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TFC Commodity Trading Forum

Re: Nine Buck Beans...
In Response To: Re: Nine Buck Beans... ()

Have no idea as to how high she goes...neither does anyone else.

It's really a waste of energy to contemplate such things. Take for example your last estimation of it going up maybe 70 points. So it did and more. The "and more" made guessing at 70 points an exercise in futility. Suppose you had that idea set in stone in your mind and you acted on it...you would have made you're 70 cents but look what you would have left on the table...another 20 cents, so far. That's another thousand per contract.

In the meantime...if you were in where I said was likely a good place to get in...near the perfect test of the nine dollar line...later to suggest pulling stop to 9.50 and now suggesting pulling it up yet again...maybe to 9.70...depending on your tolerance for giving back profits...you wouldn't care where it was going until it gives you reason for concern that it might stop and turn down. That could be as high as 15 dollars. I don't know.

So...I don't care. Just keep trailing that stop and have a good day fishing or playing on the lake.

Whatdaya think?