As I noted in a recent post, I've spotted some good trade entries, but left the trades before the party really got going. But I don't lose a lot of sleep over getting out of an intermarket wheat spread too soon. I do kick myself for not buying MGEX seats more aggressively. The idea of buying cheap MGEX seats has been in the slogan box on this blog page since March. Being cautious in a falling market is fine. But missing the last two trades at $95K and 105K was not good.
I guess it's still 110K offered so there's not much harm done; but that's 15% higher than a month ago when the broader equities markets haven't moved all that much...
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Tom, I continue to follow your blog daily. Keep up the good work! I'd be interested in learning more about your background, trading experience, ag experience, etc. If you don't want to do it in a post, feel free to shoot me an e-mail at nickh@marketwiseagservices.com
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