wow thanks a ton for the comments TX...I've been trying to characterize and get a feel for the market but had been struggling because once I thought it would trend for thed ay it would revert back down etc... so you comments kind of slapped me in the face for a wake up to realize thats is how...
thanks for the response. Cattle trade pit and electronic and I agree, lower commissions would be better but I'm in Canada and its pretty well the best available. I should have described the profit target better, it's a goal or minimum. somedays open low and close high or visa verse and once I...
So here is my new day trading strategy for the Live Cattle and Lean Hog Contracts.
Daily goal is $300/day minimum with a strict policy of not chasing extra profits once threshold is reached.
Principles are: do not trade the opening volatility, 1 or 2 trades per day, trade break outs and...