Thursday, January 27, 2011

Stop Loss Hit & Exit

Date of entry: 27 Jan 2011
I Shorted FKLI Too
I shorted FKLI Jan 2011 future contract at 1524.5 for 3 contracts. I placed the entry order earlier and was filled 5 minutes before the market closed. It reached the moving average low and started to go down indicating that there is high chance that the down full could continue.

Date of exit: 28 Jan 2011
Stop Loss Hit & Exit
My stop loss was hit at 1525 with a loss of 1.5 points for each contract.

The Loss: RM225 (1.5points x RM50 x 3contracts = RM225)

The balance of my account is RM17,750 after the loss of RM225.
(The details of my account is at My Future Trading Account Records 2011 )

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