Wednesday, May 5, 2010

Short Again! CPO July 2010 Futures

Date of entry: 4 May 2010
I shorted again but at a lower price of 2534 for 2 contracts. It is a continuation of the down trend. I used more sensitive method now. There will be a lot entering and exiting.

Date of exit: 5 May 2010
I closed all my long position at 2504 with a gain of 28 points for each contract after deducting 2 points commissions.

The balance of my account is RM 23,500 after the profit of RM 1,400 (28points x RM25 x 2contracts = RM 1400) (The details of my account is at My Future Trading Account Records 2010 )

Note: Earlier on, I posted wrong chart for the first chart (open short position chart). It is the correct one now.

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