Monday, June 3, 2013

Short Aug 2013 CPO Future Contract

Date of exit : 3 June 2013
Title : Long To Cut Loss At 2405 
I exited my trade at 2405 to cut my loss with a loss of 32 points. What a day! 

The Loss : RM800 (32points x RM25 x 1contract - RM800) 

The balance is now RM 27,500 (RM 28,300 -  RM 800 = RM 27,500)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 30 May 2013
Title : Short Aug 2013 CPO Future Contract 
I shorted CPO Aug 2013 Future Contract at 2375 for 1 contract. The price has been up for many days. There is high chance for correction.
This is not my usual method of break out method. I just took the advantage of overbought situation. I have to bare in mind that the trend is still up.

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