Thursday, February 23, 2012

Long To Close At 3268


Date of entry: 22 Feb 2012
Short May CPO For Potential Correction
I shorted CPO May 2012 Future Contract at 3254 for one contract. The market has been up, there is high chance that it will correct.

Date of exit: 23 Feb 2012
Long To Close At 3268
I longed to close my position at 3268 with a loss of 16 points with 2 points as commissions. The price opened with a gap and recovered strongly. I have no choice but to close the position and wait for the next move. This is trading, morning everything seems so bright and the market reversed to black in the afternoon.

The Loss: RM400 (16points x RM25 x 1contract = RM400)
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3 comments:

  1. GT KhooMarch 5, 2012 at 1:17 PM

    expect fcpo will stuck @ 3230-3270 on weaken soyoil. still sell on resistance mode, unless soyoil buying momentum pick up...

    ReplyDelete
  2. RHMarch 5, 2012 at 8:03 PM

    Hi, Nice post! Would you please consider adding a link to my website on your page. Please email me back.

    Thanks!

    Harry
    harry.roger10@gmail.com

    ReplyDelete
  3. AbelMarch 6, 2012 at 11:53 AM

    Hi GT Khoo,
    Thank you for your comment.

    Hi Harry,
    We could link up. I will add you to my site.

    Thanks

    Abel

    ReplyDelete

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