Corn Dec 05 gap down
It is kinda frustrating after seeing Corn Dec 05 gap down today. I covered my short position yesterday as stop loss order was triggered before market closed. But after all,It is just ‘too bad’. Chasing the trade now is not an option, it is not in my plan.
There seems to be a pattern. Guess, I have some work to do now.
1. Is the stop loss point appropriete for commodities trading? Financial futures market is more volatile than comodity market. Using exactly same approach might not be a wise act.
2. A big tail (Day Low, but closed slight lower than open) yesterday shows a pattern.
This is why i love this business. You simply can’t stop learning. There is always something new, be it good or bad.
