Weekly Futures Positions Review – November 30, 2008

Weekly Futures Positions Review – November 30, 2008

Top posts from the past week:

A review of my futures trades from the previous week:

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…and it looks like these commodities are at least starting to form a bottom, at last:

  • Sugar
  • Coffee
  • Natural Gas
  • Silver

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 1.5371 $9,368.75
11/26/08 Long 1 MAR 09 Cotton 46.42 48.00 $790.00
Net Profit/Loss On Open Positions $10,158.75

Account Balances

Current Cash Balance $39,577.74
Open Trade Equity $10,158.75
Total Equity $49,736.49
Long Option Value $0.00
Short Option Value $0.00
Net Liquidating Value $49,736.49

Cashed out: $20,000.00
Total value: $69,736.49
Weekly return: -4.1%
YTD return: -9.4%

***”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.