Sold December Corn at 660, stop placed at 670. More selling today in the grains. I was thinking that after last week's bloodbath there would be more buying. I guess not. Corn is on its way to limit down as I write this.
Update 11:10am: Corn is limit down for the third time in a week. Stop moved to entry point of 660.
Last edited by Jameson; June 22nd, 2011 at 12:11 PM.
Update 8pm: stop moved to 434, ensuring of me of no or very minimal loss. My target to move the stop was 429 and it didn't quite get there. It got to like 4296 then started drifting up. I figure that was close enough; I'm not going to risk a loss over that last $60 per contract. I have pretty firm rules about trading but there is some room for judgment.
Last edited by Jameson; June 22nd, 2011 at 09:02 PM.