Search results

Well a nice day today everyone! Cotton rallied hard on expectations of economic strength which would lead to more apparel purchasing. March cotton rallied 1.58 today and closed at 65.98. We rallied just in time for the market to keep its major uptrend which I was banking my trade on along...

Sugar up 17 this morning. It has been quite a while since we have had a move that big. Any thoughts? I have been long this thing since 980.

that will be a cool job. adm is a very big commercial firm. Are you speculating or hedging for them? I would imagine you would be hedging as that is what they do but I have a friend who works for iowa grain and is a prop trader for them so you might be speculating. Either way should be a fun...

Proflogic my hats off to you man! I never would have thought we would trade that high in july wheat and I have lost a few bucks on this recent rally. Once again great call but I still think im right in the long term.

Well I owe today to my dad! I called him during study hall and talked to him about my sugar position and I asked him what I should do with the damn thing. I told him my plan was to get out around 970 but he said that I was a damn fool to get out around that level. "Its only a little over a...

Mark thanks for the comments. Yeah im long cotton just trying to play a bounce. Not anything too big. Once I pick up a point or two im gone and probably will try to go short the thing again. Funds have been getting long into this decline and cutting their shorts. It has mainly been a...

March sugar was down today closing at 974. Whats new! Guys are just reluctant to push it higher although they seem to be in no real hurry to push it lower either. Long march cotton at 65 today. Closed about 64.94 or around there. I think we could see a little short covering like I said...

A few things I will be looking at this week everyone. I will be looking to short march coffee around 122. I will be looking to get long some march cotton at around 65. I will continue to hold on to my long march sugar which is up a little today at around 978. Nothing changing here...

Thanks everyone for the advice. No im not new to trading commodities but am new to trading the soft commodity markets (I am mainly a grain trader). Most of my soft trading has been very short term and mostly based off of the charts. I would just like to get more in depth with the fundamentals...

Anybody know where I can get long term fundamental info on the softs? Not really long term but like what kind of a position is the market in since the beginning of the year. I know I can check out usda but does anybody know of a free weekly commentary or something with a lot of fundamental...

Mike Great advice on the coffee market! Not much of a coffee trader (hell I dont even drink the stuff) but what you are saying technically sounds good. Im Gonna have to check out the fundamentals in the market and go from there.

Im losing my touch!........wait I had touch? Out of wheat at 695. $2000 loss. This thing was wild today. Thin trading and front months limit up. Was not the day to try to sell more into this thing and I cut my losses yet again! With a new contract high we could see a little more buying...

Bob, nice trading! Yeah don't let anybody tell you what you are doing is common. Not many people have the talent you seem to have in the markets. Keep it up!

The best deal at a prop firm I have heard of before is a base salary (very small amount) and you keep 50% of what you make. They take care of everything else. I don't know about other prop firms but this is one of the better deals I have heard of before. If you already know how to trade this...

Got out of my lumber at 259 today. I didn't say it yesterday but I DID NOT like the way it closed yesterday and had a bad feeling there could be more blood today so I cut my losses and took a $150 loss. A good thing to with the housing starts turning out bad and all. I thought about going...

Depends. Is it rolled into a new crop or old crop position? Regardless I would dump it anyway cause wheat doesn't have much going for it right now. Use it to increase the size of your own account if you are already trading profitably.

LOL man its fun reading about 2 nerds going at it around 1am. Get a life you guys! As for math im taking algebra 2 in high school now and will take pre calc my senior year. IMHO it is a complete joke and complex math is completely worthless to me exept it gives me a little chance to get a nap...

nazz are you asking me this or are you stating this? If you are asking me of course the lower it goes the more bullish it is. Its like getting a great product on sale!

Well today I think the futures markets must of been after all the teenage traders in the market lol as nothing worked for me today. Like I said out of cotton early in the morning for a nice gain but should of held on as it traded lower on the day. july wheat was up 13 cents today...

Out of my march cotton at 66.50. $750 profit. Will look for a small rally here and try to get short again. Still hoping for that sugar. I hope to get it done before I leave for school but I might just have to leave the order with the broker.