Wednesday, September 30, 2009

Action 20090925: Short FKLI Sept 2009 Future Contract

(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: 25 Sept 2009 (Day 1: Open Trade)
Action: Short FKLI Sept 2009 Future Contract
Short Price: 1214
Volume: 2 contracts
Initial Stop Loss: 1225
Reason To Long:
Price dropped below recent low (refer to the 4 hour candle stick chart)

Date: 29 Sept 2009 (Day 4: Close Trade)
Action: Long to close position
Long Price: 1203.50
Profit: RM 950 (1214-1203.50-1=9.5 points)
Reason to close Position:
1) 1 Hour Stochastic turned up from oversold area
2) Sept 2009 month ended
My balance for the account is RM 36,025 after the profit of RM950

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