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We are couple weeks into the first speculative trade which was to buy July Lean Hogs @ $80.50 back on October 15. . Since then, prices have now moved to 82.85 near the first target I had set. The guaranteed money here is pretty good if you decide to exit the trade. If you sold here, you would make 2.35 X 400 = $940 per contract.  If you decide to continue holding this position, I suggest increasing your stop to $81 to at least guarantee a $200 gain to preserve capital.
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This PageThe Speculation page is used for educational purposes and to talk about current trades we are in. The Pit is where we post new trade recommendations. This is also a blog page where you can ask questions, post your thoughts or ask for help. Be sure to use an anonymous name as you may not want your neighbor knowing what you are up to. Archives
October 2020
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