Wednesday, February 16, 2011

Exit FCPO With BIG Loss

Date of entry: 11 Feb 2011
Long CPO Now
I longed CPO April 2011 future contract at 3953 for 1 contract before market closed. It is kind of a break up with the price stays above moving averages both daily chart and 2 hourly chart.

Date of exit: 16 Feb 2011
Exit FCPO With BIG Loss
I shorted to exit the trade on opening bell at 3850 with a huge loss of 105 points!! The Biggest Loss In One Trade. This is the way the business is done, what to do.

The Loss: RM2,625 (105points x EM25 x 1contract = RM2,625)

The balance of my account is RM17,550 after the loss of RM2,625.
(The details of my account is at My Future Trading Account Records 2011 )

1 comment:

  1. i also long at cut loss below 3915