Trade summary for Soybeans (long):
- Entry: 1321 2/8 (see Soybeans)
- Exit: 1402 (see Soybeans)
- P/L: (1402 - 1321.25) * 4 * $12.5 = $4037.5 / contract
- ROC: $4037.5 / $2970 * 100% = 135.94% / contract
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7 comments:
Boon,
i not undertand. . .why the calc on P/L need times 4. I know is something related with the tick size.
What is meaning of 1/4 cent/bu?
please assist. thanks
bu = bushel (the unit used for Soybeans)
A 1/4 cent move in price equals $12.50 per contract.
A 1 cent move in price equals 4 * $12.50 = $50.00 per contract.
And each contract is for 5,000 bu.
And the price is quoted in cent.
Boon,
Thanks for your reply.
No wonder trade in future can earn so much .It is because of the leverage? Thanks for sharing.
hello
how do u guys buying all this stuff like soybean, cocao etc...? How to open an account and how to trade?
I really have no idea at all. if the sifu out there can show how, i really appreciate it. thank you
jeffrey
Please refer to:
http://tradebursamalaysia.blogspot.com/2008/02/some-humble-suggestions.html
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