The following: And a general sense that you really have no idea how the forward markets even work. I've been trading for over 6 years, most of my adult life. I type from experience, not from some trader book.
Your own words, mister BiGs: Takes delivery or Rolls over into the next. That is the choice. And thus, They dump the position, By taking delivery, Cash in the pocket. or Cash out the pocket. The Cash, Then compensates for, The gain, or The loss, In the Cash Market. And, That's how hedging, Works. Then, Why are you confirming, what I said, after denying it, and again? Should I now have a general sense that it is because you have a Profit to Realize, in that Cash Market? BTW: This book, Is Written By, Todd Lofton, Former member of the Chicago Board Option Exchange, Former president of Investor Publications, and the first publisher and editor of Commodities (now Futures) Magazine. Mr. Lofton received his master's degree in financial management from the U.S. Naval Postgraduate School. Google aBIT for the author of your "some trader book.". And try to improve your "Trading" blah blah. If you want to Realize Further Profits. I had already digged your blah blah, so it will be for others.
It's like someone is typing my own thoughts for me.... P.S. I've been gone a while. Did I miss anything... perma-bulls still mega perma???