Fourth Week Comodity Trading

This last week was not my week. After being in a very good position in the general ranking, I felt to position number 7.

Firstable, the prices of all the comodities I was long, as orange juice, lumber, cattle, and oats fell sharply from one day to other.

On thursday night I went long in 10 contracts of sugar because the forecasts were positive. However, in one night all the prices felt down and I lost almost 15% of my earnings.

On friday morning my profit was 11% of 25%. My strategy there was to go short in all the contracts.

By that time it was imposible to buy any comodity because all prices were going down. I checked the reports of nasdaq, barchart and the forecasting were very similar. At this moment I have bought some oats contracts so my profit stay stable but I am wining just a little percentage.

 

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