Wednesday, March 2, 2011
Long And Close With A Loss OF 50 Points - FCPO
Date: 2 Feb 2011
I longed FCPO May future contract at the open at 3570 and shorted to close at 3520 which cost me 51 points for 1 contract. I admit that I was nervous and did not act correctly. I should hold on to the long till my stop loss level was hit but I did not. This is the price I am paying for not following my trading rules.
The Loss: RM1,275 (51points x RM50 x 1contract = RM1,275)
The balance of my account is RM18,425 after the loss of RM1,275.
(The details of my account is at My Future Trading Account Records 2011 )