Monday, November 2, 2009

Closed Long Position For FKLI Nov 2009 Contract

I longed FKLI Nov 2009 future contract at 1248 with the reasons 1) Price broke above Yesterday high of 1241 2) Stochastic turned up from oversold area 3) Price open way above moving avereage 10. I am not kind to trade during month end (changing month) usually but with the 3 bullish reasons, I took the long position.
The details:
Date of entry: 30 Oct 2009
Action: Long FKLI Nov 2009 Future Contract
Longed Price: 1248
Volume: 2 Contracts

I close this long position at the open and the price was done at 1235.50 lossing 12.5 points. It looks like the market is in sideway mode; one day gap up and the next day gap down.
The details:
Date of exit: 2 Nov 2009
Action: Short to close long position
Shorted Price: 1235.50
Loss: RM 1350
The balance of my account now is RM 36,150 after the loss of RM 1350
(The details of my account is at )

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