Trade Spotlight: Futures – Weekly Summary: KC Wheat, Cattle, S&P
This is the Weekly Summary Email of the Trade Spotlight advisory service for the week ending on Friday, October 23, 2020.
Short the December 2020 Kansas City Wheat contract at 558’6 (10/23/20). Market settled at 569’6. Marked-to-market loss of $550.
Buy stop for the Kansas City Wheat contract on 580’0, above the twelve-month contract high, GTC. (Initial Risk: $1,062.50, plus including commission and fees)
Buy limit for the Kansas City Wheat contract on 500’0, near the 50% Fibonacci Retracement, GTC. (Reward: $2,937.50, minus commission and fees)
Stopped out of the short December 2020 Live Cattle contract from 111.275 (10/13/20) on 106.175 (10/21/20) for a profit of $2,040.
Stopped out of the short December 2020 E-mini S&P contract from 3431.00 (10/19/20) on 3421.00 (10/19/20) for a profit of $500.
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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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