This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight: Futures, published on Thursday, December , 2016.
There is a trade opportunity based on a Trend Line breakout today in the Corn futures market. The Trend Seeker is Down with an Extreme ranking. Momentum is strong to the downside.
Sell the March 2017 Corn futures contract at 345’0 using a limit order, GTC.
Entry is a pull back of halfway of today’s trading range. Initial margin: $990 Maintenance margin: $900
Stop loss: Place buy stop on 355’0, above the recent highs and 20-day and 50-day Moving Averages, GTC. (Risk: $500)
Target: Place buy limit on 325’0, the twelve-month contract low, GTC. (Profit: $1,000)
March 2017 Corn Chart
You may trade the mini Corn contract with an Initial Margin of $198 and Maintenance Margin of $180. The risk would be $100 and the profit would be $200 based on the same prices above.
Contact your Daniels Trading broker by phone or email to place this trade.
STOP ORDERS DO NOT NECESSARILY LIMIT YOUR LOSS TO THE STOP PRICE BECAUSE STOP ORDERS, IF THE PRICE IS HIT, BECOME MARKET ORDERS AND, DEPENDING ON MARKET CONDITIONS, THE ACTUAL FILL PRICE CAN BE DIFFERENT FROM THE STOP PRICE. IF A MARKET REACHED ITS DAILY PRICE FLUCTUATION LIMIT, A "LIMIT MOVE", IT MAY BE IMPOSSIBLE TO EXECUTE A STOP LOSS ORDER.
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
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