Tuesday, April 19, 2011

Stop Loss Hit At 1520.5

Date of entry: 18 April 2011
I Realized That I Actually Shorted FKLI This Evening
I did not realize that I actually shorted FKLI in the evening sometimes at around 1550 for 2 contracts at the price of 1522 when the price hit the low of 1520.5 and rebounded. I placed the order and busy with something else.

Reason To Short 1) FKLI is still below moving average high
Reason To Short 2) Bearish candle stick pattern emerged

Date of exit: 19 April 2011
Stop Loss Hit At 1520.5
My short position was stopped out at 1520.5 with a little gain of 0.5 points after deducting 1 point for commission for each contract.

The Profit: RM50 (0.5point x RM50 x2contracts = RM50)

The balance of my account is RM12,300 after the profit of RM50.
(The details of my account is at My Future Trading Account Records 2011 )

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