Thursday, December 16, 2010

Exit Final Lot - My Target Reached

Date of entry: 15 Dec 2010
Short FKLI - Break Down
I shorted FKLI Dec 2010 at 1507 for 2 contracts.
Reason 1) It is a break down
Reason 2) The price is now below moving averages.

Date of exit1: 15 Dec 2010
Long To Close Half FKLI Position
I longed to close 1 position at 1504.5 with a little gain of 1.5 points. There is candle stick reversal pattern; 'hammer' emerged with a long tail low of 1500 which is a psychological support level.

Date of exit2: 16 Dec 2010
Exit Final Lot - My Target Reached
I exit the last 1 contract at 1496 with 10 points gain after 1 point for commission. 1496 is my target price.

The balance of my account is RM 33,875 after the profit of RM 575
(1.5points x RM50 x 1contract = RM 75)
(10points x RM50 x 1contract = RM 500)
(The details of my account is at My Future Trading Account Records 2010 )