Not too sure exactly how good of a trade this was , first time playing BAL end of day entry . I got a horrible fill and realized that's because BAL only gets about 7K a day avg volume and in addition to that , the etn does not do the best job of mimicking cotton futures like its intended to do .
But the stage 2 up trend is certainly valid and cotton has been one of the stronger commodities I have been watching , so still a valid trade . I would suggest using a limit order though , don't me like me , Mr Market order ~ .
Entry - 86.11
Stop 82.78
PT1 - 89.33
But the stage 2 up trend is certainly valid and cotton has been one of the stronger commodities I have been watching , so still a valid trade . I would suggest using a limit order though , don't me like me , Mr Market order ~ .
Entry - 86.11
Stop 82.78
PT1 - 89.33
Trade closed: stop reached:
this was stopped out on the 14th below the stop as we had the gap down at open but i see cotton futures is down 17 % so that stop was a blessing , not sure why its down so much but happy i was out prior thanks to my stop loss .
艾力克~