Date of entry: 10 June 2010
A BreakDown Is A BreakDown: Short CPO
I shorted CPO Aug 2010 Future Contract at 2403 (1 contract). It is a breakdown (blue line).
The only concern for this trade is the lack of volume. The bear is weak.
Date of exit: Same Day
Price Failed To Go Lower
The price did not make new low, so I closed my short position at 2407 with a loss of 5 points including 1 point for commission.
The balance of my account is RM 20,050 after the loss of RM 125 (5points x RM25 = RM125) (The details of my account is at My Future Trading Account Records 2010 )
As usual, you lack holding power.
ReplyDelete