Date of entry: 31 May 2011
Shorted FCPO Aug 2011
I shorted FCPO Aug 2011 Future Contract at 3387 for 1 contract. It broke down from earlier's low and dropped below moving averages of high and low.
Date of exit: 2 June 2011
FCPO Price Reached My Exit Point
My position was out at 3380 with a little gain of 5 points (RM125) with 2 points deducted for commission.
The Profit: RM125 (5points x RM25 x 1contract = RM125)
The balance of my account is RM22,550 after the profit of RM125.
(The details of my account is at My Future Trading Account Records 2011 )
i just start to short at 3379x2 2/6/11 3:00
ReplyDeletei be q 3 more at 3384 to b short
ReplyDeleteHi, the market is still bearish since the price stayed below moving averages.
ReplyDeleteI am waiting for the price to go lower than today's low actually.
Regards,
Abel
stop loss at 3398
ReplyDeleteloss
ReplyDelete3379x2=6758
3384x3=10152
av=3382
3398-3382=(16poin+4)=20x25x5=Loss RM2500
Hi Abel, I shorted about same time you did at 3394. I exited at closing yesterday at 3360. Now I'm in long position overnite at 3370.
ReplyDeleteHi,
ReplyDeleteCut loss is important, you did it.
Hi
With close at above 3400 and forming bullish candle stick pattern, the market could head higher tomorrow.
Regards,
Abel
wah !lucky i d't hold it.think today be rest n look,bcos tomorrow market rest 2 day
ReplyDelete