Friday, January 7, 2011

Exit To Lock Profit - CPO


Date of entry: 7 Jan 2011
Short CPO - Price Below Moving Averages
I shorted CPO March 2011 future contract for 1 contract at 3802. It broke below moving averages.

Date of exit: Same Day
Exit To Lock Profit - CPO
I longed to close my position with a gain of 20 points after 1 point commission being deducted. The price seemed stabilizing around this area. With tomorrow being weekend, exiting should be a good idea for me.

The Profit: RM500 (20points x RM25 x 1contact = RM500)

The balance of my account is RM16,275 after the profit of RM500.
(The details of my account is at My Future Trading Account Records 2011 )
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3 comments:

  1. gtJanuary 7, 2011 at 8:23 PM

    cool trade bro...

    ReplyDelete
  2. AnonymousJanuary 8, 2011 at 1:08 AM

    hope u stick with ur system tigh, in future will have big gain, keep improve.加油! :)

    You Ri

    ReplyDelete
  3. AbelJanuary 8, 2011 at 11:05 AM

    Hi gt and You Ri,

    Thank you so much for your encouragement. It means a lot to me.


    Abel

    ReplyDelete

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