestick pattern emerge.

Date of exit: 30 March 2010
I have two exit (long to close position):
Exit 1) at 2504 for 1 contract with a profit of 22 points after deducting 2 points commission (2528-2504+2=22points)
Exit 2) at 2527 for 1 contract with a loss of 1 point after deducting 2 points for commission (2528-2527-2=1point)
The balance of my account is RM 27,500 after the profit of RM 525 (21points x RM25 = RM525 ).
(The details of my account is at My Future Trading Account Records 2010 )


  1. Abel, I think the balance of your account should be RM26975. The closing of the trade on 18 & 19 resulted a gain of RM325 + RM150 = RM475 only but I think you added another RM475.

  2. Hi,
    I was wrongly added twice of RM475. I appreciate you pointed out.
    Thank you so much.