Top posts from the past week:
- Should the Big Three Be Allowed to Fail?
- How to Determine a Market’s Trend
- Gold Buyers Smash Records
- More Downside for the Dow Could Be Ahead
A review of my futures trades from the previous week:
- Covered my cotton position. It appears I may have been too early in going long cotton, so I have closed this position and will watch from the sidelines for now. I reflected on Friday that it was not wise to jump into this trade while the longer term trend remains down.
Other existing positions I’ve got:
- Short the British Pound – I plan to hold this position until the GBP hits a 15-day high against the US dollar.
My wish list…and it looks like these commodities are at least starting to form a bottom, at last:
- Sugar
- Coffee
- Cotton
- Natural Gas
- Silver
- Crude Oil
Open positions
| Date | Position | Qty | Month/Yr | Contract | Entry Price | Last Price | Profit/Loss |
|---|---|---|---|---|---|---|---|
| 10/10/08 | Short | 1 | DEC 08 | British Pound | 1.6870 | 1.4742 | $13,300.00 |
| Net Profit/Loss On Open Positions | $13,300.00 | ||||||
Account Balances
| Current Cash Balance | $37,270.43 |
| Open Trade Equity | $13,300.00 |
| Total Equity | $50,570.43 |
| Long Option Value | $0.00 |
| Short Option Value | $0.00 |
| Net Liquidating Value | $50,570.43 |
Cashed out: $20,000.00
Total value: $70,570.43
Weekly return: 1.7%
YTD return: -8.3%
***”Cash out” mostly means taxes, but lately I’ve also been using it for living expenses, and also to finance a cool new time management software startup that is starting to lift off.
Recent Comments