Action 20090821: Short FKLI Aug 2009 at 1154 (Intra Day)

(I am recording my trading. The followings are my trading actions and records. As good traders, we should keep a good records of all the details like points of entries, reasons of the actioin;long and short, stop loss levels, profits and loss and commands etc. )

Date: 21 August 2009
Action: Short FKLI Aug 2009 Contract
Shorted Price: 1154 and long to close at 1158.50
Volume: 2 contracts
Reason To Long:
1) Price went below the moving average low (10 days) in green line
Loss: RM 550 ( 1154 - 1158.50 - 1 = 5.5 )
Comment:
I shorted at 1154 when price hit below the moving average low (green line) but it failed to stay at the low. Instead, the price came back up and I closed my position 30 minutes before market close thinking that there is no need to hold over weekend when the price was at the sideway.
I have RM 38,775 as deposit and now RM 38,225 after the loss of RM 550
Please refer to My Future Trading Account Records: http://www.bullsa.com/2009/06/my-future-trading-account-records.html