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Short February Live Cattle

11/2/2017

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​I did not give you a day to think about the Live Cattle trade I suggested.  The research I follow gives indicates this move usually occurs later in the month, but I think it has started a bit earlier.  I think that cattle have topped for now. 
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The risk here should be easy to manage.  Go short one February Live Cattle contract at $128.50.  Place a stop GTC at $130.8 which is just above the swing high.  Your risk will be .2.4 x 400 = $920.  The target is the  38.2% retracement at $122.5.  This would give a $2,400 profit on the trade.....a 2.5 to 1 return to risk ratio.
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Steve Wade and Tyler Wade of Wade Assurance are associated persons for AgDairy LLC.

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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.

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  • Home
  • Speculation
  • The Pit
  • Resources
    • Futures Contract Specs
    • Tools
    • Terminology
    • Past Trade Performance
    • Crop Overview >
      • Corn
      • Soybeans
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      • Supply/Demand Factors
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  • Disclaimer