Action 20090605: Short CPO Aug 2009 Contract At 2520

(I am recording my trading. The followings are my trading actions and records. As good traders, we should keep a good records of all the details like points of entries, reasons of the actioin;long and short, stop loss levels, profits and loss and commands etc. )

Date: 5 June 2009 (Day 1: Open Trade)
Action: Short CPO Future Aug 2009 Contract
Shorted Price: 2520 (at the close)
Volume: 1 contract
Initial Stop loss: 2617 ( 6 points above the high of 2611 on 5 June 2009 )
Potential Loss Amount: RM2475 ( 97+2=99 points above my entry point )
Reason To Short:
1) Daily Stochastic is now down
2) Candle Stick Pattern: Bearish Engulfing (open high and close low)

Date: 8 June 2009 (Day 2: Close Trade)
Action: Long To Close CPO Future Aug 2009 Contract
Longed Price: 2460 (at the close)
Volume: 1 contract
Profit: RM 1450 ( 2520-2460-2 = 58 points )
Reason Of Short To Close Position:
1) Based on 30 minutes chart, the stochastic is at where oversold area
2) Based on 30 minutes chart, the price have continues 6 black candle in a row. The very next bar could be up. So it seems that closing the position and confirm the profit is the way to go.
Note:
1. One points of CPO Futures = RMRM25
2. Commission needed for buy and sell is RM50 so we need 2 points to break even
3. Margin (Minimum Deposit for holding overnight) = RM8000
4. I have RM34,350 as deposit and now RM 35,800 after the profit of RM 1450