We got stopped out close to 949 Friday. Wheat was very volatile last week. With the nice profits we have gained this year in wheat, this loss is ok. We will continue to look for another trade. If we decided to trade a bullish continuation trade, we are going to use a tighter stop due to the volatility the commodity is experiencing now. Typically, when a top or bottom is being close to being reached, volatility comes into the market.
For EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose .
