Tuesday, January 4, 2011

Short To Exit FKLI For Profit

Date of entry: 3 Jan 2011
Long FKLI - A Break Up
I initiated long position for FKLI Jan 2011 future contract at 1535.5 for 3 contracts. It is a break up and the price stays well above moving averages.

Date of exit: 4 Jan 2011
Short To Exit FKLI For Profit
I shorted to take profit at 1547.5 for 13 points gain for each contract (1 point commission included). The price failed to continue making new high after touching 1549.5. It is kind of resistant for now. I will reenter the market later when the opportunity comes.

The profit of the first trade of the year 2011 is RM 1950 (13points x RM50 x 3contracts = RM1,950)

The balance of my account is RM19,625 after the profit of RM1,950.
(The details of my account is at My Future Trading Account Records 2011 )


  1. Congrats Abel !!

    Good start for the year 2011. ~.~

    Keep up the good chi.


  2. Abel! Excellent start of 2011! started with a bang! ^-^

  3. Thank You 华仔,
    Everything seems bullish nowadays.