Wednesday, May 5, 2010

Close Long Position: CPO July 2010

Date of entry: 5 May 2010
I turned long CPO July 2010 Future Contract at 2518 with 2 contracts. The price makes a sudden u turned. I am in for a quick kill if there is any.

Date of exit: Same Day
The price finished with a long tail at 4:00pm so I closed my long position at 2513 for the 2 contracts with a loss of 6 points for each contract. My loss is RM 300.

The balance of my account is RM 23,200 after the loss of RM 300 (6points x RM25 x 2contracts = RM 300) (The details of my account is at My Future Trading Account Records 2010 )


  1. Hi Abel,
    today when stochastic and RSI indicator turn up from oversold region at 5 min chart, you should start to long, not at afternoon when it reaches 2518

  2. Hi ahkuih,

    I did not long as the market was obviously in down trend mode Yesterday.

    Thank you for your suggestion