Tuesday, October 9, 2007

Lock In Your Profits On Soybeans

The beans had quite a rally today and produced a bullish 3 day chart pattern.

We have a nice profit in the bean trade and want to protect those profits, so place a buy stop to exit your short position at 9.54 4/8

There is a possibility that the first leg of this decline is over and a decent rally may ensue. If the rally does not materialize then we will continue to profit from the short position.


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