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.