Keeping the faith here – strategy has been right generally on these trades, just poor timing. Ah well, it happens. I am re-evaluating my entries, as they have not been serving me well over the past few months.
Tried the short side of the grains market with the short on mini-corn, and that worked out well. However not enough to counter the bearish move in sugar. It looks overdone, and I hate to sell sugar at 12 cents – I mean, we’re below the cost of production here.
Also keeping an eye on the meats. Looks like live cattle may be forming some sort of base here – we’ll see.
Cashed out: $15,000.00
Total value: $92,021.02
Weekly return: -5.3%
YTD return: 16.8%
***BTW, I usually “cash out” money just to pay for taxes, rent, and cheap beer. So total value is all pre-tax.