Monday, November 26, 2007

Changes To Commodity Account

We had an average down in 11/21 of the Short Soybean Trade and
an average down today on the Short Euro trade.

While both of these moves are very aggressive, we have quite a large surplus of cash in the commodity account with how profitable it has been, so there is a safety net of sorts here.

These also were not blind average downs, but based on what I continue to perceive as weak markets both in the Beans and the Euro.

However, with the addition of these two positions I will have to tighten up the stop on both trades as if they are going to make their respective moves lower, it should take place in short order!

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