And stronger than ever!
It’s been awhile since the last post – I freaked out when my account started to tank soon after I started this blog. But now I’m back testing the financial gods again.
Won’t dwell on the past too much, but the account had dipped all the way down to $7K and I had received a margin call. So moving forward, I’m trying not to leverage up too much – trying to stay in the game. This bull market has another 10 years to run – and you gotta be in it to win it.
I also took out $5K and placed it in a Savings account – to my surprise, the check actually showed up from my sketchy account merchant.
New format to the blog:
* Will post current positions and value each week
* I’m going to discuss each position and the reasoning behind it in upcoming posts
* I’ll try to link more to commodity news in the market – it’s tough to find, so I’d like to begin to aggregate everything here for all to see
|Date||Position||Qty||Month/Yr||Contract||Strike||Call/Put||Entry Price||Last Price||Profit/Loss||Market Value|
|06/19/07||Long||1||DEC 07||Coffee ‘C’||120.50||117.35||($1,181.25)|
|12/05/06||Long||1||DEC 07||Coffee ‘C’||135.25||117.35||($6,712.50)|
|03/23/07||Long||1||SEP 08||KC Wheat||502||564||$3,100.00|
|11/03/06||Long||1||MAY 11||Natural Gas||6.450||7.3060||$8,560.00|
|08/11/06||Long||1||MAR 08||Sugar #11||14.50||10.72||($4,233.60)|
|06/04/07||Long||2||JUL 08||Sugar #11||10.05||10.80||$1,680.00|
|10/18/06||Long||1||JUL 08||Sugar #11||12.08||10.80||($1,433.60)|
|03/20/07||Long||1||JUL 08||Wheat||488||563 3/4||$3,787.50|
|03/21/07||Long||1||JUL 08||Wheat||493||563 3/4||$3,537.50|
|Net Profit/Loss On Open Positions:||$16,504.05|
|Current Cash Balance||$28,523.82|
|Open Trade Equity||$16,504.05|
|Long Option Value||$0.00|
|Short Option Value||$0.00|
|Net Liquidating Value||$45,027.87|
Cashed out: $5,000.00
Total value: $50,027.87