10/13/2014 – Soybeans
Nov. soybeans:
1. In Friday’s (Oct. 10) Williams edge live meeting it was noted that Nov. soybeans (then trading at approximately $9.40) could be sold short for an expected decline to $9.19 profit target into early this week (week of Oct. 18).
2. Nov. soybeans declined sharply today and completed the $9.19 downside target (today’s session low, $9.15). This completes the trade. Will message any further entry or indication in Nov. soybeans.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.