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.
|Current Cash Balance||$94,414.89|
|Open Trade Equity||$1,070.00|
|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.