Food is important, it should be expensive.
Think of the farmers!
Let's fill our bags and run away with sellers money muahahaha.
ENTERED SOYBEAN FALLING KNIFE
GBPAUD my other trade is going well and my win will be 2.5 times bigger than a loss here, plus SPX going well too.
BUT if it really keeps falling and smells bad, I am getting out of that falling knife soybean future early and keeping the loss small. It did not bounce it keeps going it stinks.
That diagonal line conveniently placed at 8$ is the last chance I am giving it! Otherwise I won't buy before 7.75 a bushel. And only if I see a rock solid bottom.
Might re-enter on a double bottom.
Glencore reading this? Might or might not take the opposite position of what I post.
Or just not post it.
Well not going to re-enter. I think it was a mistake to enter when I did and I should have entered, but a bit further.
It's an art not an exact sense. Yes usually it goes a bit further than expected when the momentum is this strong.
I feel it makes sense that it went this far.
- Mark Karpelès, master troll.