Thursday, May 1, 2008

Soybeans Make A Nice Move Lower

The first full day of holding the short position in the July Beans and we were given a very nice move lower that quickly put us in a decent profit.

This being the case, the protective stop can be moved down to the breakeven level, effectively making this now a risk free trade. Risk free trades are the first and foremost type of trade we look for and we were fortunate enough to be given one so soon.

The decline in prices should continue and quite violently at that so move your stop to your breakeven level and get ready for a move lower that could possibly take your breath away!

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