Thursday, May 15, 2008

Remain Short Soybeans, New Positions Can Be Opened On The Short Side

I continue to hold Soybeans short with a very modest paper loss.
The beans continue no look and act, like a bad accident just waiting to happen.

I have a $750 flat stop per contract on a closing basis only.

If you did not take the short trade before, then the beans are offering you yet another opportunity to get on board and at a better price I may add.

As always don't forget to put a stop loss in place to protect your capital should things go terrible wrong.

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