Thursday, February 10, 2011

I Am Out - CPO Stop Loss Was Hit


Date of entry: 8 Feb 2011
Long CPO - Price Went Higher Than The Opening Price
I longed CPO April 2011 future contract at 3861 for 1 contract. The price broke the opening price indicating the bullishness of the market.

Date of exit: 10 Feb 2011
I Am Out - CPO Stop Loss Was Hit
My stop loss was hit at 3892 with a gain of 29 pints only after deducting 2 points for commissions.

The Profit: RM725 (29points x RM25 x 1contract = RM725)

The balance of my account is RM20,175 after the profit of RM725.
(The details of my account is at My Future Trading Account Records 2011 )
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6 comments:

  1. AnonymousFebruary 8, 2011 at 10:34 PM

    I also think the market still bullish.by looking at the buying momentum at the end of market session today,maybe tomorrow price gap up will occur.I hope so...=)

    ReplyDelete
  2. AbelFebruary 9, 2011 at 4:19 PM

    Hi,
    CPO appeared not strong enough.

    ReplyDelete
  3. AnonymousFebruary 10, 2011 at 11:01 AM

    Hi,Are you still in long?

    ReplyDelete
  4. AbelFebruary 10, 2011 at 11:12 AM

    Yes I am.

    ReplyDelete
  5. AnonymousFebruary 10, 2011 at 11:23 AM

    May I know your target point?

    ReplyDelete
  6. AbelFebruary 10, 2011 at 11:35 AM

    Hi, I am not sure yet. Based on the opening price at the highest so far, it is not looking good.

    ReplyDelete

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