Wednesday, May 4, 2011

Close FKLI Short Position For Small Profit


Date of entry: 4 May 2011
Shorted FKLI May 2011 Future Contract
I initiated short position of FKLI May 2011 Future Contract at 1520.5 for 2 contracts. It is a sell down.

>Date of exit: Same Day
Close FKLI Short Position For Small Profit
I exited FKLI Short Position at 1515.5 for 4 points gain of each contract after deducting 1 point for commission. The formation of bullish candle could mean a temporary resting of down trend.
I maybe wrong but one thing is confirmed; My Little Profit : )

The Profit: RM400 (4points x RM50 x 2contract = RM400)

The balance of my account is RM12,700 after the profit of RM400.
(The details of my account is at My Future Trading Account Records 2011 )
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4 comments:

  1. AnonymousMay 4, 2011 at 4:18 PM

    Hello sir,

    Perhaps you could create a chatbox so that your readers could exchange trading ideas with you. :)

    ReplyDelete
  2. AbelMay 4, 2011 at 4:26 PM

    Hi,

    Sounds like a good idea. I will look into it.


    Thanks

    Abel

    ReplyDelete
  3. AnonymousMay 5, 2011 at 4:35 AM

    Interesting read by someone who oversees $107 Billion fund.. Jeremy Grantham...enjoy.. lenghcai6

    http://moneywatch.bnet.com/economic-news/blog/macro-view/the-mother-of-all-price-signals-is-upon-us-says-investor-jeremy-grantham/3436/

    ReplyDelete
  4. AbelMay 5, 2011 at 12:33 PM

    Hi Lengchai6,

    Nice article. It will allow us to rethink of our life.


    Thanks

    Abel

    ReplyDelete

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