Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hello, I need help with trying to figure out how to do simulated trading but I am not sure how to do it. If there
Hello, I need help with trying to figure out how to do simulated trading but I am not sure how to do it. If there is anyone that can show how to do it that would be great. Thank you.
AAEC 4317/5317: Commodities Futures Trading and Analysis Futures Trading Worksheet Student Name: Contract Name Open Date Open Open Position Price Profit/Loss Close Date Close Price Corn, Jan 21 07/20/20 1 Short 385.00 cents per bushel Justification (Provide at least three) 1. Hanging Man after a rise 2. Start of a downward sloping line (line chart) 3. Price below both moving averages 4.RSI crossing the 40 line from above 5. Price is falling but volume is increasing - strong bearish signal 08/06/20 1 Long @ 370.00 cents per bushel Gain = 15 cents per bushel Total Gain = $750.00 Evaluation (What went wrong) I could wait longer to capture more potential gains as the price was still falling - line chart is still downward sloping However, I wanted to realize the profit that I already made. AAEC 4317/5317: Commodities Futures Trading and Analysis Futures Trading Worksheet Student Name: Contract Name Open Date Open Open Position Price Profit/Loss Close Date Close Price Corn, Jan 21 07/20/20 1 Short 385.00 cents per bushel Justification (Provide at least three) 1. Hanging Man after a rise 2. Start of a downward sloping line (line chart) 3. Price below both moving averages 4.RSI crossing the 40 line from above 5. Price is falling but volume is increasing - strong bearish signal 08/06/20 1 Long @ 370.00 cents per bushel Gain = 15 cents per bushel Total Gain = $750.00 Evaluation (What went wrong) I could wait longer to capture more potential gains as the price was still falling - line chart is still downward sloping However, I wanted to realize the profit that I already madeStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started