Wednesday, June 9, 2010

Closed At The Close: Long CPO

Date of entry: 8 June 2010 BreakDown With Volume: Short CPO Aug 2010
The price broke down recent low (in blue line) with volume surging and made a low of 2431. I shorted at 2435 for 1 contract.

Date of exit: 9 June 2010 Closed At The Close
I closed my short position at 2406 1 contact only :( (profit of 27 points) with the reason that the last bar failed to make new low indicating that the selling force could be gone.

The balance of my account is RM 20,175 after the profit of RM 675 (27 points x RM25 = RM 675) (The details of my account is at My Future Trading Account Records 2010 )

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