2011-06-28th (Tues)

At the end of the previous trading session I had the following positions;
Long 10 contracts US WTI Crude Aug 2011 with ACB of 98.6768
Long 20 contracts US Wheat Sep 2011 with ACB of 763.56

In today's trading session there were multiple global and domestic events, the net effect is US markets rallied on positive sentiment in my opinion.  Although that can change tomorrow once we know the results of the Greek austerity vote.

History will faithfully record those events, so I will leave them out of this report, and will only record my trades.

I surrended a portion of my positions yesterday even though I still feel if I have cash today I would add to my positions. I did so because I needed to free up available margin in case the markets continue to run against me.

Much to my relief, the markets did not continue to slide but instead rose slightly in today's trading session.

Sell 10 contracts US Wheat Sep 2011 at 654.13 (2011-06-28, 04:21 am EST) for a significant loss.

Currently I have the following positions;
Long 10 contracts US WTI Crude Aug 2011 with ACB of 98.6768
Long 10 contracts US Wheat Sep 2011 with ACB of 763.56

US WTI Crude Aug 2011 is currently 92.955 (2011-06-29, 01:41 am EST)
US Wheat Sep 2011 is currently 682.88 (2011-06-29, 01:41 am EST)

I have placed appropriate Stop Loss Orders to preserve our Trading Capital and Mental Capital.

We now have sufficient available margin to go shopping when the market throws a sale.

Our first line of credit was activated on 2011-06-16th (Thurs) and I will be drawing down our second line of credit in anticipation of major market buying opportunities.

Total equity is 13% of June 1st and we are committed to trade ourselves back to our High Water Mark.

Stay Tuned,

Jeff
(2011-06-29, 01:56 am EST)