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