Monday, November 21, 2011

OK I am Out at 3251

Date of entry: 21 Nov 2011
Short CPO Feb 2012
I shorted CPO Feb 2012 future contract at 3210 (1 contract) for potential beak down. Bear in mind this could be a sideways market, not much down side for what I know.

Date of exit: Same Day
OK I am Out at 3251
I closed my position with a loss again at 3251 when the price is shooting upward crazily.

The Loss: RM1050 (52points x RM25 x 1contract= RM1050)

The balance of my account is RM13,450 after the loss of RM1050.
(The details of my account is at My Future Trading Account Records 2011 )

Comment: This is a typical sideways market, either way; long or short, I will loss money.

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