Thursday Trading

[SSI]

still watching my cattle trade..

Long from 93.70, stoploss in at 92.80, will raise the stoploss to 93.55, if we trade over 94.60 today..

otherwise, i sit and wait..

Looking at a Corn/Wheat spread today..

Long corn/Short wheat............. hoping the price between the 2 narrows. currently running at 67 cents difference....... mar corn 415, mar wheat 482..

other than that, im still watching my other markets and charting..

Berncake speaking now, so maybe we get some movement in the emini today........

feels really strange to be without sports but thats what im doing..

im devoting 18 months of my life to become a full time trader...... broken up into 100 day segments.........

good luck to all.........

there is a lot of risk in futures trading, so dont think otherwise.....

 

[SSI]

real trade #2..

Long march corn 412
Short march wheat 482

70 cents difference.......

i want the spread to narrow, the price between the 2......... make or lose $50 for every cent the spread moves........... Looking for 50 cent differnce or lower, will risk to 80 cents..... so in line of at least a 2-1 ratio..

still have cattle long, for now........... lower low today.. will decide what to do by close today........