Friday, September 3, 2010

CPO - Stop Loss Hit

Date of entry: 1 Sept 2010
Short CPO Nov 2010
I shorted CPO Nov 2010 Future Contract at 2515 for one contract. This could be the start of another round of price plunges.

Date of Exit: 3 Sept 2010
CPO - Stop Loss Hit
The price hit my stop loss level at 2565 with a loss of 52 points including 2 points for commissions.

It looks like CPO is in sideway mode for now. I rather stay aside and wait for breakout.

The balance of my account is RM 24,950 after the loss of RM 1300 (52points x RM25 x1contract = RM1300) (The details of my account is at My Future Trading Account Records 2010 )

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