There was quite a bit of good that\u00a0occurred later in the week, especially with my strongly positive returns for the week. However, what I would like to focus more on is how much better I could have done this week had I followed through with one of my core values.<\/p>\n
First off, before getting into an update on my week in our investment game, I should tell you a little bit about my background in “investing.” I have completed the Canadian Securities Course, which is a basic requirement for working in the financial industry in Canada and gives you a small background into various elements of investing. However, outside of that, I have no other real experience most especially in commodities. On the other hand, I do have experience in an industry that I consider to be incredibly similar to the investing that we see here and that is in sports betting. I was not like the majority of betters who would simply select a winner as the most of my bets would be picking teams whose payouts would decrease and then picking the other team whose payouts would increase so as to\u00a0guarantee\u00a0myself money before the game ends. Essentially, this is the same as making a long or short position and then closing it as prices (payouts) changed in my favour. I have developed my own set of “core values” that I would follow and I believe that they should be\u00a0transferable\u00a0to investing and every week I hope to share them with you.<\/p>\n
So enough of my rambling. Let’s get into my idea of being the first to react. In the beginning parts of the week, I saw a little bit of movement up and down in my investments, but I saw the biggest loss on Wednesday when I decided to act upon the news of new austerity measures put out by EU nations, which would theoretically cause prices to fall in commodities market. This would be caused by a downward shift in the demand curve due to cuts in the budgets of the governments. However, I was over 5 hours late to react to the news and by the time I had gotten into the market on short positions in soybeans and wheat, it was too late. In fact, they had both begun to rebound and I lost approximately $1k. However, had I been quicker to react (approximately 1 hour after the news) I would have seen a gain of over $3k.<\/p>\n
Want to hear some stories that I have that led to this little value of mine? Then ask me to tell you in the comments!<\/p>\n
http:\/\/www.huffingtonpost.co.uk\/2012\/09\/26\/spain-riots-protesters-clash-riot-police_n_1915225.html?utm_hp_ref=uk<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" There was quite a bit of good that\u00a0occurred later in the week, especially with my strongly positive returns for the week. However, what I would like to focus more on is how much better I could have done this week … Continue reading