Max now have a position in sugar. I'm long the cattles, cotton and sugar now. Cattle technically look ready for a pullback but I am going to sit through it and be patient for the move that brings cattle producers back in the black. If sugar falls more I will add to my position also. Good luck!
I first traded commodities back in 2003 and failed dismally. Had taken me 5 years of watching, researching and learning about technicals to get my confidence back. I'm determined to nail this futures trading ... the leverage on offer is scary to the downside, unbelievable to the upside. I think the key is you must understand the 'big picture' story intimately and then target value in that story. What better story than sugar ... ?
