Exited FKLI Long Position

Date of entry: 17 March 2011
Long FKLI For Potential Rebound
I longed FKLI future contract March 2011 at 1488.5 for 3 contracts. It reached between the moving averages indicating a potential rebound.
This is obviously not a comfortable trade as I am kind of against the major trend. Holding over night could be deadly.

Date of exit: 18 March 2011
Exited FKLI Long Position
I shorted to exit the trade at 1496 with a gain of 6.5 points after deducting 1 point for commission.

The Profit: RM975 (6.5points x RM50 x3contracts = RM975

The balance of my account is RM16,325 after the profit of RM975.
(The details of my account is at My Future Trading Account Records 2011 )

CPO - Long To Lock Profit

Date of entry: 8 March 2011
Short FCPO - Potential Breaking Down
I shorted FCPO May 2011 future contract at 3571 for 1 contract. It broke down the recent low of moving average (green line) of 3585.
It turned out I shorted at the lowest of the day.


Reason To Short:The daily chart of FCPO is still below the moving averages

The Concern: The price still maintains between the moving averages.





Date of entry: 10 March 2011
CPO - Long To Lock Profit
I longed to close the position at 3463 with a gain of 106 points after deducting 2 points for commissions. The dogi candle stick pattern with long tail for the high and the low indicating that the current plunge could be resting.

The Profit: RM2,650 (106points x RM25 x 1contract = RM2,650)

The balance of my account is RM21,075 after the profit of RM2,650.
(The details of my account is at My Future Trading Account Records 2011 )

Short To Close FKLI - Long Tail Means Uncertain

Date of entry: 7 March 2011
Long FKLI March 2011 Future Contract
I longed FKLI March 2011 future contract at 1518.5 for 3 contracts. It is a bullish engulfing candlestick pattern after touching the moving average (purple line).

Date of exit: 8 March 2011
Short To Close FKLI - Long Tail Means Uncertain
I shorted to close FKLI this morning at 1819.5 with a breakeven as the price did not maintain at the high after touching 1529 forming a candle stick with a long tail.Two long tail appeared in a series of the surge would mean a temporary consolidation. Stepping side and waiting seemed to be the only way.

Exited FKLI For 10 Points Profit Target

Date of entry: 2 March 2011
Long FKLI For 1 Contract Only
I longed 1 contract of FKLI March 2011 at 1493.5. I felt loosing the grip so I reduced the size to only 1 contract. FKLI like yesterday stayed slight above the moving average high.
Date of exit: 3 Feb 2011
Exited FKLI For 10 Points Profit Target
My 10 points profit target was reached at 1504.5. It is a consolation for me.

The Profit: RM500 (10points x RM50 x 1contract = RM500)

The balance of my account is RM15,350 after the profit of RM500.
(The details of my account is at My Future Trading Account Records 2011 )

Long And Close With A Loss OF 50 Points - FCPO

Date: 2 Feb 2011
I longed FCPO May future contract at the open at 3570 and shorted to close at 3520 which cost me 51 points for 1 contract. I admit that I was nervous and did not act correctly. I should hold on to the long till my stop loss level was hit but I did not. This is the price I am paying for not following my trading rules.

The Loss: RM1,275 (51points x RM50 x 1contract = RM1,275)

The balance of my account is RM18,425 after the loss of RM1,275.
(The details of my account is at My Future Trading Account Records 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 )

Short To Cut Loss At The Open - FKLI

Date of entry: 1 March 2011
Long FKLI March 2011 - Not A Comfortable Trade
I longed FKLI March 2011 future contract at 1495.5 for 3 contracts. It broke moving average low (blue green line) but still below moving average high (the pink line). I am not really comfortable with this trade as I am kind of against the trend (down trend). My stop loss is placed just in case the price goes against my position.

Date of exit: Feb 2011
Short To Cut Loss At The Open - FKLI
I shorted to close my position at the open at the price of 1487.5 with a loss of 9 points for each contract.

The Loss: RM1,350 (9points x RM50 x 3contract = RM1,350)

The balance of my account is RM15,750 after the loss of RM1,350.
(The details of my account is at My Future Trading Account Records 2011 )