Tuesday, August 16, 2011

Short to exit at 3061

Date of entry: 15 Aug 2011
Longed FCPO At The Open
I longed FCPO Oct 2011 Future Contract on opening bell at the price of 3039 for 2 contracts. It opened with a gap and stay above moving averages.

Date of exit: 16 Aug 2011
Long to exit at 3061
I shorted to exit at 3061 for 20 points gain of each contract. There is no solid reason to sell exept that the market has been up; 5 white candles in a row further more we are in new month contract (November).

The Profit: RM1000 (20points x RM25 x 2contracts = RM1000)

The balance of my account is RM24,425 after the profit of RM1000
(The details of my account is at My Future Trading Account Records 2011 )

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