Tuesday, January 11, 2011

Wild Swing Caused Money - FKLI

Date of trade: 11 Jan 2011
Wild Swing Caused Money - FKLI
I shorted FKLI Jan 2011 at 1556.5 for 3 contracts and stopped out at 1565.5 in less than an hour later cost me 10 points for each contract. This kind of wild swing can really kill. What to do, it happens.

The Loss: RM1,500 (10points x RM50 x 3contracts = RM1,500)

The balance of my account is RM16,400 after the loss of RM1,500.
(The details of my account is at My Future Trading Account Records 2011 )

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