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Should You Answer A Margin Call ? – Growing Your Money

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Should You Answer A Margin Call ?

TRADING THEORY—If you are not over trading and risking more than 2% on any given trade. Never answer a margin call because you are probably overtrading and most likely the position is going against you and probably have lost much more than 2% on that trade.

Never allow this to happen to you because you always want to have sufficient margin in your trading account just in case the exchange raises margin and that will not force you out of the position.

A great rule is to keep 50% of your total portfolio in cash and the other 50% in trades that way if something crazy happens and it does sometimes this helps in managing risk in a huge way.

 

 

If you are looking to contact Michael Seery (CTA—COMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit www.seeryfutures.com

 

Skype Address: 5da1f85979b7117b

TWITTER—@seeryfutures

FREE TRIAL FOR THE LIMIT UP COMMODITY NEWSLETTER

Email: mseery@seeryfutures.com

If you’re looking to open a Trading Account click on this link www.admis.com

 

There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.



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Commodities

Have Wheat Prices Topped Out ? – Growing Your Money

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Have Wheat Prices Topped Out ?

Wheat Futures—Wheat futures in the December contract  is currently trading lower by 10 cents at 6.22 a bushel or 1.62% this Monday afternoon in Chicago as many commodity sectors are lower today due to the fact that the Coronavirus is making new headlines once again as the Dow Jones Industrial Average is down nearly 900 points.

Wheat prices are trading far above their 20 and 100 day moving average as the trend remains to the upside, however for the bullish momentum to continue prices have to break the October 20th high of 6.38 which happened in last week’s trade.

I have been recommending a bullish position over the last month or so from around the 5.40 level and if you took that trade continue to place the stop loss under the 2 week low on a hard basis only standing at 5.87 as an exit strategy, however the chart structure will start to improve on a daily basis later this week as the monetary risk will be reduced substantially.

At the present time I also have bullish recommendations in soybeans and soybean meal which continue to hit contact highs today as the entire sector has entered into a long-term bullish secular trend in my opinion so stay long as the volatility will remain extremely high. 

TREND: HIGHER

CHART STRUCTURE: IMPROVING

VOLATILITY: HIGH

 

 

 

If you are looking to contact Michael Seery (CTA—COMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit www.seeryfutures.com

TWITTER—@seeryfutures

 Email: mseery@seeryfutures.com
If you’re looking to open a Trading Account click on this link www.admis.com

There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.

 

  

 



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Trading Theory—Adding To Winning Trades – Growing Your Money

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Trading Theory—Adding To Winning Trades

When Do You Add To Your Winning Trade? This has always been a very interesting question because it can create a situation of going from rags to riches to riches to rags in a very short amount of time.

Many times I see traders abuse pyramiding or adding to positions with utter lack of any type of money management system in place and letting it ride which usually ends up in a complete wipeout of capital and sometimes even worse.

Commodity prices can move very quickly with large gains or loses like we experienced in 2008 crash of stock and commodity prices, so you always have to use stops and not fall in love or marry a position.

My answer to this question is add only once to the trade if that position has made you at least 1%-2% of your account balance while still having stop losses on all positions that equal 2% loss at a maximum risk.Remember your stop loses will be different on both positions because of the fact that you entered those trades at a different date and price.

 

 

 

If you are looking to contact Michael Seery (CTA—COMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit www.seeryfutures.com

 

FREE TRIAL FOR THE LIMIT UP COMMODITY NEWSLETTER

Email: mseery@seeryfutures.com

If you’re looking to open a Trading Account click on this link www.admis.com

Disclaimer: This and other personal blog posts are not reviewed, monitored or endorsed by TalkMarkets. The content is solely the view of the author and TalkMarkets is not responsible for the content of this post in any way. Our curated content which is handpicked by our editorial team may be viewed here.



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Crude Oil Tumbles as OPEC Happy Talk Fails to Quell Demand Fears By Investing.com

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© Reuters.

By Geoffrey Smith 

Investing.com — Crude oil prices fell sharply on Monday in line with other risk assets as the rapid spread of the Covid-19 virus across Europe and the U.S. sparked fears of more demand destruction through restrictions on economic and social activity.

By 11:35 AM ET (1635 GMT), futures were down 3.1% at $38.61 a barrel, their lowest level in three weeks. The international benchmark blend was down 2.8% at $40.88 a barrel, having also hit a three-week low.

U.S. gasoline RBOB futures were down 2.5% at $1.0991 a gallon, testing their lowest in over a month. Data from GasBuddy showed that U.S. demand for gasoline fell by 0.5% last week.

Sentiment was summed up by Patrick Pouyanne, the chief executive of French oil and gas major Total, who told a conference that “globally speaking, the demand is still weak.

“I am afraid that with the second wave we are experiencing in many continents today again, it could be longer [for demand] to recover like everybody hoped,” Pouyanne was quoted by Argus Media as telling the CERA Week conference.

The pressure on the corporate sector was again in evidence, with Canada’s Cenovus and Husky Energy (OTC:) announcing plans to merge over the weekend in a bid to rationalize costs and squeeze more value out of reserves that require relatively high investment to be monetized.

However, as usual, there was no shortage of those willing to talk prices up. Saudi Arabia’s Oil Minister Prince Abdulaziz bin Salman was quoted as telling the same conference as Pouyanne that the essentially cyclical nature of the oil business was unchanged, and that low prices and low capital spending now would beget high prices in the future.

In the same vein, Indian Oil Corp. Chairman Shrikant Madhav Vaidya told S&P Global Platts in an interview that Indian product demand is now rebounding strongly after a wretched couple of months due to the virus. India has one of the world’s highest death tolls from Covid-19, after the U.S.

Likewise, OPEC Secretary General Mohammed Barkindo hinted CERA Week that the OPEC+ bloc of producers that a deferral of a scheduled increase in output at the end of the year is still possible, stressing that that the group will “adapt to the changing realities.”

“We are determined to assist the market to restore stability by ensuring that the stock drawdowns continue.”

There was little visible effect however from signs of yet another disruption to production in the Gulf of Mexico, where BHP, Chevron (NYSE:), Royal Dutch Shell (LON:) and BP (NYSE:) had all started to remove non-essential personnel from their platforms ahead of the likely arrival of Tropical Storm Zeta. The National Hurricane Center said it expected dangerous storm surges across the Yucatan peninsula in Mexico later Monday.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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