DO NOT LISTEN TO ME on this one unless you have a high-risk tolerance.
Personally, I do and I believe the peak in prices for a little while has already happened.
In any case, my SL here would be like $10 to make $30 at these prices. You can wait for a better setup but I am scaling in and sold some at 80.25 and will sell a little more here.
This is a trade based on scaling in and fundamentals, with significant risk tolerance. There is not set up yet, I believe one will come but it is not here yet. This is a speculative trade based on fundamental beliefs that I am scaling into and out of using futures over a 2-4 month period.
Personally, I do and I believe the peak in prices for a little while has already happened.
In any case, my SL here would be like $10 to make $30 at these prices. You can wait for a better setup but I am scaling in and sold some at 80.25 and will sell a little more here.
This is a trade based on scaling in and fundamentals, with significant risk tolerance. There is not set up yet, I believe one will come but it is not here yet. This is a speculative trade based on fundamental beliefs that I am scaling into and out of using futures over a 2-4 month period.
Comment:
Adding to position here, probably use a SL above recent highs.
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