Hell, I really took it on the chin last week, particularly toward the end of the week. I wasn’t sure what to do – so I figured when in doubt, get out! Nothing seemed to be acting well – corn especially appears to be a disappointment. I’d rather sit on the sidelines and reevaluate, rather than do anything stupid based on emotions.
I’m comfortable enough with these position sizes to be able to withstand some volatility. I still believe in the bullish case for meats, and want to make sure I’m around and in the game for the upcoming rally.
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| Account Balances | |
| Current Cash Balance | $109,123.09 |
| Open Trade Equity | ($1,740.00) |
| Total Equity | $107,383.09 |
| Long Option Value | $0.00 |
| Short Option Value | $0.00 |
| Net Liquidating Value | $107,383.09 |
Cashed out: $10,000.00
Total value: $117,383.09
Weekly return: -9.6%
YTD return: 50.9%
***BTW, I usually “cash out” money just to pay taxes. So total value is all pre-tax. Going forward, I’ll be cashing out to pay for rent and beer also.
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