Trade Update: March 2012 No. 11 Sugar Futures

Price action in Sugar is inconsistent with our short-term outlook.    It is still possible for the trade to work, but in order to protect ourselves, we are immediately lowering our stops to 23.87.   This may stop us out prematurely, but we can always re-enter the trade if it looks attractive after any stops are triggered.   Sugar is volatile today so there is a possibility that we take further action with it today including the possibility of a closing out some or all of the position even if the stop is not hit.

We will discuss the sugar trade more in our weekly wrap-up this weekend.

This is a fictitious model portfolio managed to demonstrate trading techniques which may be used to trade a speculative account. The description of this hypothetical transaction is for education purposes only. Nothing related to the portfolio should be interpreted as a recommendation to buy or sell any security and the general techniques employed may not be suitable for every individual. Past performance of these techniques or this portfolio may not be representative of future results and results shown may vary from actual, live trading results subject to commissions and live market conditions including liquidity.