Date of entry: 9 March 2012
Reversed To Long FKLI
I reversed to long FKLI March 2012 future contract at 1582 for one contract. It is a break up. This deal was done at about 10:10 this morning. (Chart will be provided later).
Date of exit: 13 March 2012
Exited Short - Should Have Done It Long Ago
I shorted to exit my trade this morning at 1569.5 with a loss of 13.5 points (1 point for commission). This trade supposed to exit when it broke below 1576 (the low). But I 'thought' the price will stabilize at this area.
The Lesson: 'I thought' is a very dangerous habit when trading. I know I should follow the system but knowing and doing deferred.
The Loss: RM675 (13.5points x RM50 x 1 contract = RM675)
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