Oh yeah I love reading the anaysts commentary. professional flip floppers. They have no fucking clue what the market is gonna do! I always enjoy reading it though, everything is getting smacked down today fellas you guys catch any ofthis?
I'm positioned long across 7 separate contract months in eCorn but swing short in the front contact looking for a place to reverse.
Yes, I added just under 740 and covered half on the spike down to 720. Will add again on any spikes up. Up over 20k so far in this trade thanks.
Ok, you aren't position trading these. I misunderstood. I'm short the front month as well but not for much longer.
I still maintain my core short and I'm only trading from the short side. But the vol is so good you just have to play the ranges a bit too. Front month/back month, too complicated for me! Good luck to us both.
I trade each month, as with all ag commodities, as separate entities. I Intraday some, Swing Trade some and Position trade others. Currently there are 71 tradeable months in the eGrains and that doesn't even count: Feeder Cattle, Live Cattle, Lean Hogs, Pork Bellies, Sugar, Rough Rice, Sugar, Coffee, Cocoa, or Orange Juice. There are so many markets out there that most have no clue even exist. I told someone the other day I had made 6 figures so far this year in December 2010 eCorn and they looked at me like I was a loon. They said, "How can you make money on something that hasn't even been planted yet?" I just smiled and changed the subject.
I love it! That is exactly why I HATE telling people what I do. It's like trying to explain the meaning of life to a five year old. A can of worms I always try to avoid.