Monday, September 14, 2009

natty got as high at 3.30

I reco'd going long natty on dips when i bought in again  at 3.17 you could have gotten 3.19 at worst  i cant alwways tell you when to get out but a good rule of thumb for me is take profits a double the stop  so if you bought at 3.19 set stop at 3.14 sell take profits at 3.29 and do this like clockwork taking profits is crucial to being successful in this game if you risk appetite is smaller than shrin your stop to 2 cents and consider either moving stop after a 6 cent move in your favor to plus 2 profits thereby guranteeing profits while keeping the shot on so to speak