20 Days after my 1st posting on FKLI (Follow Up)
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If you has been following my previous post, i stated that the support level will be 1580 and i been shorting future FKLI since the level of 1630 ++. The correction and pull back is expected after recent rally. Index value at RM 25 per tick and now , if you short at 1630 and today price is 1589, you been having a nice profit of 40 tick percontract. One contract will be worth RM 1000. A pretty nice profit for future traders who normally hold more than 2 contract on FKLI as the margin is cheap. I realize half of my position yesterday and will hold and see how the roll over price later ...
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Jia Jin 10X : May I know where can we short KLCI future?
mjbond OP : bro, you can't do here. have to open a derivatives account with broker such as philip capital, rhb , kenanga and cgs cimb. then you can short klci. hedger and speculator use this to arbitrage and hedge
101803485 : $MAYBANK (1155.MY)$