Friday, July 9, 2010

Exit The Trade, Reenter Later

Date of entry: 9 July 2010
Also Long CPO Now
I longed CPO Sept 2010 future contract at 2316 for 1 contract now. It is a break up with the price just broke above moving average (the last candle). There is higher chance that the price could continue go up.

Date of exit: Same day
Exit The Trade, Reenter Later
I shorted to close the trade since it did not continue with the price of 2308 at the loss (7 points including 1 point for commission). You may think that I am too sensitive. Well, I am using candlestick pattern for the call. I will reenter if the price continue going up

The balance of my account is RM 19,625 after the loss of RM 175 (7points x RM25 = RM175) (The details of my account is at My Future Trading Account Records 2010 )