Wednesday, May 26, 2010

I Was Out: Short CPO August 2010

Date of entry: 25 May 2010
I shorted CPO August 2010 Future Contract at 2471 for 1 contract only. The price stayed way below the recent low of 2479 indicating of market weakness.

Date of exit: 26 March 2010
I closed the position at 2456 at 11:00am at 2456 with a profit of 13 points after deducting 2 points for commission.
My reason: Bullish Candlestick Pattern indicating the bear may be taking a rest, so I exited the trade and reenter again when there is chance later.

The balance of my account is RM 20,725 after the profit of RM 325 (13points x RM25 = RM 325) (The details of my account is at My Future Trading Account Records 2010 )

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