Short 1 S at 1551.25

Results:
+7.75 or +$362.5 (before commissions)

I have so much things to say. Yesterday I talked about the first sign of weakness in grains, so today I entered two short trades. The previous wheat trade was not as clear, so I used a tight stop, which got stopped out on a small wiggle at +$75. What was not clear was that I would like to see all the grains sync together, but corns and beans were not following wheat yet.

Shortly after that, corns and soybeans were approaching the low of the day. I entered a short on soybeans. I saw overnight low at 1543 level and I thought if we could take out that level, we will see the previous day's low at 1534. If we take out that low, we're talking about at least 1520 level. As beans moved down, I trailed, but guess what, I got stopped out at 1543 on a small bounce before taking the prev low. So I left lots on a table, but trading 1 lot is hard because you need to book profits, yet need to trail accordingly.

Now, I see more drop in beans / corns for next few days. I will add additional contract on my beans/meal spread.