ChrisLee
Long

Long Soyobean

CBOT:ZS1!   SOYBEAN FUTURES - ECBT
157 6 1
Long Soyobean, TP ML 1460
jbj0120
3 years ago
I don't think there is enough bad news for soybeans to drive the market up...The Nov USDA report will bring in some strong info due to the lack of the Oct report....I'm not comfortable with an entry yet either but I do believe to look long for soybeans for next year....I just don't think the beans are out there like they keep claiming
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ChrisLee
3 years ago
Hi Jbjo120, The yield for soyobean not much different from last year as this time period. As a trader we act according as price action, unless you are trading base on News
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jbj0120 ChrisLee
3 years ago
thanks chris,
Not necessarily news...information...look long for beans soon.

looking long for corn in the near future...suggestions/comments?
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ChrisLee jbj0120
3 years ago
Hi JbJo120,

Direction Trader will have 30% right, as market can move up, side way or down.

If you intend to capture high % of sucessful trade, you can apply Iron Condor by Selling Higher high and Lower low.
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ChrisLee
3 years ago
Hi Generationyfarmer,

You may want to decide are you a directional ( trend ) trader or Non-direction.

For directional trade you want to keep the losses small and let the profit run, once enter the trade you can leg in Selling Call on top as a free trade.

As non -direction, we may Selling Far OTM at CALL / Put as Iron Condor

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