23 March 2011

Wheat : The One That Got Away

  • Not too much going on tonight. Hence a nothing post.
  • Had my finger on the sell button at 780, based on the negative weekly and break of the daily bear flag (08Mar).
  • But did not execute because of 1. tight capital constraints and 2. worry about a deficit of "attention" capital ie spreading myself out too thin over too many positions.
  • Thus, missed a fast 13% move. In future I should do just 1 lot when faced with a similar position.
  • This still looks a sell if we can see it around 750. (see previous bullet).

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