Friday, October 29, 2010

FKLI - Final Short To Exit

Date of entry: 28 Oct 2010
FKLI - Long Again
I longed again FKLI Oct future contract at 1504 for 2 contracts. It could be a continuation of the up trend. I am nervous about this trade as 1500 seems stubborn.

Date of exit1: 28 Oct 2010
FKLI - Close Half Of Position
I shorted to close 1 contract at 1500 with a loss of 5 points as bearish engulfing candlestick pattern was formed. This is to minimize my risk.

Date of exit2: 29 Oct 2010
FKLI - Final Short To Exit
My stop loss was hit at 1495.5 with a loss 9.5 points.

I don't have to tell you by now the emotional part. The feeling of experiencing string of losses really sucks. To me, this is part of the trading journey. It happens.

The balance of my account is RM 31,100 after the profit of RM 725 (5points x RM50 x1contract = RM250) (9.5points x RM50 x1contract = RM475)
(The details of my account is at My Future Trading Account Records 2010 )


  1. Abel, why you are still trading Oct FKLI, will end tomoro ??


  2. Hi Muhaidin,

    I am ok with it as my trade is short term in nature; using 2 hourly chart. Two days should be enough. However, I would switch over tomorrow before market close if there is a need.