Posted by Nick on April 30, 2003 at 05:47:51:
Ok, remember a few days ago I was sweatng it out waiting to enter a corn trade? I needed the price to drop a bit before I entered? Ok, go get a Corn Chart (They are on the net) and look up July Corn 2003.
The day after I was on here complaiing about being tied to my computer, I got the drop I was looking for and entered a Corn trade at $2.365 a bushel. Two days later, it moved $.07 turned around and corrected a bit. At this point, I got out with a total move for my position of $.049
If you multiply $.049 X 5000 bushels percontract, you get a profit of $245 a contract. I was in for 30 contracts so you multiply 245 X 30 to get my profit of $7350
If you think I'm lying, and don't know how to do this stuff, just type Futures, Corn, July into your favortie search engine and pull the chart. You heard me discussing it the day before I got in, so you know I knew it was going to do this at least one day before it actually moved. The move itself is fully documented from a large variety of sources, all you need to do it look up the chart and do the math to see I am the real deal.
For referance, I got in (short) at $2.365 right before the close on 4/24/03 and I got out just before the close on 4/29/03 @ $2.316
Look up the chart, Do the math and you will see I'm real.