Action 20090723: Long FKLI July 2009 at 1055.50

(I am recording my trading. The followings are my trading actions and records. As good traders, we should keep a good records of all the details like points of entries, reasons of the actioin;long and short, stop loss levels, profits and loss and commands etc. )

Date: 23 July 2009 (Day 1: Open Trade)
Action: Long FKLI July 2009 Contract
Long Price: 1055.50
Volume: 1 contract
Initial Stop loss: 1039 ( 2 points below moving average low of 1041 )
Potential Loss Amount: RM 875 ( 16.5+1=17.5 points above my entry point )
Reason To Long:
1) FKLI broke above the recent high of 1160
2) The future index stayed well above moving average high and low
3) Stochastic of 4 hour chat is up

Date: 25 July 2009 (Day 2: Close Trade)
Action: Short To Close FKLI July 2009 Contract
Short Price: 1056.50
Volume: 1 contract
Profit: Breakeven
Reason Of Short To Close Position:
1) Stochastic is now down
2) Price opened high but failed to close at the high