Ensure You Buy At The Best Possible Future Market Price To Gain Profits In The Future Market

by David Jenyns on December 5, 2006

Ensure You Buy At The Best Possible Future Market Price To Gain Profits In The Future Market
One day a strong rumor floated into the market that BALD-WIN-LIMA-HAMILTON, a firm of railroad equipment manufacturers, had received an order to construct an atomic train. Wall Street acted on this at once. The future market price shot up from 12 to over 20. By the time I heard this startling information, the future market price had risen to what later turned out to be its peak. I bought 200 shares at the future market price of 24 & a half. The purchase future market price was $4,954.50. I held the future for two weeks and watched with utter unbelief as the future market price slipped slowly back to 19 & a quarter. By then even I realized that something was wrong, and I sold it for a loss of $1,160.38. However, I had done the very best thing in my bewilderment. I could have fared much worse with that future, since the future market price later went down to a low of 12 & a quarter.

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