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what went right/wrong week5

October 21st, 2012 by amberzhang

The balance of this week

 

this is this week’s transactions,ending with a gain of 3000.

During the last weekend i went short with both soybean and corns. however,when i found that the corn and soybean price is declining sharply in the morning of monday, i closed soybean and switch to long soon, before it occures any loss. So you can see the – 501 above, not such a big loss. soybean price continues to rise  in the following week turns out i was right.

What i went wrong is that i didn’t close the corn contracts the same time i close the soybean contract, stupidily hope it went another way.  but never mind i will hang in there, i believe the current price is too high, corn price will drop soon, it’s just a matter of time.

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