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