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Strategies & Market Trends : Grain Futures Trading

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To: nicewatch who wrote (494)	4/13/1999 10:03:00 AM
From: strenlich	Read Replies (1) of 645

Thanks Guys. I think I understand. I am also having trouble as to the terminology of trading. For example, today if I have no open position on Soybean meal, and I want to go long if it takes out yesterdays high of 134.50, would I say(to my broker) Buy 2May Soybean Meal @ 134.60 on a Stop? I have made the assumption,perhaps erroniously that stops can only be used to exit an open position. Is this correct? Thanks again. regards-strenlich-

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