Long

Soybean bottom

Updated

FUD and counter FUD cancel each other.
Food is important, it should be expensive.
Think of the farmers!

Let's fill our bags and run away with sellers money muahahaha.

Trade active

AAAAAAAAHHH TOO MUCH GOING ON
ENTERED SOYBEAN FALLING KNIFE

Note

I do not like how things are going but I will wait a bit.
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.
Screw this.

Note

Well at least moving my stop loss up prevented me from getting stopped at the very 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.

Note

I had a hunch I entered too early, it was strongly downtrending.
Geez man.

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.

MrRenev

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