Date of entry: 13 Aug 2010
Long CPO Oct 2010 - Price Opened With A Gap
I longed CPO Oct 2010 Future Contract at 2727 for one contract in the afternoon section. The price opened with a gap at 2727. It is way above moving average and with a gap open, the price could continue the upside.
Trade Correction: Closed Oct 2010 & Long Nov 2010
I closed Oct 2010 at 2727 with 1 point loss for the commission and long Nov 2010 at 2694.
You guys helped me to spot my mistake of wrongly entering the expiry month, Thank You You All Again
Date of exit: 17 Aug 2010
Stopped Loss Hit At 2640
My stop loss level reached at 2640 with a loss of 56 points including 2 points for commission. My actual total loss should be 57 points as there was 1 point for the trade correction.
The balance of my account is RM 26,100 after the loss of RM1425 (57points x 1contract x RM25 = RM1425) (The details of my account is at My Future Trading Account Records 2010 )
Short-term play? Why not Nov contract?
ReplyDeleteHi,
ReplyDeleteI prefer the active month and so far we still consider Oct 2010 is an active month till 15 Aug 2010.
Regards,
Abel
Next Mon active month is Nov contract.
ReplyDeletebut r u going to hold your active month contract till next week? since that Oct expires today as the active month......
ReplyDeleteHi All,
ReplyDeleteI made a mistake. I should have entered Nov contract instead of Oct. I thought today is 12 Aug 2010.
Thank you all you for the reminder.
I appreciate a lot.
Regards,
Abel