<\/p>\n
| Date in<\/td>\n | Date out<\/td>\n | Initial position<\/td>\n | Offset Position<\/td>\n | Price in<\/td>\n | Price out<\/td>\n | Loss<\/td>\n<\/tr>\n |
| 2012-09-17<\/td>\n | 2012-09-19<\/td>\n | Long<\/td>\n | Short<\/td>\n | 671.75<\/td>\n | 664.25<\/td>\n | -376<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n This week, the first week of the trading game, it didn\u2019t go as well as I expected it to be. As this week was the first week, I was scared to start the trade commodity and wasn\u2019t sure how to play well. So, I just used basic knowledge of the trade to understand the game strategy first.\u00a0 I was initially in long position for corn in September, 2013. September is a corn-harvesting period therefore more amounts of corn are available and the price keeps going down during this period. I thought if I bought this crop in September at the cheaper price, I could resell it during winter, a non-harvesting period, at higher price.\u00a0 Then I could get some margin. However, for the trading game, I should do an offset if I wanted to cancel my initial position. I suppose to change my long position for corn in September, 2013 to short position for the same commodity in the same period. There was no way in reselling this September corn in December. As I held a long (buy) future position, I received a debit in my margin account because the settlement price decreased from the previous day and the market price kept declining.\u00a0 My misunderstanding of the definition of \u201coffset\u201d was the reason why I got the loss.<\/p>\n","protected":false},"excerpt":{"rendered":" Date in Date out Initial position Offset Position Price in Price out Loss 2012-09-17 2012-09-19 Long Short 671.75 664.25 -376 This week, the first week of the trading game, it didn\u2019t go as well as I expected it to … Continue reading |