Recent blog posts
- Sign Up Now For Free Grain Market Analysis
- Do You Risk To Much Money On A Given Trade?
- Seery Futures Accepts Canadian Commodity Accounts
- When Do You Add To Your Winning Trades?
- Talk To Mike Seery With Skype
- Bond Traders Await Fed Statement Tomorrow
- How Much Money Should You Risk On Any Given Trade?
- How Low Are Coffee Prices Headed?
- Will Grain Prices Start To Fall?
- Precious Metals Lower Again--How Low Can Gold Go?
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What Is Your Definition Of Adding To A Losing Position? My rule for adding to a losing trade differs from mainstream thinking because for this reason that if you buy soybeans and the trade goes against you adding to this trade would be adding to a loser, which is correct. However many traders won’t add to the soybean long position but they will buy gold or some other commodity without getting out of soybeans first.
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.
When Do You Enter A Trade? What are your rules to initiate a trade on the long or short side of the market? I have been asked this question many times throughout my career and my answer is simply to buy on a 20-25 day high breakout in price on a closing basis only or sell on a 20-25 day low breakout to the downside also on a closing basis.
Energy Futures--- Energy futures are mixed today with unleaded gasoline right at new fresh contract highs up another 200 points trading at 3.4126 a gallon in the April contract while heating oil is only up 100 points trading currently at 3.23 a gallon in a quiet trade in New York today.
Grain Futures-- Soybean futures are will open $.12-$.15 higher this morning marking a new fresh contract high around 13.80 a bushel continuing its bullish momentum after a brief setback last week , however corn and wheat are both unchanged and still stuck in sideways to down trends going into spring planting.
Precious Metal Futures-- The precious metals this morning are exploding to the upside on bullish comments by Fed Chairman Ben Bernanke that the economy is doing in better-than-expected pushing precious metal prices higher across the board today with gold futures up another $18 dollars an ounce currently trading at 1,680 while silver futures are gaining for the 2nd consecutive day up another $.45 cents at $32.75 right at session highs of the morning
If you are a farmer or producer of any type of commodity and are looking to try and offset price risk please give me a call at 800-615-7649 and we can discuss how to properly manage and hedge your crops to to try and neutralize price fluctuations. If you have any questions regarding how to minimize price risk please call Michael Seery at 800-615-7649
What do traders mean when they talk about
WHEN DO YOU EXIT A TRADE?--The biggest question that I have been asked is when do I exit a winning trade and when do I exit a losing trade?
Investing in the S&P 500 and commodities can be a wise idea to grow your portfolio over the course of time, however there can be tumultuous times that can have your portfolio decline dramatically as in the case of the financial collapse of 2008. Those times are over and the S&P is right near its old highs and the Nasdaq composite is at 11 year highs and the commodity markets have rallied tremendously in the last couple of years.

