Thursday, January 31, 2013

Short To Take Profit

Date of exit : 31 Jan 2013 Title : Short To Take Profit
I shorted to take profit at 2554 with a gain of 124 points. This trade is also unusually long. At least it turned out to be a profitable one.

The Profit : RM3100 (124points x RM25 x 1contract = RM3100)


The balance is now RM 27,825 (RM24,725 + RM3100 = RM 27,825) 
  (The details of my account is at My Future Trading Account Records 2012 )
 
Date of entry : 21 Jan 2013
Title : Reversed Position To Long
I longed CPO April 2013 Future Contract as usual at 2428 to reversed my position. I have no idea what the next direction be. CPO is obviously in sideways.

7 comments:

  1. I really appreciate your post and you explain each and every point very well. The content is amazing, keep posting friend it will be very helpful for everyone .You made some good points. Thanks for it. Regards with Commodity TIPS Today

    ReplyDelete
  2. nice, but in my opinion, i think the price gonna drop soon after today, because got evening star, and i saw rsi divergence...

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  3. Hi Sinnerx,
    Yes, there was rsi divergence, also the public holiday on Thursday and further more, Bean Oil Futures have been up.
    I was kind of struggling this evening of whether I should close my position but I took the risk on holding it over the holiday.
    I guess if the price goes down, I will have to be responsible for my holding action.


    Thanks Sinnerx and Analyst.

    Abel

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  4. hi abel,
    im curious, do u trade using long term or short term?
    how long u usually hold for one trade?

    sorry, im kind of new here in trading..

    ReplyDelete
  5. Hi Sinnerx,

    I am a short term trader for futures trading. The longest that I would hold on to a trade is about 14 days.
    As you could see, my usual holding period is about 3 to 5 trading days.


    Regards,

    Abel

    ReplyDelete
  6. This post is so informative and makes a very nice image on the topic in my mind. It is very helpful for me , I realy appreciate thanks for sharing. I would like to read more information thanks. Thanks with Regards stock tips

    ReplyDelete