Friday, October 30, 2009

Short FKLI at 1247.50

I shorted FKLI Oct 2009 Future Contract at 1247.5 when the price broke the previous low of 1253. I tried to short at a better price but the dropping speed is too fast that by the time I got my trade, it already hit 1247 and 1247.5. Stochastic of 2 hour is also down.
The details:
Date of entry: 27 Oct 2009
Trade Code: 20091027a
Action: Short Oct 2009 Future Contract
Shorted Price: 1247.50
Volume: 2 Contracts

I closed my long position at the open when price gapped up with almost 10 points.
The details:
Date of exit: 30 Oct 2009
Action: Long to close FKLI Oct 2009 Future Contract
Longed Price: RM 1247.50
Loss: RM 100 (this is the commission that I lost)
The balance of my account now is RM 37,150 after the above loss of RM 100.

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