Another tough one – got to put it in the past, though. Facts are, this system works great when futures are going up, and not so great when they are going sideways/down. And lately, I just haven’t been in the particular futures that are going up (oil looked nuts at $110 – who would have thoughts we’d see almost $150 so soon!)
Live Cattle Futures
Keeping the faith – I’ve been stopped out of most of my live cattle positions. Still like these a lot in the medium/long term, but have to respect the market. Will look to build these up again on strength. These were slightly disappointing, but I may have gotten into these a bit too late.
Oil has gone up 12x, from $12 to $144, over the last 10 years. Sugar is sitting at 13 cents, up from a multi-decade low of 5 cents. It’s going higher, much higher, at some point in the next 5-10 years.
What a giant turd cotton has been for the last two years! Still, I think this turd will have it’s day. Who the hell is still planting cotton with $7 corn and $15 beans???
|Current Cash Balance||$85,756.63|
|Open Trade Equity||($4,455.80)|
|Long Option Value||$0.00|
|Short Option Value||$0.00|
|Net Liquidating Value||$81,300.83|
Cashed out: $15,000.00
Total value: $96,300.83
Weekly return: -7.5%
YTD return: 22.6%
***BTW, I usually “cash out” money just to pay for taxes, rent, and cheap beer. So total value is all pre-tax.