Monday, November 15, 2010

Exit On Stop Loss Hit - FKLI

Date of entry: 11 Nov 2010
Reversed To Short FKLI After The Stop Loss Hit
I reversed to short FKLI Nov 2010 Future Contract at 1513.5 for 2 contracts right after I was stopped out my long position. It is a break down and the price stays at below moving averages.

Date of exit: 15 Nov 2010
Exit On Stop Loss Hit - FKLI
My position was stopped out at 1499.5 with a gain of 13 points. Apparently, the down trend has just started and the current bound seems like a technical rebound. Since my stop loss was hit indicating that the bear is resting for now and I am waiting for the next opportunity to emerge.

The balance of my account is RM 36,550 after the profit of RM 1300 (13points x RM50 x 2contracts = RM 1300)
(The details of my account is at My Future Trading Account Records 2010 )