Date of entry: 13 Jan 2011
Short Again CPO - Break Down - What to do
I shorted again CPO March 2011 future contract at 3667 for 1 contract. It is a break down and I just follow the price action even I felt not very comfortable to do so.
Date of exit: Same Day
Long To Close CPO To Call It A Day
I longed to close the position at 3673 with a loss of 7 points including 1 point for commission.
The losses: RM175 (7points x RM25 x 1contract = RM175)
The balance of my account is RM17,300after the loss of RM175.
(The details of my account is at My Future Trading Account Records 2011 )
Funny CPO is not corresponding with SO & CO movement?...So volatile...Just hope doesn't reach my stop loss.
ReplyDeleteSmart move! I think only now CPO will start to follow the logical way. UP.UP.UP...
ReplyDeleteHi,
ReplyDeleteThat is why I am comfortable to hold overnight nowadays.
Sometimes the market is just not possible to trade overnight- like now. So we can plan to trade intraday. I think with your experience 10-20 points daily is quite possible.
ReplyDeleteCorrection for my previous comment:
ReplyDeleteI actually mean:
" That is why I am NOT comfortable to hold overnight nowadays "
Sorry about that.
Abel