Friday, January 28, 2011

CPO - Closed Short Position

Date of entry: 27 Jan 2011
Short CPO April 2011 Future Contract
I shorted FCPO April 2011 future contract at 3692 for 1 contract. It is a break down now and the price stayed below moving averages.

Date of exit: 28 Jan 2011
CPO - Closed Short Position
I longed to close the position at 3713 with a loss of 23 points including 2 points for commissions. The last 2 candle with long lower tails indicating that the down side pressure is not strong enough.

The Loss: RM575 (23points x RM25 x 1contract = RM575).

The balance of my account is RM19,450 after the loss of RM575.
(The details of my account is at My Future Trading Account Records 2011 )


  1. Abel, it is still a "Short" unless closed
    above 3700 ..anyhow Happy CNY !


  2. 过年啰!
    It is prudent not to hold any positions during long holidays.
    Sky/God/Allah knows what is going to happen.


  3. Happy Prosperous New Year to 非土猪 & Trader88 and also all my visitors.