Another difficult month, a month in which things have radically changed within two days. The market is inverted in many unknown ways and all this results that things are turning hard and the worst of all is that they are irrational.
Is there going to be a war or not? Are we continuing to have QE or not? Is there a drought or not, or is it only going to affect soy? How will PED affect hogs? Are cattle with Zilmax going to be continued to be bought or not? There is no answer to these questions, or better said everyone has a different opinion and this results that the market moves more and more away from expectations.
As I said in the past month, unfortunately the tab will be more volatile because I am attempting to enter some long term positions. Unfortunately, in hogs these positions are very close to their stop loss. It feels bad but a risk is a risk and sometimes despite being sure in the operation one has to quit.
In any case we could realize these operations a bit later on in October or in November.
For the moment there is nothing else to be said, only that many markets are now against the seasonalities and in these markets it is difficult to trade and even more difficult with markets that move from their minimum to maximum in a matter of a few hours. These years are strange and I hope not to come across them in the following ten years.
I am continuing to follow the basic rule, that is to lose the minimum possible in these really difficult periods.
As always, I am at your service, should you need any clarification.
— Gregory Placsintar
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THE RISK OF LOSS IN TRADING COMMODITIES CAN BE SUBSTANTIAL. YOU SHOULD, THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.