This is the Weekly Summary Email of the Trade Spotlight advisory service for the week ending on September 10, 2021.
Long the December 2021 Corn on 513’4 (9/10/21). Market settled at 517’4. Marked-to-market profit of $200.
Sell stop for the December 2021 Corn contract at 498’2, below monthly lows and the 89-day Moving Average, GTC. (Initial Risk: $762.50, plus commission and fees)
Sell limit for the December 2021 Corn contract at 548’2, near the 200-Day Moving Average and a potential resistance level, GTC. (Reward: $1,737.50, minus commission and fees)
Purchased and stopped out of the first Corn position for a loss of $750 (9/10/21).
Stopped out of the long September 2021 Euro Currency contract from 1.17820 (8/26/21) at 1.18620 (9/07/21) for a profit of $1,000.
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HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
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