Did u need to specify on the date if u short/long in FKLI?

Here's an example:

You: Hello, what's the bid/ask on Sept 08 FKLI?

Me: Bid;1033, Ask:1033.5.

You: OK, short/long #number of lots at market (or limit)

Me: OK done (means the trade is done if at market; i repeat the order)

However, if the client hesistate, we will have to requote the client and see if the client wants to proceed from there.

Here we go for the 3 digit.
2 years of upside bull run now down into the drain for KLCI.

Global equities market still under pressure after Lehman report.

LOL! You should see all the remiser here Cherroy, all pergi minum kopi at 10 am.

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Added on September 11, 2008, 10:39 amDangerous time for investors to invest in Malaysia, especially after PM admitted that race relations are not at a healthy level.
http://thestar.com.my/news/story.asp?file=...0211&sec=nation

This post has been edited by AdamG1981: Sep 11 2008, 10:39 AM

erm.... still dun understand on the whole procedure & how can some1 make $$ in FKLI
let's say 2day is 11th Sept..... u short 1033 on tomorrow? & what's Bid/ask? sorry ya? dun understand how a future contract works....


btw, PANAMY suspended 2day?

Norm only mah
That's why they proposed to shorten trading time.

If in office, you will see many playing games as well. May be can play some LAN games together also. Hehe.

Today i short 1 lot of FKLI Sept 08 @ 1033; and i hope to buy back FKLI Sept 08 @ 1000 points.

The difference is 1033 - 1000 = 33 points

33 points x 50 = 1150 ringgit

Bid is the price a buyer will buy at

Ask is the price the seller will sell at

No lah, just no transaction.

The trading is identical to normal shares, but futures contract will be expired at the end of their month. So September contract will be traded until the last day of the September then it will expire and settled which you make the differentiate of it.

haha my dad is one of them who drink tea on that time......say boring and he has get board with he job after so long working in this line

I guess remisiers has their boom time too, so during that time they must have reserved a portion of their earnings for these slow times. Unless they have no control or overtrade.

Wow, painfully bleeding for CI. IT's a misery to watch CI every day.

Currently futures trading @ 1028.5/Bid 1029.5/Ask



This post has been edited by AdamG1981: Sep 11 2008, 11:11 AM

I drink tea whole day la,not just 10am....

My peers many of them drink gosong ping ,no tea .

This post has been edited by lklatmy: Sep 11 2008, 11:17 AM

Can i join you guys?

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Added on September 11, 2008, 11:23 amFKLI 1027.5 NEW intraday low.

And this is not yet Sept 16...

This post has been edited by AdamG1981: Sep 11 2008, 11:23 AM

today is 11th wor.... how can u short something in the past?
so let's say if u are not able to buy back at the price lower than 1033, u'll make loss?

Guys, thanks for the explanation..... my remisier dun have patience explaining all these to me

Lai Lai Lai!!!!

September is current spot month, it will be traded until 31st September. Then expired and settled (settlement price is based on last half hours of average price based on cash market (KLCI).

Yes, trading is about making money through differentiate in price.

Thank you!

Basically the main principle:

Long = Buy low Sell high

Short = Sell high , buy low

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Added on September 11, 2008, 11:34 amEPF takde rescue CI ke?


This post has been edited by AdamG1981: Sep 11 2008, 11:34 AM

Hi,

Just curious to know more about the FKLI.
Let us say that end of september the KLCI is 1010 points. If u buy 1 lot of contract in FKLI at 1030 points. How much have u made from there ? Are they looking at the cash market to do the calculation or vice versa ?

Second, What is long and short ? Any given example,I'm just a noob.

If i buy one lot at 1030, i lose 20 points if futures market settle at 1010; similar to cash market @ the end of the month. Each point is 50 ringgit. 20 points wil be RM1000 loss

If i sell one lot at 1030, i win 20 points if futures market settle at 1010; similar to cash market @ the end of the month. Gain: RM 1000

Long means you buy and sell at a later day for a higher price.

Short means you sell and buy at a later day for a lower price.

Then you lose 20 points.

1 point = Rm50 so you lose 1K + commission (commission is Rm25 per transaction, settlement fee = RM1)

So total loss = Rm1,026

Yes cash market is the settlement target, by using last half hour of average. There is specific FKLI thread which can google upon the details.

Long = buy first
Short = sell first