{"id":112,"date":"2013-10-24T23:35:31","date_gmt":"2013-10-25T06:35:31","guid":{"rendered":"https:\/\/blogs.ubc.ca\/darkcloud\/?p=112"},"modified":"2013-10-25T16:43:42","modified_gmt":"2013-10-25T23:43:42","slug":"final-trade","status":"publish","type":"post","link":"https:\/\/blogs.ubc.ca\/darkcloud\/2013\/10\/24\/final-trade\/","title":{"rendered":"Final Trade"},"content":{"rendered":"

As I forecasted last week, soybeans and corn rose sharply this week. My open positions approached to breakeven.<\/p>\n

Soybeans: Paid price 13.1475 VS Last Price this week 13.0925<\/p>\n

Corn:Paid price 4.5325 VS Last Price this week 4.405<\/p>\n

Soybeans and Corn had been declined continuously after a huge slump at the beginning of October. My lack of knowledge and risk-loving in the futures market resulted in a\u00a0tremendous returns immediately. As a risk-lover in the beginning of trading game, I insist my own belief ” buy large amount of futures at low price \u00a0and sell high price on the basis of my forecast in a short time” in order to pursue a quick returns. After suffering a huge loss, I thought sustainable investment ( Hedging has the smallest risk) is a better method to survive in the\u00a0competitive futures market<\/p>\n

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 <\/p>\n

Decision and Prospective \u00a0Analysis:<\/strong><\/p>\n

Corn:<\/p>\n

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 <\/p>\n

 <\/p>\n

Soybeans:<\/p>\n

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I did not do any\u00a0transaction \u00a0this week because of upward trend in soybeans as I expected last week. It is a good opportunity for me to remain the quantities of soybeans so that I achieve breakeven immediately in the near future. According to Bloomberg news, soybeans and corn will rise persistently on account of improving demand for both futures. This news was a sign to tell me that soybeans and corn may reach to peak in the next week. The harvest of soybeans and corn will be end at Nov. This another sign tell me that those futures will approach to\u00a0zenith before next harvest season. Therefore, waiting for zenith is only way for me now.<\/p>\n

News about Soybeans and Corn:<\/p>\n

Soybean, Corn Futures Rise on Improving Demand; Wheat Advances<\/a><\/h1>\n

Portolio Summary from positive to negative:<\/strong><\/p>\n

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 <\/p>\n

I enjoyed a 2.25% returns on Sep 27. I think I am a good trader in the trading game. However, I suffered -39.75% returns unpredictably on Oct 1st after\u00a0unanticipated news posted. I suddenly suffered a trap which induce me hardly to adjust my negative returns situation. Then I continued to encounter -42.04% \u00a0returns on Oct 10.\u00a0I have suffered -22.07% returns on my last week`s portfoilo. This week`s portfoilo begun to rebound slowly (-14.43%). It is a connotation that my portfoilo will achieve breakeven soon becasue of 7.64% increase .<\/p>\n

Lessons from this week:<\/strong><\/p>\n

According to \u201cThe Art of War” , it said that enemy does not move and I do not move. I think this ancient maxim can be used in the futures market. The fluctuation of futures represents the enemy of\u00a0speculators which enable us to lose or gain money. If\u00a0\u00a0fluctuation of futures do not change\u00a0enormously, the method for traders is on standby. When\u00a0fluctuation of futures, it is a good chance for different traders to gain or loss.<\/p>\n

Happy Halloween~<\/p>\n","protected":false},"excerpt":{"rendered":"

As I forecasted last week, soybeans and corn rose sharply this week. My open positions approached to breakeven. Soybeans: Paid price 13.1475 VS Last Price this week 13.0925 Corn:Paid price 4.5325 VS Last Price this week 4.405 Soybeans and Corn … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":19838,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-112","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/darkcloud\/wp-json\/wp\/v2\/posts\/112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.ubc.ca\/darkcloud\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.ubc.ca\/darkcloud\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/darkcloud\/wp-json\/wp\/v2\/users\/19838"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/darkcloud\/wp-json\/wp\/v2\/comments?post=112"}],"version-history":[{"count":12,"href":"https:\/\/blogs.ubc.ca\/darkcloud\/wp-json\/wp\/v2\/posts\/112\/revisions"}],"predecessor-version":[{"id":132,"href":"https:\/\/blogs.ubc.ca\/darkcloud\/wp-json\/wp\/v2\/posts\/112\/revisions\/132"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/darkcloud\/wp-json\/wp\/v2\/media?parent=112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/darkcloud\/wp-json\/wp\/v2\/categories?post=112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/darkcloud\/wp-json\/wp\/v2\/tags?post=112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}