Long at 931.25
Exited at 931.75
Result: 0.50 or +$18.96 after commissions
Wheat was the weakest one among grains. Normally I would short the weakest, but with all the grains trending high, I thought it'll follow. However, if you buying a lagger, it'll likely be the first one that drops if all other markets go lower. Therefore, I used pretty tight money management. Sure enough, I was lucky to get out about at break even.
Friday, January 4, 2008
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