My Trading

[TheUnknown]

Nice job but I still stand by sugar being too risky, at least for me. I don't like trying to pick bottoms in commodities... at least not yet anyway. Coffee has gone up though which is good.

Coffee is going now.

I had wheat on but missed the entry this **** broker, just jumped straight passed my entry price.

Look at sugar now.

 

[CanOz]

Coffee had to be on Radge's radar, its a classic triangle on the daily. How are you determining your risk per trade with futures?

 

[Valued]

Coffee just shot up again. I got in long at 1847.

Your sugar trade is getting stuck on the previous high. If it is able to pass through that convincingly though, it will be quite bullish.

 

[TheUnknown]

Coffee just shot up again. I got in long at 1847.

Your sugar trade is getting stuck on the previous high. If it is able to pass through that convincingly though, it will be quite bullish.

Look at sugar now.

 

[Valued]

Look at sugar now.

Yea. I will look to enter on a pullback likely. I didnt want to enter in the bottom of a downtrend though. Futures are a bit different to stocks so I am less keen on trying to pick the bottom.

 

[TheUnknown]

So account is up at $99,000 as of today, biggest performers are sugar & coffee. Who would have thought coffee and sugar could be good for you?

 

[Valued]

So account is up at $99,000 as of today, biggest performers are sugar & coffee. Who would have thought coffee and sugar could be good for you?

Too bad I can't trade milk futures.

 

[CanOz]

Too bad I can't trade milk futures.

Why can't you trade Milk futures?

http://www.cmegroup.com/trading/agricultural/dairy/class-iii-milk.html

 

[Valued]

Why can't you trade Milk futures?

http://www.cmegroup.com/trading/agricultural/dairy/class-iii-milk.html

I am actually trading CFDs and IG doesn't offer milk. I can't trade Canola or Ethanol for some reason either.

 

[skc]

I am actually trading CFDs and IG doesn't offer milk. I can't trade Canola or Ethanol for some reason either.

You can trade spot milk spread... just go buy heaps of $1 milk from Woolies, pour them into a branded milk bottle, reseal and lock in the arbitrage profit.

 

[Valued]

You can trade spot milk spread... just go buy heaps of $1 milk from Woolies, pour them into a branded milk bottle, reseal and lock in the arbitrage profit.

Yea, I know of the old arbitrage trick where you go buy something from Coles and refund at Woolworths too:

 

[TheUnknown]

Just an update.

It's been about 6 weeks since I started with an account balance of $83,000 AUD. Balance as of close yesterday stands at $108,000.

My best trades & worst trades are below.


Best Commodities - Sugar $10,440

Worst Forex - EURSGD -$3,926.62

Best Forex - GBPAUD - $9,110.00 Still open

Best Stock - Unipolsai spa - $1,976.76


I never hold any stock while earnings report is due I get out before for risk and if I had stayed in with Unipolsai spa I would be up around $9k on just that share alone but I sold before earnings.


Current Trades Open


GBPAUD
Alcoa
Corn
Delta Airlines
Nat Gas

Pending Orders

Philip Morris
Intel