Friday, September 30, 2011

Stop Loss Reached & Stopped Out

Date of entry: 30 Sept 2011
Long For Potential Rebound
I longed 1 contract at 2918 on opening bell. There is a rebound potential knowing that the price stayed at above recent low of 2850 on daily chart and bean oil has been down & due for rebound.
The concern: The price is still below moving averages.

Date of exit: Same Day
Stop Loss Reached & Stopped Out
My position was stop out at 2900 with 19 points loss.

The Loss: RM475 (19points x RM25 x 1contract = RM475)

The balance of my account is RM19,550 after the loss of RM475.
(The details of my account is at My Future Trading Account Records 2011 )

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