Tuesday, October 19, 2010

FKLI - Cut Loss At The Open

Date of entry: 19 Oct 2010
FKLI - Initiated Long
I longed FKLI Oct 2010 at 1488 for 2 contracts. I thought the market would go down but the price showed me otherwise; the upside. It is a little break up. Daily trend is still up.

Date of exit: 19 Oct 2010
FKLI - Cut Loss At The Open
I exited my trade during the opening at 1480 with a loss of 9 points for each contract after adding 1 point for commission. I have to cut the losses short just in case as the price went below moving average.

The balance of my account is RM 31,375 after the loss of RM 900 (9points x RM50 x2contracts = RM900)
(The details of my account is at My Future Trading Account Records 2010 )

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