Monday, June 7, 2010

Turned Long CPO Aug 2010

Date of entry: 4 June 2010
I longed CPO Aug 2010 Future Contract at 2475 for 1 contract during breakup (the blue line). The market is very quiet, I do not think that the price will surge very far. Just wait and see.

Date: 5 June 2010 Bean Oil Future Down By 0.84
Opps! Bean oil future down by 0.84 (-2.23) to 36.82. It looks like CPO future Aug contract could open with a gap down of say 55 points (-2.23) to 2419 !!??
I will get ready to cut loss. Do what I got to do.

Date of exit: 7 June 2010
I exited the trade at the open for the price of 2441 losing 36 points added 2 points for commission. (36 points x RM 25 = RM 850 ). Wow! RM 850 losses is heavy for 1 contract only.

The balance of my account is RM 19,500 after the loss of RM 850 (The details of my account is at My Future Trading Account Records 2010 )


  1. what trading platform are using for cpo future?

  2. Hi FCPO,
    I am sorry that I forgot to write. It is in the chart anywhere. Thank you so much for reminding me.

    Hi Kevin,
    I am using NextView platform. They have different time frames up to 1 minute.


  3. Too bad, gap-down due to soya oil !
    better cut-it, limited upside..


  4. hey come and have a chat here everyone