This is a sample entry from Brian Cullen’s email newsletter, The Cullen Outlook, published on December 17, 2012.
February LEAN HOG
SELLING at 85.40 on a LIMIT order (GTC) …last trade 85.15
- Risk will be above the recent high of 86.40, …($400.00)
- OBJ will be the recent low and near 50% retracement level of 83.40 …$800.00
It may not be possible to limit losses to the exact loss limit depending upon market conditions and the possibility of limit moves.
Have a look:
STRATEGIES USING COMBINATIONS OF POSITIONS, SUCH AS SPREAD AND STRADDLE POSITIONS MAY BE AS RISKY AS TAKING A SIMPLE LONG OR SHORT POSITION.
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