Gambling trades....

arabianights

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...an occasional journal in which I will take trades in markets I have no edge in (and generally no understanding of) whatsoever for mostly poor reasons. Unless otherwise noted, this is all low stakes spread betting.

So to kick off, I just bought May wheat. 110 tick target and stop (cause I paid 790).

Reasons: Came down a lot, now stopped (hopefully). It's a commodity and they go up! Small spread. Looking to double or eradicate account.
 
I was considering punting wheat. Particularly because Krackawheat in Tesco has gone from 85p to £1.11 in 3 years. :D
 
What size did you bet? What TA did you use? Will you be posting lots of charts with indicators and some discussion of your TA?
 
gambling's cool.

Agree

Why dont you have an edge in the wheat market?

Because I don't know the first thing about it
What markets do you have an 'edge' in?

Fixed income

What size did you bet?

£2pp. Account is just under £300 so seems about appropriate for risking entire account... leaves a bit for slippage (although am aware it can move a lot more than that) and if not slipped, for a couple of desperate last punts

What TA did you use?

Looked at the chart and saw it had come off a lot

Will you be posting lots of charts with indicators and some discussion of your TA?

No
 
You hurt my feelings :( I'm just trying to learn from a pro.

internet-serious-business-cat.jpg
 
At the risk of being ignored, I will offer the same input I did the last time you bought Wheat. Buy Corn instead.
 
Is this a new fashion to use MYFXBOOK banner as a signature :|
 
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