I finally had a bit better luck with my trading today as I put in an open order for September Soybean Oil this morning. This was for the Soybean Oil trade that I talked about in yesterday's blog. I put in an open order to go long one contract at a price of 38.10 or lower. My open order got filled at 38.08. I set my initial stop at 37.77. Fortunately, the market closed at 38.21 today which was a gain of 13 points or $78 from my entry point. One point in this market equals six dollars. Again, I'm looking for this market to go to near the 40 cent level.
For a look at all of my trades, please go to http://www.mylearn2trade.com/
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