The second week
After the second week, I have learnt a lot about this trading system, I made so many big mistakes that even brought me to the 33rd on the ranking list.
The first mistake I made is I casually concluded that the price of futures of oats would start to go up together simply by seeing a simple increase in one day. Secondly, what made me lost a lot of a lot more money is I wrongly thought that the price of oats futures will go together.Like the picture that is the snapshot I took on Wednesday day below:

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the price of oats delivering in December this year saw a slight increase(0.56%). However, the price for March next year suffered a massive decrease(-1.34%).Moreover, unfortunately, I bought the March oats for 16 units, which is the largest transaction units I had ever made! Because I was not familiar with this system, I always used the “market price” button to decide my bids. Therefore, I bought 16 units at the highest price of Wednesday (at 2.29).Unexpectedly, it declined to 2.23 when the future markets closed.However, after I suddenly found my bids was extremely high then I inquired my friends then I finally know that there are an upper limit and lower limit I can set and input inside the purchasing menu.
The brand new plan for an upcoming new week.
Firstly, I will sell my futures of oats for March next years once it becomes profitable.If it goes down, then I will just reduce a part of them or leave it alone because I want to reduce the risks for it.Secondly, if I will try to new strategy for buying different kinds of agriculture futures for small quantities separately.
By the way, luckily, for now, my account becomes profitable.Looking forward to new trade game in the new week and I will inquire my friends more.

2 thoughts on “The mistakes i made and new strategy for next week!

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