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Published by wsam29
01-25-2007 |
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By
torero
on
01-25-2007, 03:32 AM
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Re: Viewpoints of a Commodity Trader
Since you're more seasoned grain trader than most of us here, how does one deal with limit-up and limit-down days? Is there another options to prevent from being locked out? I've read about it and i imagine if you're caught on the wrong side, must not be comfortable going home with your position locked in. Nice if you're in the right direction.
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By
wsam29
on
01-25-2007, 08:23 AM
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Re: Viewpoints of a Commodity Trader
Just be mindful of those days when the WSADE report gets released, then again the charts will speak to you when they are due.
I think the WASDE reports are due out on the second week each month. Don't ask me which reports are more important than other, just watch how the tape/market reacts to the reports. Also trading spreads will help minimize the volatility big time in those markets. The CBOT also has great information regarding trading spreads. If you cannot sleep with an open position, close it out, since grains are 24 hours now, you are able to liquidate in the middle of the night to ease that curiosity. Then again, there are other issues regarding having those thoughts that I have experianced. |
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By
KhurramNaik
on
01-25-2007, 01:55 PM
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Re: Viewpoints of a Commodity Trader
Have you read Jankovsky's "Trading Rules That Work?". There's a review in the latest SFO: SFO Magazine Official Journal for Personal Investing in Stocks, Futures and Options
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By
wsam29
on
01-25-2007, 04:10 PM
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Re: Viewpoints of a Commodity Trader
if the "globex" session is trading at its upper limit range, once the pit opens and trades at the limit, the market locks up in the RTH and no trades will be executed on both pit or electronic. the limits change from time to time currently they are, but don't hold me to it: corn +/- 20 cents wheat +/- 30 cents beans +/- 50 cents (I think, this was the only market that did not lock limit last week or so) best way to avoid those sleepless night either enter your trade as a spread or just get out before a report if you are scared. |
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LinkBacks (?)
LinkBack to this Thread: http://www.traderslaboratory.com/forums/f8/viewpoints-of-a-commodity-trader-1079.html
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| Posted By | For | Type | Date |
| Traders Laboratory | This thread | Refback | 03-08-2007 11:13 AM |
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