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Shorting Beans

11/23/2014

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This is not a hedge or marketing recommendation.  Simply a trade I plan to enter should beans rally to $10.60.  If this happens, the head and shoulders top would dictate that the price should fall to around $9.50, or a $1.10 move.  The entire position would be automated with stops and One Triggers Other orders.
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I plan to enter this position as one short $10.60 Jan Soybean Contract with a stop at $10.80 to manage the risk.  The total risk reward would be  at 5.5 reward to 1 risk which is pretty good.  I would exit the position at $9.50.  If this happens, I expect it to happen soon.
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Steve Wade and Tyler Wade of Wade Assurance are associated persons for AgDairy LLC.

                           Commodity Risk Disclosure Statement

The risk of loss in trading commodity futures contracts can be substantial.  You should, therefore, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

Wade Assurance is an equal opportunity insurance provider.
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  • Home
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