Thursday, November 25, 2010

Long To Exit FKLI At The Open


Date of entry: 23 Nov 2010
I Short FKLI Now - Fast And Furious
I shorted FKLI Nov 2010 future contract for 2 contracts right after I exited my long position which was done few days ago. The price managed to break 1) Recent low (refer to chart) and 2) Below the low of moving average.

Date of exit: 25 Nov 2010
Long To Exit FKLI At The Open
I longed to exit at 1494 at the open with a loss of 2 points. The price opened with a gap up correspondent with the up of Dow Jones over night.


The balance of my account is RM 35,250 after the loss of RM 200 (2points x RM50 x 2contracts = RM 200)
(The details of my account is at My Future Trading Account Records 2010 )

2 comments:

  1. Hi Abel,

    In the hindsight, you had a pretty good entry prior to ystd opening sell down on 23rd.. just wonder if you had a trailing stop in your plan? Else, you should have end up in the positive territory...

    lengchai6

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  2. Hi LengChai6,
    You are right. For the last few trades of FKLI, if I put a target price of say 20 points, I would have come out with good profits.
    I am thinking along this way too.
    For trailing stop, I will relook again and see.


    Regards,
    Abel

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