Tuesday, January 8, 2008

Wheat - the manic depressive grain!


Can you believe this chart? Timing in trading grains is essential. If you got out of this first long trade too late, you would have been selling into a panic of long traders trying to get out just as everyone else was doing the same.

The lesson? Don't get greedy. Take you profits! And the corollary is to take you losses early. That way, you stay in the game to play another day!