Thursday, December 9, 2010

Long To Exit ALL For FKLI

Date of entry: 8 Dec 2010
Long FKLI On Break Up
I longed FKLI Dec 2010 future contract at 1507 for 2 contracts this morning.
Reason 1) It is a descending line break up
Reason 2) The price stays well above moving averages.

Date of exit1: 9 Dec 2010
Exit 1: For 10 Points Profit
I exited 1 contract at 1518 on opening bell with 10 points profit and remained 1 contract. There is no follow through buying. It looks like FKLI is not strong enough to continue the surge.

Date of exit2: 9 Dec 2010
Long To Exit ALL For FKLI
I exited the balance 1 contract also at 1518 for 10 points profit. I will reenter the long position if the price break up. For now, I confirmed my profit.

The balance of my account is RM 33,900 after the profit of RM 1,000 (10points x RM50 x 2contracts = RM 1,000)
(The details of my account is at My Future Trading Account Records 2010 )

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