Wednesday, May 26, 2010

Close Short Position And Stay Aside

Date of entry: 26 May 2010
I shorted again CPO Future Contract at 2459 for 1 contract only. A breakdown could mean a weakness ahead.

Date of exit: 27 May 2010
I exited the trade at 11:02am at the price of 2471 losing 14 points after added 2 points for commissions. I am not willing to hold any longer with the reason that the price opened much higher than yesterday close.

The balance of my account is RM 20,375 after the loss of RM 350 (14points x RM25 = RM 350) (The details of my account is at My Future Trading Account Records 2010 )

1 comment:

  1. Take a look at the daily chart, still
    on downtrend. and lower high at 60m chart.