Friday, January 18, 2008

Soybeans: Quick trades, healthy profits!

In the opening half hour of trading, the soybean bull trend appears to have broken down. Here are the first five trades of the day. The second long lost money, but only a couple of ticks (in the middle of the second chart, I went long, and got out almost as fast); the others have all made money.

Now that it appears the the soybean bullish trend is finished, fast, agile trading in both directions is the order of the day. As a swing trader, this is my specialty. I like trading both directions, as I can make money going both long and short.