Tuesday, April 26, 2011

FCPO Stop Loss Hit

Date of entry: 26 April 2011
Short FCPO On Moving Average Broke Down
I shorted FCPO July 2011 Future Contract at 3295 for 1 contract. It broke moving average low of 3298 (line in green) with a gap down this morning. This could mean a weakness ahead.

Date of exit: Same Day
FCPO Stop Loss Hit
My stop loss was hit at 3315 with a loss of 21 points added 1 point for commission.

The Loss: RM525 (21points x RM25 x 1contract = RM525)

The balance of my account is RM24,275 after the loss of RM525.
(The details of my account is at My Future Trading Account Records 2011 )

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