Top posts from the past week:
- Japan Calls for Treasury Bonds Denominated in Yen
- Jim Rogers: Bonds will be a terrible investment for next 10, 20 years
- Three News Highlights for Gold Investors
A review of my futures trades from the previous week:
- No trades last week! The semi-vacation from the markets continues. And why not – these markets are too tough to trade, at least for a hack like me.
Other existing positions I’ve got:
- Short the British Pound – Last time I shorted the British Pound, it turned out to be a quite profitable trade. I plan to hold this position until the GBP hits a 15-day high against the US dollar.
My wish list (waiting for an uptrend…and we could be waiting for awhile):
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 | 1.4909 | $12,256.25 |
| Net Profit/Loss On Open Positions | $12,256.25 | ||||||
Account Balances
| Current Cash Balance | $39,595.05 |
| Open Trade Equity | $12,256.25 |
| Total Equity | $51,851.30 |
| Long Option Value | $0.00 |
| Short Option Value | $0.00 |
| Net Liquidating Value | $51,851.30 |
Cashed out: $20,000.00
Total value: $71,851.30
Weekly return: -2.1%
YTD return: -6.5%
***”Cash out” mostly means taxes, but lately I’ve also been using it for living expenses, and also to finance a bitchin’ time management software startup that is starting to lift off.
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