You remind me of the story of the guy who is picking up pennies in front of the steamroller. But this is supposedly a free country. So, have at it.
. Hey cB, Swing trader here... when the short term trend is down, I'm short, and when the trend changes the other way I change too.
Yes, I used to be a swing trader too. But I have left that urgency behind me. Now I am an investor. Good luck to you, Mr. Slope Trader.
When is it coming? Yesterday copper futures moved 5% There are many more metals (nickel, aluminium, zinc, cobalt, lead ....) that can be tariffed. Non-metals (sulphur, sodium, calcium, HCL ....) can be tariffed too. More Tariff =====> More trading opportunities!!!! The Tariff Department must be working very hard.
current price 5.12 Will it break the record high? You can do it! Com'on. Just a few nanometers. previous record high was 5.2 previous record low was 0.6
I keep selling Copper/hedged, lose on the futures and more than make up on the hedges, eventually Copper will top out. It is like Crude number of years ago when it topped around 146 and slammed down to 35, no hard commodity lasts forever.
A mega rocket. Some mega news/events during today's Asian session. The professional writers are sleeping. They will talk about it a few days later. But Shanghai's INE copper futures doesn't move much. Let's see OP's profit: 5.3700-4.0000 = 1.3725 points Let's say he traded with just 1 futures lot. 1.3725 point = 2745 ticks = $34K / lot That is very good profit in just 6 months.