Wednesday, February 6, 2008

Short 2 S at 1338.75

Results:
+2 and +8 or $500 (before commissions)

I was not sure about this setup because Wheat was limit-up and only about 30 mins left, in which people who stuck shorting Wheat might buy Soybeans to reduce their risk. However, I did like the pattern that Soybeans came off its high (almost limit up), so I took the trade and it turned out well.

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