Friday, March 29, 2013

Close For Confirming Profit

Date of exit : 29 March 2013
Title : Close For Confirming Profit 
I longed to close my position to confirm my profit at 2488 for 42 points gain (2 points for commission). This is not my usual method to take my profit. I am kind of breaking my method. Maybe the market will plunge further but it appeared way oversold. 

The Profit : RM1050 (42points x RM25 x 1contract = RM1050) 

The balance is now RM 29,675 (RM 28,625 + RM1050 = RM 29,675)
(The details of my account is at My Future Trading Account Records 2012 )

Comment : I am not feeling right as I did not follow my trade rule (staying the trend till the end or 100 points target) after I cleaned my short position. Following rules is more important than simple taking profit. 
Anyway, what ever is done is done. I just have to live with it. 

Date of entry : 26 March 2013
Title : Reversed To Short CPO
I turned short CPO June 2013 Future Contract at 2432 for 1 contract. Honestly, I am not sure about this trade. The price looks oversold. But I will just follow my method.

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