Dow futures are 400 points off their lows. The low was 11,088. Buy area was 11,200-180… I hope you bought there.
If you did, take profits on 1/2. Reward yourself. Make sure that your winning long NEVER turns into a loss. Put a protective sell stop above your buy level and fold your arms.
I like taking profits on 1/3 to 1/2 of the position. Fold your arms.
On a second note, I think you MUST buy some CZ futures or options if we settle above 715.
The corn has held up AMAZINGLY well during this stock index correction. That suggests underlying strength.
That is all.
I hope you took the trade and made good dough.
If you didn’t, please do not chase this market. Look for a break back to buy something.
CER