Man, grains got beat up again today. I was pretty surprised to see ZCZ just blow through any support at $4.00 today. Gapped lower on the open last night, didn't look back. I was definitely not expecting that.
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My spreads haven't been having the best past few days. I believe several of you are in the same ones though, so I guess we are all right there on wheat. Nothing major though
Same with my ZS. Such a broad move in a month and a half. I really thought it was going to reverse at 980 and maintain the range. Should have listened to what was happening to Wheat which was leading the way.
Out most of it @ -9.25. This trade was stupid. I just wanted to be long "something" after missing grain acreage/ stocks rally...
I was debating on doing the same also. I have had a good streak the past couple months but have been getting absolutely hammered the past couple weeks.
Why? To be honest, i think it's kinda strange exit. You did it right at the support. Maybe it's the beginning of the seasonal up move, the volume's got bigger. Also IMO nearer spread is better
Part of the reason is that I am "deleveraging" before going on vacation again this week end. Also It was kind of a short term breakout "scalp" and the seasonal window is closed for this particular spread I guess. I had a bad feeling right when I entered... I initially had a limit order lower than -7.5 but didn't want to miss the train and ended up not even waiting for the breakout which actually never happened...A newbie trade completely.
I have sometimes bad and good feelings about my trades, however I dont know yet if it's relevant information so I mostly don't use it. Most of my bad/good feelings is due to regular loss/gains on a trade. What do you do when you have good/bad feelings about your trades ?