Short term
Trade view / 06 September 2016 at 22:42 GMT

UPDATE: Profits taken on orange juice and corn

Managing Partner / Spotlight Group
United Kingdom
Instrument: OJX6
Price target:
Market price:

I apologise for not reporting in real time ... busy in meetings with Turkish contacts this afternoon.

Target orders were filled:

Orange Juice (OJX6): Short at 189.00 as per the trade view last week:

My first two targets to the downside were 185.21 and 181.95.

The first was achieved and there was a a degree of weak follow-through. As that faded, I covered at 185.08 to make 2.12%, or 577% annualised.

Today I had a short-term perspective on corn (ZCZ6) with a short at 326.25, please see here.

I said that the market was being dominated by sellers who may have taken their short exposure to the limit. The downside was muted, so I covered at 324.10 . Profit was 0.66%, or 1017% annualised.

— Edited by Susan McDonald

Non-independent investment research disclaimer applies. Read more
Philidor Philidor
Hi Stephen. Solid trades! I wonder, do you have statistics on how you have fared in commodities only, the past 24 months or so?
Stephen Pope Stephen Pope
Philidor, I can retrieve the data and reply somewhat later if I may.
Stephen Pope Stephen Pope
Hi there Philidor,

A mixed bag really.

2014 Avg gain +5.65% (+618.47% Ann) over 31 trades
2014 Avg loss -5.69% (-264.32% Ann) over 17 trades
2014 Net -0.04% (+354.15% Ann)

2015 Avg gain +2.84% (+1433.52% Ann) over 72 trades
2015 Avg loss -4.83% (-126,98% Ann) over 23 trades
2015 Net -1.99% (_1306.53% Ann)

2016 YTD Avg gain +5.69% (an unrealistic +69436.09% Ann) over 35 trades
2016 YTD Avg loss -3.69% ( -50.28% Ann) over 7 trades
2016 YTD Net +2.0% (-69385.81% Ann)

Improving but must try harder!!!!!

Philidor Philidor
Thanks! I had the impression the numbers would me more on the plus side than neutral. Maybe I've been lucky with the ones I picked out of your recommendations.
Stephen Pope Stephen Pope
In my defence I have shown average gain less average loss .

I can recalculate absolute % (gain - loss) which would be more flattering.

Send you that later.
Stephen Pope Stephen Pope
Dear Philidor,

I ran over the numbers in terms of total gains and losses as against averages and net average.

The data now is far more encouraging...I think I have been underselling my returns. So FYI

Commodity Trading Net Return:

2014 + 77.82%

2015 + 93.59%

2016 +172.31%


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer
- 沪ICP备13028953号-1

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail