I’m now long Cocoa.A few days ago, it went past the breakout point (and I missed the entry); then it retraced, and now went past it again. So I’m in.
Early this morning I went long Sugar.A little later this morning, I got stopped out.Again.Deja Vu.
Maybe that will happen a few more times, until I’m fed up with Sugar and won’t take the entry. (That’s when it would take off).
Curtis Faith, in “The Way of the Turtles” recalls a story of a friend who had gotten stopped of Cocoa like 6 times, so he decided not to take anymore trades there. “Too risky”.Then it took off, the next two out of three trades, for nice gains.Oops.
