Thursday, August 2, 2012

Shorted To Close At The Lowest

Date of exit : 2 Aug 2012
Tittle : Shorted To Close At The Lowest
I shorted to close at 2905 which turned out to be the low of the day. It bounded strongly right after I closed my position. I loss 66 points.

The Loss : RM1650 (66 points x RM25 x 1 contract = RM1650)

My balance is now RM18350.
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 30 July 2012
Tittle : Long At The Open
I longed CPO Oct 2012 Future Contract at the open for one contract (2969). CPO has been down and there is high probability that the price would rebound. I wanted to long at the opening price, but it moved so fast that by the time I managed take the position, the price rocketed to 2969.

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