Cotton has simply gained to much short term strength in here and I would much rather lock in the profits then take the risk of them evaporating.
After taking into consideration all three positions, a loss and 2 gains, we will walk away with about 41% on our money. Not bad, but it could have been better had I exercised a little more patience on the first short position.
All in all the commodity positions are doing pretty well this year.Better than the equity side, but as I have said before, commodities are much easier andmore reliable to trade. I realize this goes against the popular misconception of investment lore that says commodities are fraught with risk, but if you crunch the numbers you will find that stocks harbor much more risk.
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