Bearish on grains & wheat
Updated
Been a while since I posted about agri.
Price is around its average now, I see no reason for it to skyrocket.
I don't think this little rally is a new trend, I see it as a correction.
And the short term uptrend is probably just noise that kindly comes fill my shorts.
Technically the price around 490-495 is a sweet spot to short this which makes it interesting.
We let the amateurs trade everything to make sure they don't miss out.
Market can stay irrational longer than you stay solvent so use a stop loss.
And also, it's not 100% sure the price is supposed to go down, might be wrong.
So in any case, stop loss (or something else) is good.
Price is around its average now, I see no reason for it to skyrocket.
I don't think this little rally is a new trend, I see it as a correction.
And the short term uptrend is probably just noise that kindly comes fill my shorts.
Technically the price around 490-495 is a sweet spot to short this which makes it interesting.
We let the amateurs trade everything to make sure they don't miss out.
Market can stay irrational longer than you stay solvent so use a stop loss.
And also, it's not 100% sure the price is supposed to go down, might be wrong.
So in any case, stop loss (or something else) is good.
Trade closed: stop reached
Have no idea what I'm doing tbh.Just had a surge in how much markets I wanted to look at. Wanted to give this a shot.
Going to keep an eye, curious how this turns out, but I have no idea how this works tbh.
Probably best if I stick to my dozen currencies and handful of indices, metals & energy.
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