Tuesday, October 4, 2011

Close Short Position


Date of entry: 4 Oct 2011
You Know What, I Shorted
I shorted FCPO Dec 2011 Future Contract at 2822 for 1 contract. A break down is a break down. I have to add according even if I feel lousy.

Date of exit: Same Day
Close Short Position
I closed my short position at 2842 in the afternoon opening session with a loss of 21 points. The market is obvious in sideway mode. It turned out whatever I made lately all gone to waste.

The Loss: RM525 (21points x RM25 x 1contract = RM525)


The balance of my account is RM19,200 after the loss of RM525.
(The details of my account is at My Future Trading Account Records 2011 )

12 comments:

  1. abel,me wilson ,i long at dec2812x1.

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  2. 1102/FG/Abel>>Very sien..this guy like ghost...using my nick...

    CPNG

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  3. Hello!!

    Wison...long time no hear from you

    CPNG

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  4. Done 2 lots long @2805

    Cheers!!

    CPNG

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  5. Closed 1 lot @2780..hold 3 lots long overnite

    Cheers!!

    CPNG

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  6. hello!ya lo long time i no trad local market(b cos deposite is too hight),so i trad foreign like soyabean oil usd 1350 only n also win usd too.

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  7. hi cpeng,me wilson the foreign market crude oil;soybean;soybean oil;corn n us30 all is up now,only malaysia cpo still follow yesterday soybean oil marker,if us30 to9 is up n usd continue drop below79.380,tomorrow we r the wine,may b u can try to trad the foreign market.

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  8. Hi Wilson,
    It has been a while. Good to have you back.

    Hi CPNG,
    The drop was unexpected. All things are pointing up actually.


    Abel

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  9. I am still holding 3 lots long..

    Cheers!!


    CPNG

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  10. By the way, the guy still using my nick...

    Don't know why got such lousy ppl??

    1102>> We still can share on here...no need get angry.!!

    Cheers!!

    CPNG

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  11. Wilson>> Yup ! you are right..soyaoil margin only USD1350..lower entry than CPO..

    But I still prefer our CPO...although sometimes
    got manipulating by our big guys..


    CPNG

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  12. me wilson,foreign market crude oil;metals;indices,grains all up,only usd is drop below79.380 now79.310,but cpo........is slowly to up,i only long 1 lot soybean oil can get usd400(margin only USD1350), but cpo i still want to waiting until tomorrow take profit.

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