Sunday, September 21, 2008

My Current Commodity Futures Positions - 9/21/08

A review of my trades from the week that was:

Other existing positions I've got:
  • Long the Japanese Yen - This trade was looking fan-freaking-tastic mid-week, as the Yen was flirting with 0.97. Then the latest example of US socialism sent the Yen reeling, as the good times returned again on Wall St, and the carry trade was back on. Let's see how long this latest disregard for risk holds true.
  • Short Soybeans - Nothing too exciting here, the trend still appears to be down. If the harvest is good, there will be a glut of soybeans on the market.

My wish list (waiting for an uptrend):
  • Sugar
  • Cotton
  • Coffee
  • Swiss Franc
  • Natural Gas
  • Silver

Open Positions
Date Position Qty Month/Yr Contract Entry Price Last Price Profit/Loss
09/04/08 Long 1 DEC 08 Japanese Yen 0.9340 0.9431 $1,137.50
09/17/08 Long 1 DEC 08 Mini Gold 864.6 876.4 $391.76
09/09/08 Short 1 NOV 08 Mini Soybeans 1168 1/4 1161 1/2 $67.50
Net Profit/Loss On Open Positions: $1,596.76

Account Balances
Current Cash Balance $54,480.27
Open Trade Equity $1,596.76
Total Equity $56,077.03
Long Option Value $0.00
Short Option Value $0.00
Net Liquidating Value $56,077.03

Cashed out: $20,000.00
Total value: $76,077.03

Weekly return: 0.6%
YTD return: -0.6%

***"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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