Better to be lucky than good – my accidental rice short on my exit ended up being a very nice trade. Looking back I covered too early, but oh well…lucky entry anyway, I was scared of being too greedy.
Not much doing now – commodities are pretty much experiencing a correction across the board. Yen and Swiss Franc are back in the tank. We’ll have some good buying opps when the next leg up resumes, but best to keep everything light for right now.
Corn and meat are my two favorites – it looks like some serious supply issues will be shaping up soon in the meats, due to the high cost of the grains.
|Current Cash Balance||$113,330.67|
|Open Trade Equity||$1,200.00|
|Long Option Value||$0.00|
|Short Option Value||$0.00|
|Net Liquidating Value||$114,530.67|
Cashed out: $10,000.00
Total value: $124,530.67
Weekly return: 4.5%
YTD return: 60.5%
***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.