Thursday, July 12, 2012

Profit Taken For 103 Points

Date of exit : 12 July 2012
Profit Taken For 103 Points
I exited CPO at 3015. My initial target was near recent low of 2978 (refer to chart) but the price did not seem to reach there so I closed my position near the end of the day session to confirm my profit which reached my 100 points target anyway.

The Profit : RM2575 (105-2points x RM25 x 1contract = RM2575)

My balance is now RM19200.
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 10 July 2012
Reversed To Short CPO
I reversed to short CPO Sept 2012 Future Contract at 3120 too. The price dropped below moving averages. I have to respect my trading method and follow strictly even I feel uneasy.

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