Wednesday, March 2, 2011

Reversed To Short FKLI At 1484.5

Date of entry: 2 Feb 2011
Reversed To Short FKLI At 1484.5
I turned shorting FKLI Feb 2011 future contract at 1484.5 after it tested 1481.5. Again, trading at this kind of market condition really sucks.

Date of exit: Same Day
I longed to close the position at 1489.5 with a loss of 6 points for each contract. The price failed to drop lower. I exited the trade and stay sideline.

The Loss: RM900 (6points x RM50 x 3contracts = RM900)

The balance of my account is RM14,850 after the loss of RM900.
(The details of my account is at My Future Trading Account Records 2011 )

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