What I went right ?
Based on my last week’s analysis. The huge demand from the market would raise up the world price of crops. Therefore this week I chose to hold long positions on wheat, corn and ‘crazy crop’-soybeans before the coming of harvest time. It turned out to be a right decision, because I earned around 5000 dollars. Here is my account information:
|
Time |
Contract |
Quantity |
Type |
Position |
| From Oct.16th to Oct 18th |
W3K |
1 |
Market |
LONG |
|
S3N |
2 |
Market |
LONG |
|
|
C4N |
1 |
Market |
LONG |
|
|
On Oct. 19th |
W3K |
1 |
Market |
SHORT |
|
S3N |
2 |
Market |
SHORT |
|
|
C4N |
1 |
Market |
SHORT |
Daily Price Change
| Contract Date |
W3K
|
S3N |
C4N |
| Beginning balance from 10-15-2012, Position Value: $0.00 Cash Available: $37773.84 Equity: $37773.84
Realized Gains: $-2227.50 |
|||
|
Oct. 15th Pice-in |
864.00 |
1424.00 |
641.00 |
|
Oct. 16th |
864.00 |
1424.00 |
641.00 |
|
Oct. 17th |
871.75 |
1434.75 |
642.75 |
|
Oct. 18th |
884.25 |
1461.25 |
650.75 |
|
Oct. 19th |
Offset all contracts I know the increasing trend will stop sometime and lasts for a while, but it is hard to predict the particular time. So when I noticed a big increase in price, which lasts for three days. I chose to offset all contracts. Luckily, there was a negative change next day. Therefore I thought I made a right decision. |
||
|
Ending balance as of 10-19-2012, Position Value: $0.00 Cash Available: $41957.51 Equity: $41957.51 Realized Gains: $1956.00 |
|||
Congratulations! It defiantly feels good to start figuring this game out. I made consistent losses for weeks before I made any sort of strategic wins. Keep up the good work!
Thanks, I am looking forward to your good news!!!!!