I honestly don’t know where the markets are heading next. I cannot predict where and when the top and bottom shall take place. But I learnt it hard way, what I should do "stay" or "quit" when price is traveling beyond my reference levels.

Wednesday, June 15, 2011

Trade Update

Trade details of 15th June :

Copper - Reversed to long from short @ 403.60. Had quite a good up move but mind was set for the down move and not comfortable with the short. Had booked partly twice and re-entered at slightly higher prices and finally quit the long@409.30. It made high of 411 and closed there. Now no position in hand.

Crude oil - Made low@4326 and had a good bounce. Reversed to long@4426. Still holding the long with SAR at 4360.
Posted by at 4:41 PM
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