any target exit price in mind??
650 or 600?
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Wheat
Re: Wheat
by kennynah » Mon Aug 09, 2010 3:01 pm
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Re: Wheat
by b0rderc0llie » Mon Aug 09, 2010 3:05 pm
No target exit price in mind. I might hold onto the short till I decide that I want to go long again. See how the situation develops and how the market reacts.
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Re: Wheat
by kennynah » Mon Aug 09, 2010 3:19 pm
Noted. Tx
Pls shout if u r going Long
Pls shout if u r going Long
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Re: Wheat
by kennynah » Fri Aug 13, 2010 1:09 am
kennynah wrote:hmmmm....interesting that you guys are enjoying a discount from what CME requires as initial margin
below taken from CME
WHEAT (W)-WHEAT FUTURES (W)
Spec - ...........New Crop $2,363 $1,750
Hedge/Member - New Crop $1,750 $1,750
the left figure is Initial Margin Requirment...the 2nd is Maintenance Requirement..
my brokerage has since increased the margin requirement to usd3375/contract.... i'm assuming it is bcos CME increased the performance bond given the volatility of late...
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Re: Wheat
by lithium » Fri Aug 13, 2010 6:48 am
Hmm......... that's dangerous, they can increase margins whenever they want? This can force you out of your trade. 
Do you have the same experience with Index futures?
Do you have the same experience with Index futures?
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Re: Wheat
by millionairemind » Fri Aug 13, 2010 8:26 am
lithium wrote:Hmm......... that's dangerous, they can increase margins whenever they want? This can force you out of your trade.
Do you have the same experience with Index futures?
Index futures like SP500 is pretty stable.
However MSCI Singapore Index futures keeps fluctuating. When I was trading it back in 2008, it was close to $5000 per contract. I think its now $2.5K per contract for IM.
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Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: Wheat
by kennynah » Fri Aug 13, 2010 10:52 am
lithium wrote:Hmm......... that's dangerous, they can increase margins whenever they want? This can force you out of your trade.
Do you have the same experience with Index futures?
US index futures are not immune to such changes in margin requirements. After that flash crash, they were raised iirc
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Re: Wheat
by kennynah » Tue Aug 17, 2010 1:53 am
ho say liao....down another $40 tonight...
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Re: Wheat
by kennynah » Mon Oct 04, 2010 2:02 pm
play the 50% retracement....for a bounce up.... from the 646-648 region...
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Re: Wheat
by b0rderc0llie » Mon Oct 04, 2010 3:00 pm
You are going long? I will hold my shorts. However, I do want to trade a contract or 2. Go long with you, with the intention to get back in the short position at a higher price.
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