Last week, Soybeans[i] rose the most in five weeks on signs that demand is increasing for supplies from the U.S., the world’s biggest grower and exporter. It’s lucky I capture the gain last week.
However, though the report higher demand of soybean, it was in the last week. The market has reacted to the new. Plus, we are transact in short periods, technique analysis would be more important. Compare to the history price, I believe the price is sure to go down in the coming week. So, in the next day, I will go short with corn for 2 more contract and also go short with soybean.
Besides, I found a trick in the Tradesim: if we transact out the trading time of system, the system will lag it until at the end of the next trading day. However, if we transact within trading time, it will execute half an hour later. Hence, if anyone wants to get order timely, don’t place the order the day before and hope system will execute it when trading opens. Do it during the trading time!!
Good luck, every one!
[i] http://www.bloomberg.com/news/2012-10-18/grains-soybeans-climb-as-supply-set-to-fall-after-u-s-harvest.html
Tags: 3 Comments
3 responses so far ↓
Hi Amber,
Thanks for sharing your strategy. Great work! Just want to let you know that TradeSim operates only during the market hour. Your trade is based on the Chicago Board of Trade (CBOT) and the market hour is from 9:30 am to 2 pm. So if you place an order after 2 pm, the order will get executed on a next business day. However, other students have noted a delayed order even if they place an order during the market hour. We are aware of this issue and investigating it. Hopefully this doesn’t cause trouble your trading. If you have any questions regarding it, please do not hesitate contacting me.
Looking forward to see your next blogging.
Yijeong
thanks you yejong. the missing cool resource. i know that.
it because, recently i was doing technical analysis base on things l learnt in undergraduate, so not so much investigation on market information( bloomerberg and aremoney are pretty have much everything on them).
thanks for noticing me. maybe i will share something about technical analysis website as well.
I’d like to remind that you’re missing “Cool Source of Info”.