Speaking of sugar, and later I took the plunge. My swing is the sugar program is due for a big swing up. Trident usually follow a standard 1-2-3 zig-zag motion and entered a "3" wave. I went a long four sugar futures contracts on this signal.Trgovina started fine but stalled and reversed down.
Max suggested I continue to sell four of futures contracts as a hedge. (It does not make much sense, does not it?) He thus would be able to later remove the hedge. Otherwise, I can not get back in. Whatever. Of course, I put safety at the exact low as I was afraid. As sugar futures began to rally again, I removed the hedge and the race was on.
Maybe Max was right. Sugar futures contract ran up to my goal of Trident and I got a couple of big profits. I got cocky and stupid and decided to reverse and go short four contracts at the end of Friday. Trident is an apartment and doing "drunken sailor" trade. I was so pumped up I had two of my employees' share of potential profits. Monday came and sugar gapped up against me. At which point I gave back all its previous sugar profits. I got it and decided to never buck the trend again. Well, at least until I got greedy and stupid again. I told two employees to forget any losses, and that was it.
Max is making good futures commission from me, and I think I became one of his more active commodity traders. I loved that feeling. I even told some of the young women I met that I was a commodity futures trader. It went nowhere. Shortly thereafter, it was like saying I played poker or shoot craps for a living. But I could not leave sugar on miru.Nekoliko days after that loss, the market is still moving upwards. It was Friday ponovno.Ročno market had moved about 350 points that week. This is the kiss of 23 cents. I said to hell with Trident and told Max to buy a futures contract market.
After his "lightning fast" performance finally came back, I paid about 50 points higher than the last quote! I was stunned. But then it kept going in the immediate vicinity. It's closed borders, and I was a good $ 1000 on a contract. (The limits are expanded again) Monday came and it was a restriction to limit opet.Nekoliko days and I got a nice $ 5,000 profit. Too bad I did not buy the four agreements, but I still feel pain in the last loser.
Those were some fun days of trading futures. I still look back and realize my innocence was in many ways its strength. After all, this is a bull market in commodities, and "drunken sailor" trades usually work. But as the years passed, so the bull, bear and splitting the market. I learned that commodity futures markets could beat. I replaced my intense aggressiveness and became a conservative in the speculative arena. But that's the way it should be.
It's all about survival. Small positions that go away are a great way to shop. Ringing cash registers often with a high win / loss ratio is as well. Just remember that you must be flexible and willing to let go of old ideas that no longer work - and keep finding new ones that do not. I think that even the Boston Commodity Broker from Hell would agree with that. I know Max would.
good trading!
There is a substantial risk of loss trading futures and options and May not be suitable for all investors. Only risk capital should be used.
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