Trade view /
17 July 2016 at 22:54 GMT
Management and risk description
It seemed appropriate to provide an update on trading for my followers.
On Friday I posted a short tread on corn with the view that it would be a short-term play. Please see: Corn has lost its pop
It turned out to be a day trade as after opening the short at 1154 at 356.75 the market did fall below my first target of 352.06 and began to show signs of recovering. So profits were taken as the short was covered at 347.94 as of 1245 BST. This booked a profit within the hour of 2.53%.
For the year-to-date trades that have been opened and closed read as 40 being profitable and 10 incurring losses i.e. 4:1.
Add in the remaining seven trades still open and they read as 45 being profitable and 12 incurring a loss, or 3.75:1.
My return for the year is 3.33% or for the statisticians, an annualised return of 35732.74%.
— Edited by Gayle Bryant
Non-independent investment research disclaimer applies. Read more