Friday 12-7 Soybean Trade #5

I hated the waiting on this trade. It was just slightly profitable, so I wanted to wait and see if the market would continue upward, which it did. I set a stop at just above break-even, so I knew that at least I wouldn't lose money. Fortunately, prices moved upward again, so I made a little more profit on this one. I should have kept Rule #1, however, and exited earlier. I was just plain lucky. I think I came to within just 1-2 ticks of my break-even stop being hit on this one.