Sunday, June 01, 2008

Weekly Positions Update - 6/01/08

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
Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss
05/21/08 Long 1 JAN 09 Feeder Cattle 113.950 115.250 $650.00
05/21/08 Long 1 JAN 09 Feeder Cattle 114.000 115.250 $625.00
05/27/08 Long 1 JAN 09 Feeder Cattle 115.200 115.250 $25.00
05/08/08 Long 1 OCT 08 Live Cattle 105.350 108.300 $1,180.00
05/09/08 Long 1 OCT 08 Live Cattle 106.700 108.300 $640.00
05/21/08 Long 1 JUN 08 Swiss Franc 0.974100 0.9577 ($2,050.00)
Net Profit/Loss On Open Positions: $1,070.00

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.

2 comments:

Heem said...

Corn, especially the Dec expiration is approaching its all time high of of 653. Are you a buyer on the breakout?

SugarHigh said...

I'm tempted to dip my toe in the water with a mini contract - but will probably wait to see continued strength.

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