A nice little week – good to be back in the win column. Things cooled off later in the week for me, mostly as wheat plummeted in late trading hours Friday morning. However cattle ended the week very strong, which was great to see.
My new policy of watching the charts, rather than my account, helped me keep my zen about me. I’d recommend this to anyone who feels a pit in your stomach watching big $$$ evaporate by the minute. Better to calculate your position sizes, then put the position on, and detach yourself from it.
On a personal note, I had set a stretch goal of doubling my account during the first half of the year. Then I would have the second half of the year to double it again, and if I came close, then poof – I’d have some degree of financial autonomy.
Unfortunately it didn’t happen, though there were some very promising moments (esp. the rocket start early in the year). However can’t complain at all about 38% YTD. I’m looking forward to the 2nd half of the year, as I think cattle, sugar, cotton, and coffee all have rally potential. That doesn’t mean it will happen, but it’s worth keeping an eye on and a toe in the water.
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| Account Balances | |
| Current Cash Balance | $85,663.00 |
| Open Trade Equity | $7,149.25 |
| Total Equity | $92,812.25 |
| Long Option Value | $0.00 |
| Short Option Value | $0.00 |
| Net Liquidating Value | $92,812.25 |
Cashed out: $15,000.00
Total value: $107,812.25
Weekly return: 2.9%
YTD return: 38.0%
***BTW, I usually “cash out” money just to pay for taxes, rent, and cheap beer. So total value is all pre-tax.
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