FKLI - Exit On Stop Loss Hit

Date of entry: 3 Nov 2010
Long FKLI - Potential Continuation Of Trend
I initiated long position of FKLI Nov 2010 future contract at 1513.5 for 2 contracts. It could be a continuation of the up trend since the price maintained well above moving averages. It will be pretty if the price could close at the high and form bullish engulfing candlestick pattern.

Date of exit1: Same Day
Exit Half FKLI - Looks Sideway
I exited 1 contract at 1512.5 at a loss of 2 points since the price did not continue. The long tail of white candle does not look pretty. This could be a sideway market.(2points x RM50 = RM100)

Date of reentry: 4 Nov 2010
FKLI - Add On Long Position
I reentered the market at 1517 for 1 contract.

Date of exit: 8 Oct 2010
FKLI - Exit On Stop Loss Hit
My position was stopped out again at 1517.5 for both contracts;

Trade 1) 1512.5 - 1513.5 - 1 = -2 points
Trade 2) 1517.5 - 1513.5 - 1 = 3 points
Trade 3) 1517.5 - 1517.5 - 1 = -0.5 points
With the total gain of 0.5 points = profit of RM25 only
I am in the process of retuning my stop loss strategy till then I will still use my usual stop loss method which is quite sensitive.

The balance of my account is RM 30,625 after the profit of RM 25
(The details of my account is at My Future Trading Account Records 2010 )