Wednesday, February 16, 2011
Exit FCPO With BIG Loss
Date of entry: 11 Feb 2011
Long CPO Now
I longed CPO April 2011 future contract at 3953 for 1 contract before market closed. It is kind of a break up with the price stays above moving averages both daily chart and 2 hourly chart.
Date of exit: 16 Feb 2011
Exit FCPO With BIG Loss
I shorted to exit the trade on opening bell at 3850 with a huge loss of 105 points!! The Biggest Loss In One Trade. This is the way the business is done, what to do.
The Loss: RM2,625 (105points x EM25 x 1contract = RM2,625)
The balance of my account is RM17,550 after the loss of RM2,625.
(The details of my account is at My Future Trading Account Records 2011 )
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i also long at 3951...my cut loss below 3915
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