Friday, July 30, 2010

Auto Closed My Long Position

Date of entry: 23 July 2010
Long FKLI At The Open: High Price Lah!
I longed FKLI July 2010 contract at 1347 at the open for 2 contracts. Well, it opened with a gap and so far it is doing alright. I put tight stop loss just in case the market does not continue.

Date of exit: 30 July 2010
Auto Closed My Long Position
FKLI closed at 1356.50 at the end of July 2010 with a profit of 8.5 points for ech contract after deduction of 1 point for commission.

The balance of my account is RM 19,775 after the profit of RM 850 (8.5points x 2contracts x RM50 = RM) (The details of my account is at My Future Trading Account Records 2010 )

1 comment:

  1. Hi abel,
    In the previous 2 weeks, FKLI tried few times to break the highest point in year 2010 which is 1352.5 but not succesful. It gives us signal this is very strong resistance. As people said, buy at support and sell at resistance. I think in this case, this sentence might be correct.