Commodity Trades

[SSI]

1. Long 2 april LC 93.52, stoploss at 92.47, profit target 94.92...

will update this thread, as changes occur......

 

[SSI]

ok boys the real deal started today for me..........

I went long 2 april cattle at 93.52...... we have a higher high today and a higher low, both good indicators for continued higher prices.. the chart looks good for a run back to the 95.00............

My profit target is in at 94.92........... i will be raising my stoploss tomorrow to 92.67........... this is just under the 93.70 low made last week........ My indicator for tomorrow will be todays low 93.35, this low needs to stay in place..... if it comes out, i may start thinking about a place to end this trade early, thus reducing risk even more.......

now risking 85pts ($340) to make 140pts ($560), thats on each contract..

 

[SSI]

was not encouraged at all with the close today........ 93.40...

currently down 12.5 pts or $50 on each (-$100).......

we sit at 93.40, todays low was 93.35......... if we take that low out tomorrow (highly probable)........... this trade will have to be re-evaluated quickly..........

this could be a trade, in which we must cut our losses, todays high of 93.90 will need to come out for me to get encouraged by this trade......

so much of real trading is cutting losses short.......

hope this isnt the case but i must be prepared, either way.......

will update tomorrow (tuesday), when changes to trade are made..