Seriously my target was @ 9.7 on this long term spread. It stayed for one month around 8. Now it is @ 2... My targets are always a bit too far...GRRR... I just liquidated half @ 2. I am really pissed.
the rest @ -0.8. LOL at me. I should have tracked the white premium and recognize that this downfall was imminent. I seriously need to put more reachable targets.
Got stopped @ -0.05. The entry was at "-" 1.850 by the way. It was meant to happen. What a smooth counterseasonal trend...
That was such a crappy trade. At the time I doubled my exposure to short cocoa spreads thinking the early january crash was the end of the inverted market. Outright didn't recover but spreads for sure are trending higher. Out@ 33.