Saturday, November 22, 2008

Weekly Futures Positions Review - November 23, 2008

Top posts from the past week:
A review of my futures trades from the previous week:
  • No trades last week! The semi-vacation from the markets continues. And why not - these markets are too tough to trade, at least for a hack like me.
Other existing positions I've got:
  • Short the British Pound - Last time I shorted the British Pound, it turned out to be a quite profitable trade. I plan to hold this position until the GBP hits a 15-day high against the US dollar.
My wish list (waiting for an uptrend...and we could be waiting for awhile):

Open positions

Date Position Qty Month/Yr Contract Entry Price Last Price Profit/Loss
10/10/08 Short 1 DEC 08 British Pound 1.6870 1.4909 $12,256.25

Net Profit/Loss On Open Positions

Account Balances

Current Cash Balance $39,595.05
Open Trade Equity $12,256.25
Total Equity $51,851.30
Long Option Value $0.00
Short Option Value $0.00
Net Liquidating Value $51,851.30

Cashed out: $20,000.00
Total value: $71,851.30
Weekly return: -2.1%
YTD return: -6.5%

***"Cash out" mostly means taxes, but lately I've also been using it for living expenses, and also to finance a bitchin' time management software startup that is starting to lift off.

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