Dow Jones made some advancement last night, so expect FKLI to open up a little. The momentum is still strong and market supported, one can attempt to Long around 2 points below the opening price for the first trade.
Normally i wouldn't let my position drift so far against me, maximum would be 6 points. But since you are in this position, the best thing i would do is to cut it off at around 1645-1640, but also set a higher cut loss like 1660. I don't think the markets will fall back to 1620 in a month's time, and now looking at Ajib's perks, he is likely to stretch his term and call election only after giving away the BR1M and etc..
Is there any possiblity of FKLI dropping below 1600 points?
ReplyDeleteThank you.
Not likely until the election is called
ReplyDeleteI'm holding 20 Lots (SHORT) for spot month of October average at 1620 point, what is the most appropriate action for me to take now?
ReplyDeleteThank you.
Normally i wouldn't let my position drift so far against me, maximum would be 6 points. But since you are in this position, the best thing i would do is to cut it off at around 1645-1640, but also set a higher cut loss like 1660. I don't think the markets will fall back to 1620 in a month's time, and now looking at Ajib's perks, he is likely to stretch his term and call election only after giving away the BR1M and etc..
ReplyDelete