This is the Weekly Summary Email of the Trade Spotlight advisory service for the week ending on October 21, 2022.
Buy the December 2022 British Pound futures contract on 1.1512, GTC.
Place sell stop at 1.1352, below Thursday’s session high, GTC. (Risk: $1,000, plus commission and fees)
Place sell limit at 1.1752, a potential resistance level, GTC. (Reward: $2,500, minus commission and fees)
You can trade the micro contract with a margin requirement of $280.50.
Stopped out of the short December 2022 Soybean Oil futures contract from 65.85 (10/11/22) on 66.85 (10/17/22) for a loss of $600.
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Send questions specific to current or past trade recommendations, or any commodity related questions to firstname.lastname@example.org.
Beyond the Spotlight
Watch your inbox Monday mornings for the Beyond the Spotlight video that will “spotlight” two to three markets that may setup as trading opportunities for the week ahead. You may also view the videos here: https://www.youtube.com/user/dtDeBartolo
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.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADE PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF THE HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
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