Monday, January 7, 2008

Stopped Out Of The Long Feb. Hogs Trade

We were stopped out of the Long Feb. Hogs trade today with the close below 56 even.

This was a loss of $590 per contract.
Nobody likes a loss, but the stop did what we asked it to do.

I am going to wait for a break of the wedge to the upside before I get long the Hogs again.
Perhaps I was a bit hasty in my decision to go long the hogs in the face of lower prices.

The other three positions remain in tact.

No comments:

Trend Analysis LLC Headline Animator