Search results

Look on the bright side, always buying the top shows that you are an optimist. Optimism is good in this business.

If you have a milkshake, and I have a milkshake, and I have a straw. There it is, that's a straw, you see? You watching?. And my straw reaches acroooooooss the room, and starts to drink your milkshake... I... drink... your... milkshake! I drink it up! This is trading :)

You can only make what the market gives. Sometimes it gives more, sometimes less.

it's got to be the holy grail ... since learning it from an ancient wise master I can't lose. If you don't have one, I highly recommend it.

To conclude. Nice move to around 840, trailing stop got taken out just a few ticks below 800. It's been fun. Now back to the drudgery of more normal market moves :)

I was short Cocoa as a hedge for the Wheat position. I wanted to hedge against a sustained collapse in commodity prices.

Cocoa, NATGAS, CL, sometimes forex and stocks. I'm open to trading anything that's liquid.

Yep, she's a wild one :)

Retest of 1350? Your guess is as good as mine (probably better IMHO). From a fundamental point of view this move seems overdone to me but I'll take what I can get. A string of limit up days would be fantastic. When a market goes parabolic like this I prefer to start looking for the exit...

Still in a chunk of my initial position from 475 area. If this gets over 800 within this week I'm tightening up my stop drastically.

For anyone who is interested, I dumped most of my NATGAS position yesterday at 4.700 and today I wound down an equal share of the CL at 8150. It had a great run more or less immediately from putting on the trade as I was barely ever underwater. I was holding out for a ratio of 13 and down to...

With Wheat so depressed at the time and Cocoa so high, it seemed like a nice low risk setup. If I'm very lucky Cocoa will dive from here and show a profit as well ... but that's wishful thinking.

If anyone is interested, I just got out of around 70% of my wheat position. I got involved at 468 and it has had a nice run to just over 700. I'm underwater in the Cocoa short (got short 2910) but have pulled in a tight stop now that I've dumped most of the Wheat position.

Time to roll your sleeves up and get your hands dirty. Roll the dice, play a few hands.

Or if the conflict is too much, give your buy and sell calls to a partner who will fade your trades.

Good post!

Second most powerful man in America ... haha that's funny. If you are wondering who runs America, if you have read about them in the media, it ain't them.

I agree that they are non-existant threats. The major man made threat facing mankind is the same as that throughout history, the threat of the oligarchs/controllers (be they openly tyranical or covertly tyranical). They are the predators and the majority are the dumbed down prey. There have...

Ok let's look at societies that were non-capitalistic, there was communist china, USSR, Nazi Germany take your pick. Plenty of deadly weapons, millions upon millions of their own people slaughtered for speaking out. It is a FACT that free markets with small government which protects the rights...

I didn't say that greed was part of civilisation, I'm saying that it is hard wired into HUMAN BEINGS. Greed drove HUMAN BEINGS among other hard wired traits to survive and advance civilisation. This trait might dissapear as we evolve over the millenia. Perhaps this is a coversation that should...