A week in Review
The goal for this week was to just not lose any more money but instead just to finish with a strong positive move. Overall I made some small gains for the week, this week with my current position I made an additional 5000. This was great it brought me closer to net zero but unfortunately I finish in the black for the trading game.
The good news it my lowest point in the game was Nov 8th and since then it has been nothing but gains +14500 in the past 10 days.
The week started off with a drop off last weeks close rally Tuesday and Wednesday for wheat and corn, then I made my gains as the market dropped Thursday and Friday.
Soybean which I hold currently no position is followed the same pattern as the other commodities this week.
Overall I found it difficult to recover from my losses from the first 4 weeks when there was such a dramatic series of price drops in mid October. The lack of movement made it difficult to make sizable gains and continuously move towards any direction on more of a weekly strategy.
Generally I enjoyed the game, I wish it could extend long now that I have a better understand of the market and the movements these 3 commodities will make.
Nicole!!!!! I’m gonna miss you! We have worked together with the Tech Analysis for almost three months. So great to have you with us to figure out what to do for our tech analysis. Seems if we have more time to play, you got a potential to pull your balance back to zero or even positive! +14500 is a huge amount! Good for you!
Hope I would grab another chance to work with you! Good luck with your coffee probject!
Hey Nicole, first of all i want to say nice working with you in the Technical Analysis group and also the 515 cases^^i hv the same feeling with u too. i hope tat the game can be longer since I want to get to know more about this game~~~but anyway we hv to finish our other project, presentation and final exams first^^we could still work with each other for this game through other tools (twitter and facebook):)
Anyway, good luck for your presentation next week!!!~
Nicole, thank you for sharing your thought!! just like you said, you sell all of them finally? hahaha
zoe