19 March 2009

Well, the Fed prints money, the US dollar dives, and grain prices shoot up.

May wheat traded over 3K contracts in the first minute of the session, rising in price nearly 30 cents over yesterday’s close. Unfortunately, things then froze up and I was presented with no opportunities in the next half hour.

That’s OK. My account balance stands at AUD10,276 and has suffered no setbacks. I traded according to my plan, and resisted the urge to over-trade.  There are a few blessings there.

See you tomorrow.

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