Tuesday, November 30, 2010

No Follow Through - Exit FKLI

Date of entry: 29 Nov 2010
Long FKLI Now
I long FKLI Nov 2010 future contract at 1493.5 for 2 contracts. I can hold the position till tomorrow. It should be ok for me. The price is now above moving averages.

Date of exit: 30 Nov 2010
No Follow Through - Exit FKLI
I shorted to close the trade at 1487 with a loss of 7.5 points for each contract since the price did not continue the upside.

The balance of my account is RM 34,000 after the loss of RM 750 (7.5points x RM50 x 2contracts = RM 750)
(The details of my account is at My Future Trading Account Records 2010 )

1 comment:

  1. Abel, look like you are trying to prove something.
    it is really unwise to long into a expiring contract.. just wish you good luck ! JB