Monday, November 29, 2010
FKLI - Exit Trade - No Follow Through Selling Down
Date of entry: 26 Nov 2010
Short FKLI At 1486.5 - Do You Dare?
I reversed my position and shorted FKLI Nov 2010 future contract at 1486.5 for 2 contracts. I don't have to tell you the feeling. It really sucks.
Date of exit: 29 Nov 2010
FKLI - Exit Trade - Long Follow Through Selling Down
I exited the trade at 1484.5 for the two contracts with the reason that the price did not open with a gap down following the US market selling down on Friday. Moreover, it has been down for continuing 5 sessions (candles), there is high chance that the market will rebound.
The balance of my account is RM 31,500 after the profit of RM 100 (1point x RM50 x 2contracts = RM 100)
(The details of my account is at My Future Trading Account Records 2010 )