Wednesday, January 26, 2011

CPO - Long To Cash Out


Date of entry: 25 Jan 2011
Short FCPO
I shorted FCPO April 2011 at 3705. The price dropped lower than the opening price.

The concern: It hit moving average low of 3703 (Blue Line) based on 2 hourly chart and near 3696 moving average low (Blue line) based on daily chart.


Date of exit: 26 Jan 2011
CPO - Long To Cash Out
I longed to close the short position at 3655 with a gain of 48 points after deducting 2 points for commissions ( 3705 - 3655 - 2 = 48points ).

The Profit: RM1,200 (48points x RM25 x 1contract = RM1,200)


The balance of my account is RM20,025 after the profit of RM1,200.
(The details of my account is at My Future Trading Account Records 2011 )

6 comments:

  1. No need to worry so much, just follow
    the signal !

    非土猪

    ReplyDelete
  2. Hi 非土猪,

    Thank you.

    Abel

    ReplyDelete
  3. tomollow open 3650...hahah

    ReplyDelete
  4. Congrats Abel !! Well DONE !! You received your big CNY ang pow ... :)

    Anyway, wish you Happy Chinese New Year and may you have abundance of fortune in the year of rabbit.

    ReplyDelete
  5. Thank you so much escala, I wish you all the same. We all have BIG ang pow!

    ReplyDelete