Short To Close FKLI

Date of entry: 20 June 2011
Long FKLI June Contract - A Break Up
I longed FKLI June 2011 Future Contract at 1559.5 for 2 contracts. A double break up could mean a continuation of up trend.

Date of exit: Same Day
Short To Close FKLI
I shorted to close the position at 1557 with a loss of 3.5 points with 1 point commission included. I am trying to minimize my loss. The moment the trend fails to continue, I exit the trade.

The Loss: RM350 (3.5points x RM50 x 2contracts = RM350)

The balance of my account is RM13,200 after the loss of RM350.
(The details of my account is at My Future Trading Account Records 2011 )