Saturday, December 20, 2008

Weekly Futures Positions Review - December 21, 2008

Top posts from the past week:
Our coverage of Marc Faber's recent interview on CNBC from December 1st continues to see a lot of traffic.

A review of our trades from the previous week:
  • Bought a Swiss Franc position on Tuesday. Tried to pyramid with another position Wednesday night. Sold both on Friday - about even after it was all said and done. Check out this volatility:
  • Bought an Australian Dollar position on Tuesday - sold it on Friday at a loss. Again, we unsuccessfully timed the breakout here.
  • Bought a Mini-Gold position. Again, tried to buy the breakout.
  • Bought a Cocoa position. Ditto.

Our wish list...everything here looks beaten down...silve
  • Sugar
  • Coffee
  • Cotton
  • Natural Gas
  • Silver
  • Crude Oil
  • Wheat
  • Corn

Open positions

Date Position Qty Month/Yr Contract Entry Price Last Price Profit/Loss
12/15/08 Long 1 MAR 09 Cocoa 2586 2587 $10.00
12/15/08 Long 1 FEB 09 Mini Gold 836.6 837.5 $29.88
Net Profit/Loss On Open Positions $39.88

Account Balances

Current Cash Balance $47,927.72
Open Trade Equity $39.88
Total Equity $47,967.60
Long Option Value $0.00
Short Option Value $0.00
Net Liquidating Value $47,967.60


Cashed out: $20,000.00
Total value: $67,967.60
Weekly return: -3.6% --> Mostly due to the bad Aussie dollar trade
YTD return: -11.9%

***"Cash out" mostly means taxes, but lately we've also been using it for living expenses, and also to finance a cool new time management software startup that is starting to lift off - and was recently covered by the Sacramento Business Journal.

1 comment:

Peehu Sharma said...

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