Thursday, February 24, 2011

Locked Profit To Make Myself Feel Better

Date of entry: 24 Feb 2011
Reversed To Short FKLI Again
I turned short FKLI Feb 2011 future contract at 1498 for 3 contracts.
1) It broke down below 1499 (the blue line)
2) It is below moving average based on 2 hourly chart and daily chart.

Date of exit: Same Day
Locked Profit To Make Myself Feel Better
I longed to lock the profit at 1483.5 for 13.5 points gain after deducting 1 point for commission. There is no strong reason to close except to make myself feel better. FKLI hit the support of 1482; recent low based on daily chart.

The Profit: RM2,025 (13.5points x RM50 x 3contracts = RM2,025)

The balance of my account is RM17,100 after the profit of RM2,025.
(The details of my account is at My Future Trading Account Records 2011 )


  1. Hi Abel,
    I salute you because you can immediately take opportunity to reverse short direction even you just lost few thousands. I don' think I can do that.

  2. Your trading skills improve significantly.Congrats.