What went right and what went wrong. Week 6

What went Right:

Here is the daily moving curve of Corn.  There is a Support line in $739 and pressure line in $770.  During the whole October, the price bounce between those two lines.

I follow the pattern in week. I get into the market at Wednesday and make another $3012 this week.  In the relative long term perspective,  the corn price is lack of support.   The trend is downward sloping.

Here is the weekly moving curve, the MACD index indicate market is already downward trend.  The next supporting line could be around $700.

What went Wrong:

This week, I overcome the problem of hesitation.  Besides that, I learn something from the trading Game. That is there is no need to trade everyday. The most efficient strategy is to enter into the market at the right time.

Before this week begin, I decide to go long on wheat. However, I did not enter into the market because the pattern of wheat price is gone. It is highly risky to go long on wheat for only Monday and Tuesday. However, the fact is wheat price move only slightly up.

I am luck for not enter into wheat market. However, the judgement of Last Week is wrong.

 

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