09 October 2010

Corn : The One That Got Away

  • This closed on Friday locked limit up.
  • 2 weeks ago : Op 522 Hi 528.8 Lo 465.8 Cl 465.8 (A)
  • Last week : Op 460.5 Hi 528.3 Lo 454.3 Cl 528.3 (B)
  • Incredible price action. 2 consecutive nasty reversals.
  • (A) took out my trailing stop on my nice long position. Missed (B) as a result. Then again, perhaps fortunate not caught short given reversal (A).
  • Trying to think how else I could have done better. Given my objective was 552, maybe I should have lightened up a lot more when I sold 522s (near objective). Then I could have sat out the pain of (A) with a stop below 452 on the remaining small position. Easy to say with hindsight.

1 comment:

TradeDemon said...

wow, that is some nasty price action !