Posts by By Erik T. Long

More Profit Taking.

»Posted by on Mar 7, 2018 in Shop Talk | Comments Off on More Profit Taking.

More Profit Taking.

Profits look good as we close out all existing trades. The last trade hit the trailing stop. We ended up with some very nice profits for the 1st Quarter. There will be more trades to come soon. Standby!01/22/18 – Gold – Enter Short – We hit our stop at 1335. This gave us a nice profit of $440 per contract. We gave back some profits on Gold since last week, but overall I am happy with this and the other trades we entered into since Late December. 1st Quarter is looking good. That’s all for now

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Weekly Trade Report.

»Posted by on Mar 5, 2018 in Shop Talk | Comments Off on Weekly Trade Report.

Weekly Trade Report.

Here are some updates on our recent trading activity. The last couple of weeks saw quite a bit of trading activity. We cashed on several trades from the Long Shot Report. Here is a recap.01/08/18 – Lean Hogs – Enter Short – The Lean Hog trade was exited at 70.250. Profit – $2,400.00/contract01/22/18 – Gold – Enter Short – Still holding Gold. Currently the trade is up over $1,700.00. I am lowering stops again to lock-in profits. I like 1335 for the stops. Algos are indicating lower prices in

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Harvest Report. Beans Blew Past the Teens!

»Posted by on Feb 20, 2018 in Shop Talk | Comments Off on Harvest Report. Beans Blew Past the Teens!

Harvest Report. Beans Blew Past the Teens!

Looking good! Feeling Good! My favorite line from Trading Places… The Soybean trade is looking incredible. We blew past beans in the teens and are now in the 20’s. I see some more movement to the upside this week, but I am carefully raising stops. I don’t want to give too much back on a reversal.Our other trades are coming around as well. The short on Gold is back in the money and Hogs are still getting slaughtered. I am looking to take some profits in the next week or two. Here are my

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Weekly Update. Smooth Sailing.

»Posted by on Feb 11, 2018 in Shop Talk | Comments Off on Weekly Update. Smooth Sailing.

Weekly Update. Smooth Sailing.

No changes. Trades are looking good, smooth sailing on the horizon. No changes this week. Our current trades are looking good except for the currencies. We used options on those trades and expiration is coming up in March. We may lose the premium, but we have more than made up for it across the board on other trades. The Hog trade is looking fantastic right now. We got in on 01/08/18 and are currently up $2,960 dollars per contract! Gold and Soybeans are also in profits and I expect more to

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Drop the Stop.

»Posted by on Feb 8, 2018 in Shop Talk | Comments Off on Drop the Stop.

Drop the Stop.

Hogs headed lower, stop going too. Yesterday I mentioned that I was putting in a stop recommendation for our Lean Hogs trade. I am lowering the stop from 72 to 71. Hogs are trading at around 69.200 right now. I recommended shorting Hogs on 01/08/18 at the open price of 76.250. If we get stopped out at 71.000, we will have a $2,100 profit per contract. I still see lower prices ahead. More news to come after I run the algos this weekend.These are generally short term trades (1-6 weeks) using the

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