You know, I wish I had something interesting or insightful to say. Last week sucked, and I’m just glad to be out of my losing positions (silver – ouch, pork bellies – rallied since, of course).
Did a bit of thinking, and it’s probably time I start following my own advice. Keep position sizes manageable, and just play the long term trends. Large position sizing has me jumping in and out of things too often – and I’m just getting chopped to hell by the volatility of it. I love the prospects of meat over the next year, and need to just keep things manageable so that I can stay in this trade.
In the meantime I’ll continue to keep an eye on the softs (sugar, coffee, cotton in particular) to see when things look closer to a breakout.
| Open Positions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Account Balances | |
| Current Cash Balance | $94,414.89 |
| Open Trade Equity | $1,070.00 |
| Total Equity | $95,484.89 |
| Long Option Value | $0.00 |
| Short Option Value | $0.00 |
| Net Liquidating Value | $95,484.89 |
Cashed out: $15,000.00
Total value: $110,484.89
Weekly return: -9.4% <------- This is not good. C'mon man, get your head outta yer ass!
YTD return: 41.6%
***BTW, I usually “cash out” money just to pay for taxes, rent, and cheap beer. So total value is all pre-tax.
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