Commodity Trading case, please submit a report that analyzes your trading decisions and outcomes. To assist you with this task, please use the files you saved after the exercise (the Excel news log and the server generated report). If you failed to save them, please ask a friend to share the news log with you and please use your memory. I suggest you write the report soon while the experience is still fresh in your mind.

The purpose of the case is to trade on news. As you could see, the human traders could have a significant impact on the market, given that the depth generated by the computer traders was low. If the human traders trade correctly on the news, the market should go in the expected direction. Otherwise, it may not. 

Some of you may have traded on news, others did not. Some of you made money, some lost. These factors are not going to matter for the grade. The assignment will be graded exclusively on the quality of analysis you demonstrate in your report. 

Please reflect on the following questions. I am not looking for length, but I am looking for thought and rationale. Answering simply "yes" or "no" will not count as an answer. The assignment will be graded out of 20 points. As deliverables, turn in your writeup, news log, and your server generated report on Blackboard by the deadline.

 

1. (3 points) Did you attempt trading on news? Why or why not? If / when not, what was your alternative trading strategy?
2. (6 points) Please pick any three news items from the log you have saved. (The three-line weekly storage report counts as one news item.) Whether you traded on this news or not, is this news a bearish, bullish, or neutral signal for the 1-month futures contract you were trading? Why? If you were to make a trading decision based on this news, what would you do?
3. (3 points) How did you manage your trades?
   1. Market vs. limit orders?
   2. Small vs. large orders?
   3. Timing of market entry / exit?
4. (2 point) Which trade was your best success, and what do you attribute the success to? (Note: luck is not a success.)
5. (2 point) Which trade was your biggest mistake, and what would you have done differently? (Note: bad luck is not a mistake.)
6. (2 points) Did you need to manage the emotional side of trading in your experience? Give me specific examples of situations where you stayed rational and used a disciplined strategy (if any) as well as some examples of where you traded based on emotions (if any). 
7. (2 points) What is your overall takeaway from the trading experience? I am looking for specific feedback. 

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