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Middle TN | Yes, I want to use the stop to enter a trade as a hedge. In other words, let's say the market has reached a price that I'm comfortable forward contracting grain. I have a bad habit of waiting to see if it goes a little higher before selling and then backing out when it goes down. (A couple other reasons I do this is because basis is typically weak on forward contracts vs. waiting and my end users won't contract very far out anyway. I am thinking I could create a futures order that triggers with a trailing stop of say $0.10 on CZ15. Once the order is triggered, it would be executed at the market price. I would buy to close when I sell the cash grain. | |
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Futures Rookie
