Short corn trading resume

Original link: https://muyexi.im/zuo-kong-yu-mi-jiao-yi-fu-pan/

At 9:00 p.m. on October 24th, commodities generally fell, and soybeans were obviously weak. Will they fall below the flag relay?

ZS1-_2022-10-28_21-21-02_f731f

At the same time, the corn “boundary is gaining momentum”:

ZC1-_2022-10-28_21-20-57_01680

After comparison, I chose to short corn with my stop at the top of the border range.

On the evening of the 25th, corn quickly rebounded from the border, and the position changed from a floating profit to a floating deficit. Doubtful, but I plan to wait and see.

On the morning of the 26th, it was found that the position was stopped.

reflection

  1. Soybeans are weaker and more suitable for shorting.
  2. Going short because corn looks high is not objective.
  3. Corn hasn’t broken below the trend line, so it’s not a “frontier poised” here.
  4. The stop loss is small and set unreasonably.
  5. If the market does not meet expectations, you should stop losses in time, and luck is often the beginning of losses.

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