RM's occasional market calls...

He said he dropped 6.6 % of his trading account assuming he would exit on yesterday limit. Obviously he wasn't able to do it. If he exited on today premarket he would drop about 8-9% . In worse case he was liquidated at 114.6. So it is 12-13% loss of trading account. Not big deal for this Big Baller.
p.s. What if he played this down move from 114 to 109 on a big size and in profit now.
 
Blotto said:
Thanks RM for putting me onto this market, I don't usually track livestock.

Took 2 cents a pound in about 20 minutes. A wise trader once told me to always leave some for somebody else.
More...

Congratulations. That was ballsy. See you exited at market so assume you were only trading small size?

Care to give any hints as to what led you to enter the trade given the risk of the market locking limit up again?
 
Aitch Ef Tee said:
Let's see what happens around 113.1. Could be a sensible place to get short depending on how the market reacts?
More...

Did you enter? Price never quite reached 113.1 and there wasn't much liquidity around 113. What was/is your target?

Long entry at 110.5 if there is any evidence of accumulation early in the pit session.

Anyone heard from the OP? Was his damage fairly limited? Those big hits can put the shits up you for days.
 
Blotto, please email me! You keep sending texts which I am unable to reply to because your ET account doesn't accept PM's, plus you mentioned you changed your email address, so this is the only (awkward) way I can contact you...
 
You must log in or register to reply here.
Back
Top