Date of exit : Same Day
Title : What! I Am Stopped Out
I could not believe my eye. My long position was stopped out at 2526 with a loss of 24 points (1 point for commission) towards the last 5 minutes of the trade. Placing Stop Loss is a MUST in trading despite wild swing could occur. What to do!
The Los : RM600 (24points x RM25 x 1contract = RM600)
The balance is now RM 22,550 (RM 23,150 - RM 600 = RM 22,550)
Date of entry : 11 Nov 2013
Title : Long CPO
I initiated long position for CPO Jan 2014 Future Contract at 2549 for 1 contract; potential rebound.