First Trading experience

Hi everybody!

Last week was my first week trading.

At the begining it was weird for me to understand how this market works…but now it makes sence for me. I feel quiet excited because I started winning today..instead in ranking I was loosing when the market close.

I went long with four contracts, bought two contracts of wheat and two contracts of maize, for december 2015 and 2016 respectively.  I decided to bought those commodities after checking the web page of nasdaq commodity prices for the last 4 months and last week prices so I can have a general idea about prices in the global market. Today the wheat price increase so I went short and selled it. Win a little bit of money.

For maize prices, I checked  Barchart web page (http://www.barchart.com/commodityfutures/Corn_Futures/ZCN0) and realize that prices have been going down in the last few days, however the trend of the last 4 months is upward so I took the risk and bougth the contracts. Today prices start increasing little bit, so I will keep it until I can get a better profit.

At this´point I am recovering and my position is 14 in the class. Yesterday I was 24 so I think I am doing well. What I have learnt this first week is to be always alert of the prices in the market so I cant loose good oportunities!.

Vilma

 

 

 

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