2011-05-05th (Thurs)

At the end of the previous trading session I had the following positions;
Long 40 contracts Copper July 2011 with ACB of 424.61
Long 10 contracts Wheat July 2011 with ACB of 773.50

I got called today on my report dated 2011-05-03rd (Tues) where I saw no volatility that I could take advantage of; and the last time I reached that stage was right before a big gap-event.

Today I saw half my available margin taken from me as my account equity was reduced by one-quarter.  We were in good shape since 3rd (Tues) and at present moment total value-at-risk (VAR) is equal to the amount of our three stand-by lines of credit.

Buy 10 contracts Copper July 2011 at 410.00 (2011-05-05, 03:34 am EST)
Buy 10 contracts Copper July 2011 at 400.00 (2011-05-05, 10:48 am EST)

Currently I have the following positions;
Long 60 contracts Copper July 2011 with ACB of 418.07
Long 10 contracts Wheat July 2011 with ACB of 773.50

Copper July 2011 is currently 402.40 (2011-05-05, 22:16 pm EST)
Wheat July 2011 is currently 754.13 (2011-05-05, 22:16 pm EST)

I have activated my first line of credit to bring my available margin back to 3rd (Tues) levels and this means I will be shopping tomorrow 6th (Fri).

Stay Tuned,

Jeff
(2011-05-05, 22:17 pm EST)