Last week, I did not do too much trading in this trading market. What I did is just took short for the futures that had brought me a decent income. Moreover, I started to adopt a long position to Wheat gradually, which had taken a tumble down during last weekends. At this time, I concern more about keep being profitable, rather than making the too much extra profit.
As usual, most of the knowledge of this market comes from learning from my classmates by this blog. Combining my experience, I do want to share some experience with this game.

from: http://www.sororitylyfe.com/gossip-girl-world-elite/
#1 We should not doing this game on impulse.

This scenario must be similar to some of our classmates: when you open Stock tracks, you suddenly find that the stuff you bought yesterday just experienced an unexpected going-down. At the same time, this is already your second time to confirm yourself that the futures would not go down anymore. However, the price just keeps going down and seems no signal to go up again.According to my observation, When this scenario happens, most of my classmates shorted all of them in a second to protect themselves from losing less money. The situation sometimes even goes much worse when another classmate sat right behind you told you he or she just made a 10% increase in profit by trading Coffee! No doubt, many of our friends followed this coffee guy to start to buy coffee, without considering whether it is a smart choice. At that moment, they already forgot the extremely high leverage in the futures market.
#2Trading game needs a strong heart and a peaceful mind.

It is hard to get through after experiencing a significant price avalanche. I would say just leave it alone, hope everyone just can do their own business normally and not being disturbed by the fluctuation in the short term. This kind of peaceful mood is important and hard to get. Just think about it. After your futures’ price back to the formal level, you would find it is useless to be upset due to this little game.

During the third week, the futures market was not peaceful, bring an earthquake to our little ranking list. Luckily, I took two strategies to save me from losing money, firstly, on the Monday of last week, I took the short positions to 16 units Oats March 2016 and half of my Oats Dec 2015, brought me a 8% increase in my total fortune. Moreover, after selling them, I distract a small part of my money into five kinds of different futures, avoiding the significant loss of my money when there is a price collapse of some particular agricultural commodity. Apparently, what I took last week is a defensive strategy.Although I just gain a little money from futures market (6.7% earnings), unexpectedly, my strategy was enough to let me take a rocket from the 32nd of the list to the 10th, which is a lovely proof to the saying ” To defence is the best way to attack”.
Moreover, by reading and learning from blogs this week of my classmates, I feel that most my classmates, no matter whether he or she is profitable, do not have an individual strategy in advance.I feel this is quite dangerous. For example, lots of them heart Coffee’s price went up then they just bought it on their phone in a second. More dangerously, some other guys tend to mistakenly and casually judge some certain points at a point of time is “the epic turning point” due to some “special” signs.At this stage, they tend to buy a thick volume to gamble boldly.In my opinion, it is hard, or even impossible to speculate exactly the fluctuation. Checking the stock website too frequently will also influence my heart mood, haha, so I better to choose to be a silent audience to market.
Look forward to the new week, lets see what’s more we can learn.
Puhang

After the first week of FRE520 Lab, I think I have got the most fundamental understanding of futures market from my exploration on this Stocktrak website and our guide’s brief introduction.

In my humble opinion, I feel the world financial market is unstable, preparing to going a new low position at any time. Moreover, it is really impossible to predict how much it will go up or go down during one day or a short term. Therefore, for now, I would prefer to just watch and do nothing if I really had 100 thousand bucks. However, we have to make a deal since the lab requirement and it doesn’t matter whether we are profitable or not, so I finally decide to buy Oats. The reason why I choose oats is that it is staying at a relatively low price both from the point of this year or this month. I bought it for just one unit on Thursday, when it dropped from 2.26 to 2.24 then I bought it again for 3 units when it went down to 2.20.My average cost for Oats is 2.21,and the current price of it is at 2.14.

For the upcoming new weeks, I need to learn more from my classmates to make up this gap.