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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 our opinion on trades and what is going on in the market. All trade recommendations are made in "The Pit". 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. If you have any questions feel free to reach out to us via email. Archives
May 2021
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