Thursday, November 01, 2007

Burned by the Beans


Read Full Post.....

The Soybean futures market behaves totally different from the stock index futures, and behaves very differently even from the other grains (corn and wheat). Now I have the rest of the day to stew over what I did wrong. Probably the first one is to ask myself why I jumped into trading this market so impetuously without first studying it some more to develop an understanding of its characteristics.


Denarii said...

Beans and Grains trade a lot different than stock indexes - I trades a lot of grains in the 80's. if you have problems with Beans - I would suggest Gas-X - lol - works for me - Denarii

Phileo said...

Hi Denarii,

Thanks for your comments. Yeah, when I trade ES, I usually refer to YM and NQ as a tool, to help guide me in the direction, since all three trade in the same general direction. Unfortunately, this technique does not work with the grains, at least not today.