A third of my whole portfolio is in this short - NFA
Live Cattle Futures is probably an asset that you have never looked at and never thought to trade.
However, it has been in it's own bull market for the past 3 years!
Having said that, now the chart is showing clear weakness and giving us the perfect entry to the trade with an incredibly low risk and high potential reward. Hitting the first tp would keep it in it's bull run and give it the much needed pullback it needs, hence I feel that it is a great opportunity.
As it is an incredibly bullish asset, I am taking 50% profit at the first tp, then 25% on the 2nd and 25% on the 3rd.
However, it has been in it's own bull market for the past 3 years!
Having said that, now the chart is showing clear weakness and giving us the perfect entry to the trade with an incredibly low risk and high potential reward. Hitting the first tp would keep it in it's bull run and give it the much needed pullback it needs, hence I feel that it is a great opportunity.
As it is an incredibly bullish asset, I am taking 50% profit at the first tp, then 25% on the 2nd and 25% on the 3rd.
Comment:
Still well in this trade