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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Qone0 who wrote (85495)4/2/2024 8:17:16 PM
From: ajtj991 Recommendation

Recommended By
towerdog

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I have to make a report every week for the C-Suite folks showing futures positions that are being held and give a general market outlook for those markets.

Last weekend my June NatGas contract positions were $6000 in the red (that was Sunday evening about 4-cents above the double bottom low Sunday night). That was the first red position I've had in a report since mid-May last year, and we are talking about a couple hundredths of a cent red per contract.

Small losses, great entries, quadruple right decisions, great exit decisions, and risk management all play into that happening. It's funny, but I rarely get lucky in trading at work, and I can't recall ever needing luck for work trading.

Maybe that fat finger trade that landed me extra contracts in Diesel last May and made ADM call our COO to say we'd hit a big number on a buy. That ended up as a 5% gain in the 6-hours it was held and an overall 40% gain on capital at risk. Everyone was laughing about that, and the COO basically told me he trusts anything I do.

However, without that great entry that was the lowest price anyone paid (and still is) on a public US market in the last 30-months, it might have turned out differently.
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