Monday, December 20, 2010

FKLI - Stop Loss Hit

Date of entry: 20 Dec 2010
Shorted FKLI - Potential Continuation Of Down Trend
I shorted at 1490.5 for 2 contracts in the morning around 9:30. It could be the continuation of down trend. The price at one point rebounded back to 1497 and that really got me worried.
Reason To Short: The price is well below moving averages
The Concern: The price has been down for 6th days and heading to the 7th based on daily chart.

Date of exit: 20 Dec 2010
FKLI - Stop Loss Hit
My position was stopped out at 1495.5 with a loss of 6 points for each contract after 1 point for commission.

The balance of my account is RM 33,275 after the loss of RM 600
(6points x RM50 x 2contracts = RM 600)
(The details of my account is at My Future Trading Account Records 2010 )

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