Thursday, April 22, 2010

Turned Shorting CPO July 2010

Date of entry: 21 April 2010
I reversed my position to short CPO July 2010 future contract at 2475 for 2 contracts. There is a high chance that the price would continue the down side after the recent rebound.
Date of exit 1: 22 April 2010
I closed 1 contract at 2473 in the morning (break even after deducting 2 points for commission). The price did not continue the downside.

Date of exit 2: 22 April 2010
I closed the final contract at 2494 with a loss of 21 points added to 2 points for commissions. (21points x RM25 = RM 525)
The balance of my account is RM 23,450 after the loss of RM 525.
(The details of my account is at My Future Trading Account Records 2010 )

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