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Market Predictions For Commodity Futures October 28, 2013
1)
I shorted corn and the price of corn went down and we made money. In the video below I'll show you how we made money short selling a december corn contract.
Ok so now let's calculate the how much money we made. We made a trade in the December corn contract on October 16th at a price of 441.125 and
exited our position on October 28th a whole 13 days later at 434.750 which is a difference of 6.375. A 1 cent move in corn is $50. So we made $318.75
Assuming we only bought one contract and and not calculating commissions. Our percentage gain is the amount sales subtract amount of margin required
and in this case we made 11.487% in just 13 calendar days.
That is a
Sold short at 441.125
Bought it back at 434.75
Profiting $318.75 for each contract
Giving us a percentage profit of 11.487% in 13 days.
Your savings account doesn't do that now does it?
Below you will see my other video prior to October 28th where I said I was in corn and why.
For your free charting service go to
Market Predictions For Commodity Futures October 28, 2013
1)
I shorted corn and the price of corn went down and we made money. In the video below I'll show you how we made money short selling a december corn contract.
Ok so now let's calculate the how much money we made. We made a trade in the December corn contract on October 16th at a price of 441.125 and
exited our position on October 28th a whole 13 days later at 434.750 which is a difference of 6.375. A 1 cent move in corn is $50. So we made $318.75
Assuming we only bought one contract and and not calculating commissions. Our percentage gain is the amount sales subtract amount of margin required
and in this case we made 11.487% in just 13 calendar days.
That is a
Sold short at 441.125
Bought it back at 434.75
Profiting $318.75 for each contract
Giving us a percentage profit of 11.487% in 13 days.
Your savings account doesn't do that now does it?
Below you will see my other video prior to October 28th where I said I was in corn and why.
For your free charting service go to