Nothing related, but am I the only one to find january extremely dull? I think I made half my usual volume...
Long May / Short Jul Orange Juice @ -0.4. Pretty much the same little bull spread as Mar/May. A little trend is already in place.
I have traded more products than ever this month LOL not necessarily more volume though, but nothing has really been going that great. No big losers and no big winners. But on the plus side I have been losing money slower when I do and starting to somewhat turn around. Are you still riding soymeal? I have debated on closing out if the opportunity is there when it is in the lower -5 area then trying to enter again higher because it seems to be ranging somewhat. Cost is like -6.3 on it I think I tried the wheat trade again, but got stopped out for a $100ish loss. Still up overall for the idea with 2 winners and 1 loser. Today wasn't a very good trade really anyways, I was hesitant because the setup wasn't too great but took it anyways. Oh well, learning from mistakes so it's all good.
Of course I am still in. If I had exited I would have posted it. My target is much lower. I have a longer term view.
Yeah, I was planning to hold longer term also, just was thinking about getting out and trying to get back in a little higher. I doubt I will though since its 4 legs of transaction costs plus risking the spread as well. I am just sitting in it for now.
This fly is so weird. Sometimes it loses value when ZMH goes up and gains when it's down. It pretty much means May has greater volatility than March while March is the front month in a "deeply" inverted market... If I happen to finally make money on this one, there is a good amount of luck involved...