Friday, December 14, 2012

Exited Trade 2 Minutes Before Market Closed

Date of exit : 14 Dec 2012
Title : Exited Trade 2 Minutes Before Market Closed
I longed to exit the trade 2 minutes before the market closed at the price of 2275 with a little gain of 6 points (2 points deducted for commission).
The reason to exit :
1. The price rebounded strongly and formed a white bullish candle in daily chart (knowing also that Daily MACD has been up) And also MACD of Hourly Chart is higher.
2. We are in 14th of the month which is the last day for Feb 2013 Future Contract as active month
3. The weekend is ahead of us

The Little Profit : RM300 (6points x RM25 x 2contracts = RM300)

My balance is now RM33,625 (RM33,325 + RM300 = RM33,625)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 11 Dec 202
Title : Reversed To Short CPO
I reversed to short CPO Feb 2013 Future Contract at 2283 with 2 contracts.

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