Recent content by Johnny Walker

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I completely agree. A very stupid move on my part among many. So I offset my last contract buying the September expiration. It appears the Burma Cyclone is total game changer in terms of the rice market. It took a market situation where panic and fear were leaving the market and brought it...

I put a limit order to cover my 6 contracts at 22.350 at the limit up and was able to cover 5. I feel very relieved to be out of this situation losing mostly my profits from the trade. There are still around 100 buyers behind me trying to get filled. I might buy the september to offset the last...

I'm getting raped right now. Trade is now under water, second day locked limit up. I have limit order sitting at the limit high 22.350. If it goes limit up again tomorrow night I'm in big fuckin trouble. Trading Gods: I promise if you let me out of this without any more damage I will never...

Myanmar cyclone stirs more rice supply fears Mon May 5, 2008 9:39pm IST By Grant McCool BANGKOK (Reuters) - The cyclone and flooding in Myanmar's two major rice growing areas have "potentially serious effects" for food supply in two other impoverished countries, a U.N. official said on...

Shorted 2 more contracts at 21.815 and 21.860.

I spent a lot of this weekend trying to figure out what to do with this short rice position that I am in that is up $15,000. The prudent thing to do would be to take profits on two of the contracts and let the last contract ride with a loose stop. To bad I'm not prudent. I discovered that...

I am being a pig and staying in this trade even though I can get completely screwed if this reverses.

Still short. Up $17,000 on 3 contracts.

Shorted another contract 22.215. Probably a bad idea especially in a thinly traded market like this one. But I feel like if I need to go for the jugular on this trade since its already proven me right. I ll short one more contract on a price rise to anywhere near 23. EEEKS!!

Wow. Rice Down 1.005 at one point. Trading limit are now - 1.15 because of the two previous limit down days. Its taking every amount of will power to not cover my positions and let them ride. $ 7,000 gain at last check.

I am up $5000 on my two contracts. Can't wait for the 3:33 PT electronic time open. I can see this going limit down again for the third day in a row. Lots of of late and weak longs got in between 23 and 25, all them are losing now. If you look at the COT in the beginning of this thread you can...

Holy shit. Limit down two times. UP about $4500 on 2 contracts!! I gonna hold this all the way down to 15. Hopefully it will look like this mess in a month.

ROUGH RICE - CHICAGO BOARD OF TRADE Code-039601 OPTION AND FUTURES COMBINED POSITIONS AS OF 04/22/08 | --------------------------------------------------------------| NONREPORTABLE NON-COMMERCIAL | COMMERCIAL | TOTAL |...