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TFC Commodity Trading Forum

Re: N15 corn
In Response To: Re: N15 corn ()

Stopped-out.

I didn't make my fortune but I got paid to be here every morning.
If it hasn't become clear yet I spend a lot of time doing this.
I'm at this every weekday morning from approximately 8:45am to 9:30am.

I don't watch the markets during the day.
I enter trades and make my adjustments to my stops before the markets open.
I use stop orders to exit trades. Yes I use stops. Generally they are quite tight.( in my opinion )
A guy I call friend preached that until I listened. Thanks Spike.

If you followed my trade here I will give you a summary.

I sold 3 contracts at 387.50. Only 3 because i wasn't convinced the market was ready to drop yet.
I placed a buy stop at 396.50
I bought 1 at 379.75 and move the buy stop on 2 to 383.00
Then I got stopped out.

End of story.

Now it's your turn.
What did I do wrong? Did I do anything right.

No comments? I'm done. Goodbye

I said trading is easy so go do it. But do it with multiple contract. I don't think you can do it with singles.

Keep on Truckin'