We had an average down in 11/21 of the Short Soybean Trade and
an average down today on the Short Euro trade.
While both of these moves are very aggressive, we have quite a large surplus of cash in the commodity account with how profitable it has been, so there is a safety net of sorts here.
These also were not blind average downs, but based on what I continue to perceive as weak markets both in the Beans and the Euro.
However, with the addition of these two positions I will have to tighten up the stop on both trades as if they are going to make their respective moves lower, it should take place in short order!
Monday, November 26, 2007
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