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Friday, June 6, 2008

Review on my oil trade (Part 5)

On 4th June, I had bought 1 lot of super mini oil contract at 123.58.

Current price at US$130.52
Unrealised gain: US$694
Place a GTC stop at US$126
Initial target level at US$135
1 pt represents US$100

Since oil price rises again, I can afford to raise my stop level to US$126. So a bigger amount of profit is secured.

Non-farm payroll is going to be announced soon. Some traders like to predict the news, I do not, I want to play safe. Raises my stop, sit back and ENJOY.

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