Friday, August 5, 2011

Finally got the trade on, in at $134.50

The feeder cattle entry finally happened today, low risk perfect setups certainly require patience. Long 10 contracts $134.50 at the 50% retracement and gap fill. Stop 1 tick above entry point so it's a free look. I'm looking for a run to $150, potential profit is 15 X $500 X 10 = $75k, risk = 0 other than a couple limit down days in a row jumping my stop.

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