Ok, lets have some fun! It's been awhile since I posted something here so be kind.
This is not my area of expertise, I'm a day trader. You position traders command my deepest respect - how you sleep at night leveraged to the eyeballs I'll never know. BUT HERE'S MY TRADE (it's paper though, you wouldn't want me to become sleep deprived would you?)
I want to go LONG sugar. I will place a LIMIT order to buy 1 contract at 11.93.
The "initial" stop on this one is huge! 11.37 I will snug that up later intra-day using a 60 minute chart, but will place it there as an "account saver" should something go horribly wrong from the get go.
My target is 12.94
If I was trading multiple contracts, my next target(s) would be 13.30, 13.96 and finally 14.35
Pity the initial stop is so large (by my way of trading) but lets see how Tom and Erich would deal with this one. (I'll bet they pass on it - risk too big lol)
RobT