Date of entry: 1 Sept 2010
Long FKLI Again - Potential Continuatiioin Of Trend
I longed FKLI Sept 2010 Future Contract again at 1435 for 2 contracts. There is high chance of continuation of trend since the price stays well above moving average. It is hard to long after I have just loss my long position.
Date of Exit: 3 Sept 2010
Not Again Please!! Correction Hit My Stop Loss
The price just can not continue the up trend and hit my stop loss level at 1432.5 with a loss of 3.5 for each contract including 1 point for commission.
My account shrinks with 2 consecutive losses both for FCPO and FKLI. Tough Day For Me!
The balance of my account is RM 24,600 after the loss of RM 350 (3.5points x RM50 x2contracts = RM350) (The details of my account is at My Future Trading Account Records 2010 )
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