Friday, August 29, 2008

My Current Commodity Futures Positions - 8/31/08

A contemplation on my trades from the week that was:
  • Shorted the British Pound (again) - Roll over, Sterling! The trend is my friend, the trend is my friend, the trend...bad economic data keeps on coming from the UK. This move was long overdue.
Other existing positions I've got:

My wish list (waiting for an uptrend):

Open Positions
Date Position Qty Month/Yr Contract Entry Price Last Price Profit/Loss
08/29/08 Short 1 SEP 08 British Pound 1.8190 1.8213 ($143.75)
08/12/08 Short 1 SEP 08 British Pound 1.9042 1.8213 $5,181.25
08/26/08 Long 1 DEC 08 Coffee 'C' 146.55 146.60 $18.75
08/21/08 Long 1 DEC 08 Mini Silver 1390.1 1369.0 ($211.00)
Net Profit/Loss On Open Positions: $4,845.25

Account Balances
Current Cash Balance $52,962.94
Open Trade Equity $4,845.25
Total Equity $57,808.19
Long Option Value $0.00
Short Option Value $0.00
Net Liquidating Value $57,808.19

Cashed out: $18,000.00
Total value: $74,518.00

Weekly return: 2.3%
YTD return: -1.0%

***"Cash out" mostly means taxes, but lately I've also been using it to pay down my credit cards a bit. Why credit card debt? I'm financing a startup and trying to outpace my CC interest rate in the futures markets - kids, don't try this at home.


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