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.
|Current Cash Balance||$109,123.09|
|Open Trade Equity||($1,740.00)|
|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.