The first trade ended in a total lost of 1237.5 dollars. That’s terrible in the first trade! I would think the main reason was I didn’t follow the latest news.

My first trade began at last Tuesday – long a corn, because I predict that the price would go up. If price would go up, then I could get profit.

On the first and second day after I made the trade, things went as I though. The first day, price went up to 773.75 dollars, and 782 dollars the following day. I obtained about 487.5 as a profit. However, on the third day, since I was busy with looking for place on campus, I didn’t check news and ignore my account. When the forth day, the end of the week, I received two margin calls in total, which means I had continuous lost in the third and fourth day.

The main reason for big lost, as I mentioned above, is to ignore and forget about the account. I didn’t follow the latest news and index. Just predict a long trend but forget about the fluctuation on short term price.

The other reason is that I ignore about portfolio. Random shock and uncertainty always exist, if I could invest a portfolio, such as long a corn and short a wheat if I predict that wheat price would drop down, the lost could be lower.

Anyway, the first week is a new “try”. Since I didn’t invest in future in my home country, how to find useful resources and how to define a portfolio are challenges. I would mark myself as 75 in the past-week trade. I made a lost, but know more about how to purchase a future, and, more important, obtain the first experience to receive a margin call. 😛

Classmates, thanks for your reading and comments! Hope for suggestions! 🙂

I would carry some of my things to my new bedroom, the following two blogs would come today. So busy this week….But finally, would come back normal…Bless!