funtime

The road ahead (week8)

Last week is a big mess. I lost several thousand because of delayed action. And the system has gone long for me, when the market was lashing and goes short for me at the market lowest price ever.

Soybean has decreased from 1500 plus to below 1400. The reason for this is goldman( a fund was disposing their holding of long contracts. Also, estimate of yield was higher than expected for 3%.

In the previous blog I noticed that there might be disposing of funds, which happened last year. I thought it was a valuable information but since of the time constrain I didn’t dig it deep. And the market before disposing can be quiet confusing: the price would not fluctuate as usual, keep stable for several days and began to slump.

I got the lesson as well as some inspiration of long term operation. Every summer the price of  soybean and corn will reach to the peak price. It would be a good choice to hold short position when the price is high until mid of December.

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