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SEIL | Have been long CBOT Dec wheat for about a month. Currently behind 10 cents or so. Got 3 months to go. Won't take a loss unless I have to on the last day.
Waiting for what I believe is a bottom (at least short) term in the Nov soys. I, just like everyone in my area including at least 200 miles north of me, have several hundred acres of small soys that are certainly in frost jeapardy. If the beans don't get frosted I'd be happy to take a loss on that one particular trade.
Only make about a dozen or so trades a year when we get everyone leaning one way. (As in now) then wait for a large move day either down hard and I go long or up hard and I go short. I'll be happy to post on your blog if I remember. I do trade a whole lot less due to being a MF Global theft victim. Bonpas SEIL | |
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