{"id":4,"date":"2013-09-20T19:36:55","date_gmt":"2013-09-21T02:36:55","guid":{"rendered":"https:\/\/blogs.ubc.ca\/darkcloud\/?p=4"},"modified":"2013-09-20T22:46:14","modified_gmt":"2013-09-21T05:46:14","slug":"my-first-trading","status":"publish","type":"post","link":"https:\/\/blogs.ubc.ca\/darkcloud\/2013\/09\/20\/my-first-trading\/","title":{"rendered":"My first trading"},"content":{"rendered":"

As a newcomer for the future market, this simulation trading game is a unique instructing method to gain the knowledge of future trading, as well as the trend of future price regarding corn and soybean.<\/p>\n

While I have never touched future market before, I had the confidence in making a \u00a0positive profit by the\u00a0fundamental\u00a0rule: Buy low, sell high. Hence, I made several research on the analysis about the soybean’s and corn’s price,which are made by the reliable financial website.<\/p>\n

Here is the chart showing the changing of soybean’s price:<\/p>\n

\"\"<\/a><\/p>\n

(Derived from Yahoo! Finance, http:\/\/finance.yahoo.com\/echarts?s=SX13.CBT+Interactive#symbol=sx13.cbt;range=5d;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;<\/a>)<\/p>\n

As the graph showing, on Sep. 19, there was a dramatic decrease of future price from 1360 to 1330\u00a0approximately. Therefore, I expected the price to rebound in the following days. Basing on this\u00a0exception, I chose to take a long position on the soybean future contract and reap the benefit of the rising price. Therefore, I chose to purchase one unit of soybean.<\/p>\n

However, on Sep. 20, the price of soybean has no significant increase. I\u00a0forecast\u00a0 that there will be a remarkable jump in the future.<\/p>\n

In terms of corn, \u00a0several articles, from CME Group, state corn market will recap in the foreseeing future.(CME Group\u00a0http:\/\/www.cmegroup.com\/education\/market-commentary\/ag\/2013\/09\/recap-corn_14093.html<\/a>). Therefore, in order to reap the benefit due to the rising price, I took the long position in corn future contract. Although I suffered a little loss in this week, I still have the confidence in the long-term return.<\/p>\n

Hope the future price of corn and soybean will change as expected.<\/p>\n

Good luck and look forward to my\u00a0portfolio performance in\u00a0next week<\/p>\n

 <\/p>\n

 <\/p>\n

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

As a newcomer for the future market, this simulation trading game is a unique instructing method to gain the knowledge of future trading, as well as the trend of future price regarding corn and soybean. While I have never touched … 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-4","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/darkcloud\/wp-json\/wp\/v2\/posts\/4","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=4"}],"version-history":[{"count":11,"href":"https:\/\/blogs.ubc.ca\/darkcloud\/wp-json\/wp\/v2\/posts\/4\/revisions"}],"predecessor-version":[{"id":13,"href":"https:\/\/blogs.ubc.ca\/darkcloud\/wp-json\/wp\/v2\/posts\/4\/revisions\/13"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/darkcloud\/wp-json\/wp\/v2\/media?parent=4"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/darkcloud\/wp-json\/wp\/v2\/categories?post=4"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/darkcloud\/wp-json\/wp\/v2\/tags?post=4"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}