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    Youngtrader's Commodity Journal

    Nothing going in sugar today. Im mixed right now. We could possibly be lower today just do to the holidays right around the corner but this market is acting like it wants to trade higher. We have a couple of levels to look at on the downside here. Closing below 1050 sets us up for trade near...
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    Does any one make money intrady trading

    I believe trading profitably intra day can be achieved. I myself can not seem to make a dime intra day though. Its weird because I am very profitable swing trading and position trading but when I try to day trade it all changes! Regardless though it is possible (have seen many traders trade...
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    Youngtrader's Commodity Journal

    Out of sugar at 1064. $336 profit. Closed at 1064. Just a little profit taking here but the market wants to go higher. With the holiday around the corner traders I think are just a little reluctant to add new positions. Coffee got some initial buying due to the bullish stocks report that...
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    Youngtrader's Commodity Journal

    Thanks guys for the advice. Wheat imo is anybodys guess. It moves limit up/limit down every other day. Everytime I try to step in front of that damn thing I get caught and bashed over the head as it rallies another 50 cents against me! There is no ryhme or reason too it. Export business is...
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    Do most traders even have an edge?

    Exactly!!! Wow what a smart guy!
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    Do most traders even have an edge?

    So your saying im up over 150% because of luck? Wow you are an idiot lol!! There is no edge you guys. There is only the ability to watch and predict what the market is going to do next by the way it trades. Now either you can or you can't do this.
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    Youngtrader's Commodity Journal

    Got a 10 lot of sugar bought at 1064. Out at 1078 right on the close. We came so fucking close to 1080 we could of kissed it! But near the end I took the money and ran(isn't that a song?). Just starting to dabble in a little bit of day trading here. I like the way sugar trades so that will...
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    Do most traders even have an edge?

    Someone said earlier that if you don't have an edge you must be an unprofitable trader. Wrong! I am profitable and to be honest couldn't tell you what my edge is lol. I havn't the slightest clue as to what my edge possibly could be. That proves the whole "edge" thing is just a way for people...
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    Youngtrader's Commodity Journal

    Thanks for the compliment I appreciate it! Well off to a sour start this morning. Im out my 10 sugar at 1060. $560 loss. Not sure what to do now. I thought for sure we were gonna be red when I woke up this morning but guess not and it hit my stop. We have made new highs now with 1065...
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    Wheat Holy Hell?!

    same old same old man. Prob just some export biz and the price fucking explodes!! I can't trade it right now, its just too crazy for me.....limit up/limit down every other day. The chart is useless because there is no more resistance and we never touch supports. Fundamentals are same as they...
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    Pabst's Blue Ribbon Trades

    where is pabst anyway?
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    ICE shutting down futures pits

    My fills have been very fair in the pit and have been as competitive as the price on the screen, sometimes even better. Losing the pit takes valuable information out of the markets. The "noise factor" and human emotion just won't be in the markets as much as when they had the pit. I see the...
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    ICE shutting down futures pits

    They are talking shutting them down in feb. Fuckers!!!
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    Youngtrader's Commodity Journal

    Just found out that ICE said thursday that they will shut down the trading floors at the NYBOT in Feb. What a sad thing to read. I can't believe its actually happening so fast. With the CME shutting down its pork bellies pit in march and now with the nybot its only a matter of time before the...
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    Youngtrader's Commodity Journal

    Coffee closed higher today. Not by much but still higher. Conab (Like the usda but I can't remember what the hell conab stands for to be honest lol) came out and said brazil coffee harvest was up about a million bags from what was previously estimated. I think this was pretty much already...
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    Enkidu's Journal

    enkidu Over so soon? Are you planning on starting another journal?
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    Youngtrader's Commodity Journal

    Sorry for not posting my trades yesterday but I have been extremely busy for some reason the last couple days. I did sell 1 march cotton at 65. Trading at around 64.50 this morning. Next level is 63 and if we can break and close through that im planning on adding shorts. Also got long 1...
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    Youngtrader's Commodity Journal

    Damn just looking over some charts and coffee traded down to 132.2. I would of been all over that if I would have known!!! Fuck!! Sorry just venting my anger.
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    Youngtrader's Commodity Journal

    Short 1 cotton today at 65. crb index was on a role today and the buying in cotton is just hedge funds buying any commodity they can find no matter the fundamentals. We closed at 65.25. I will not give this trade much room to work with because we might be headed up to 68 just to test and then...
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    Youngtrader's Commodity Journal

    Going to be out of state today. Headed to MGEX annual meeting in minneapolis. Plan for the day is to not trade very much and just enjoy the meeting but I still want to get long sugar around 1020 and short cotton at 65 and then 63. Maybe a possible long coffee at 131-132 range. Got to go im...
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