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  1. Y

    Youngtrader's Commodity Journal

    Sold 2 july wheat at 693 today. Should of just waited for 695 like I talked about but we might not make it there and im not missing out on the big new crop wheat decline coming up! Dad was questioning me this morning (before school sitting around having breakfast) about taking a grain position...
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    Youngtrader's Commodity Journal

    Well not much really happened today. Couldn't get any sugar bought at my price of 975 but will keep an order in to get some bought at that price. Didn't buy any corn (thought about 390 level but decided not to) and didn't sell any wheat (looking at 695 level hear). Stock market plunged today...
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    Short Lumber Due to Housing?

    nazzdack is right. Actually seasonal stratagy is to buy jan lumber on 10/27 and exit on 11/29. Works 93% of time. Lumber is very seasonal and fairly reliable but not sure I would do anything with it right now. Cash trade has been horrible for a long time now and we have lots of inventory on...
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    Raising Capital For Fund

    Who ever said anything about net? Although yes that 10,000 is close to net but not completely. I started with 3,000 man and have taken it to around 10,000. Not completely all of it is from trading but vast majority is. Lots of mistakes and drawdowns from that 3,000 to the 10,000. I will...
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    Raising Capital For Fund

    lol hydroblunt you are to much man lol! Do you have a journal on et? Or any statements to back you up? Anybody can pretend to be a pro trader on the internet man. By no means am I saying im perfect (which im not even close too) but I can produce nice returns and can trade fairly well given...
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    Youngtrader's Commodity Journal

    Everything getting pretty beat up this morning so im gonna hold off on the long corn. I think I can get long at better prices and if I could around 370 or so it would be a blessing. Stock market going to hell really fast so doubt it will pop this week to confirm my setup but I might just sell...
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    Raising Capital For Fund

    lol nice guys. No my results are actual results with real money (the only way to trade). Starting at such a young age I don't really have that much money and as you can imagine 4 out of the 6 years were not that good. My current lump sum is a little over $10,000. Its actually kind of fun...
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    Raising Capital For Fund

    Yeah I hear what you are saying but when you can trade well now why wait till you are 18? Shouldn't p/l speak for itself? But whatever it was just a thought that I had and wouldn't mind doing in the near future. Thanks guys.
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    Raising Capital For Fund

    lol funny you should mention that because that would seem like the logical thing to do but im only 17 years old!
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    Bond rally nearing an end?

    mcurto nice to see you back on et. long time no see lol!
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    Raising Capital For Fund

    Would like to know if anyone has any tips or advice or knows anybody that could help me in this process. I have been trading for 6 years now and have been trading commodities for about a year and a half. Have had nice success and would like to start a small fund ($20,000-$50,000) trading...
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    Youngtrader's Commodity Journal

    yeah not a problem. Im using northstar commodities for a broker and they clear through man financial. Bankroll size is a little over $10000. I take draws often but like to keep account balance at $5000 at least. Total profit since starting this journal is around $8500.
  13. Y

    Youngtrader's Commodity Journal

    Was in chicago at the cbot all day yesterday visiting a friend and was in the market to buy some march corn around 385 but no such luck. Everyone that is bearish corn is already short. I plan on buying dips in corn all the way until this spring and maybe even longer. Thinking about selling...
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    Youngtrader's Commodity Journal

    Got out of my remaining 2 march corn today at 390. $1500 all together for those 2. Total profit of $3300 on the corn trade! Market as I thought seems to be putting in a intermediate top hear as we see a little harvest pressure from producer selling. Could prob take us down to 355 dec and 373...
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    Youngtrader's Commodity Journal

    Well good day with the corn everyone and apple call didn't do to bad either. Corn market still seems a little toppy so I moved stop up to 390 on those 2 remaining contracts. Like I said I think we might see basis start to get weaker pretty quick dragging the market down a little but then nice...
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    Mathematically Predicting the Future?

    I agree math is very important in trading. For instance when I put on a trade I calculate what I am expecting to get as a profit on the trade and then i calculate what my expected loss is. If the R/R is good I take the trade. I do all of this addition and subtraction in my head (my teacher...
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    Youngtrader's Commodity Journal

    Sold 2 of my 4 march corn on the overnight at 92. Picked up 18 cents on each of those so can't complain. Amounts to a total of $1800. Still have 2 march corn left and will place a stop underneath those at 384. Still got my 350 put short. Im thinking we could be putting a little to much...
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    Youngtrader's Commodity Journal

    Bought 4 march corn at 374 today. Also sold 1 march 350 put for 12 cents. Looking at expiration hear. Should of looked closely at my apple call when the market was down hard but was busy with the corn and didn't have much of a chance to look at it. Probably just hold that one till expiration...
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    Youngtrader's Commodity Journal

    Thanks for the correction on the options. I am used to grain options that expire the third friday before the contract month. Anyway went ahead and sold 1 nov 200 call in apple anyway at 3.00. I still think we are overvalued hear (mostly trading off of a hunch) and like I said im bearish...
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    Youngtrader's Commodity Journal

    ok might be a little twist in this commodity journal to have a stock trade or two. Looking at selling some apple nov calls. What do they have like 4-5 days till expiration and the stock is trading at like 180 this morning. I see 200 nov calls for like 2.00. With a few days until experation I...
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