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20 Days after my 1st posting on FKLI (Follow Up)

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mjbond wrote a column · Jun 20 20:26
20 Days after my 1st posting on FKLI (Follow Up)
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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Full-time trader for Crypto and Derivatives products. Moving from manual to Algo trading in 2024
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