Wednesday, January 2, 2013
First Trade - Cut Loss
Title : First Trade - Cut Loss
I exited the trade at 2500 with a loss 63 points. I am trying to control my loss between 60 to 70 points now.
The Loss : RM1575 (63points x RM25 x 1contract = RM1575)
Title : You Know What, I Shorted
I shorted CPO March 2013 at 2439 2 minutes before the market closed. MACD has been flat with the price headed new high indicating a weakness. I placed order earlier. I could not believe my eye. Wish me luck.
The Concern :The price is actually hit back to the previous consolidation area. This would mean a temporary slow down in the plunge.