By Erik T. Long

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So far By Erik T. Long has created 45 blog entries.

More Profit Taking.

By |March 7th, 2018|

Profits look good as we close out all existing trades. The last trade hit the trailing stop. We ended up with some very nice profits for the 1st Quarter. There will be more trades to come soon. Standby!01/22/18 - Gold - Enter Short - We hit our stop at 1335. This gave us a nice profit of $440 per contract. We gave back some profits on Gold since last week, but overall I am happy with this and the other trades we entered into since Late December. 1st Quarter is looking good. That's all for now

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Weekly Trade Report.

By |March 5th, 2018|

Here are some updates on our recent trading activity. The last couple of weeks saw quite a bit of trading activity. We cashed on several trades from the Long Shot Report. Here is a recap.01/08/18 - Lean Hogs - Enter Short - The Lean Hog trade was exited at 70.250. Profit - $2,400.00/contract01/22/18 - Gold - Enter Short - Still holding Gold. Currently the trade is up over $1,700.00. I am lowering stops again to lock-in profits. I like 1335 for the stops. Algos are indicating lower prices in

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Harvest Report. Beans Blew Past the Teens!

By |February 20th, 2018|

Looking good! Feeling Good! My favorite line from Trading Places... The Soybean trade is looking incredible. We blew past beans in the teens and are now in the 20's. I see some more movement to the upside this week, but I am carefully raising stops. I don't want to give too much back on a reversal.Our other trades are coming around as well. The short on Gold is back in the money and Hogs are still getting slaughtered. I am looking to take some profits in the next week or two. Here are my

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Weekly Update. Smooth Sailing.

By |February 11th, 2018|

No changes. Trades are looking good, smooth sailing on the horizon. No changes this week. Our current trades are looking good except for the currencies. We used options on those trades and expiration is coming up in March. We may lose the premium, but we have more than made up for it across the board on other trades. The Hog trade is looking fantastic right now. We got in on 01/08/18 and are currently up $2,960 dollars per contract! Gold and Soybeans are also in profits and I expect more to

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Drop the Stop.

By |February 8th, 2018|

Hogs headed lower, stop going too. Yesterday I mentioned that I was putting in a stop recommendation for our Lean Hogs trade. I am lowering the stop from 72 to 71. Hogs are trading at around 69.200 right now. I recommended shorting Hogs on 01/08/18 at the open price of 76.250. If we get stopped out at 71.000, we will have a $2,100 profit per contract. I still see lower prices ahead. More news to come after I run the algos this weekend.These are generally short term trades (1-6 weeks) using the

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Popped Corn.

By |February 7th, 2018|

We took corn off the table Monday for a tasty snack. While the algos point to a higher close this Friday, I decided to take profits on Monday. The Corn trade was good for a quick six point pop. This was a $300 profit. We have managed to avoid the carnage in the indices and are looking to take profits on the short Lean Hogs trade. Lean Hogs are getting slammed again today, so I recommend locking in some profits by placing a stop at the 72 level. We got in at 76.250, so this gives us a nice profit

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Money Talks…

By |January 30th, 2018|

Three trades exited today at a profit. Per my post yesterday, three trades were profitable today. Sugar was stopped out at the 13.50 level resulting in a profit of $1702 dollars. Soybean Oil returned $360 and the Russell resulted in a $785 dollar profit. All in all, the total is $2,847 dollars.Here is a new trade for the week. To receive full access to the Portfolio Optimizer, AI Forecast, and the Long Shot Report, be sure to subscribe today.01/29/18 - Coffee - Enter Long - Exit To Be

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Take Two Off The Table

By |January 28th, 2018|

Taking two new trades from last week off with a profit. I just ran the portfolio optimizer and checked the AI forecast. Two trades from last week's Long Shot Report are profitable and ready for an exit. I am looking to take profits on Soybean Oil and the Russell 2000 tomorrow morning. The AI reports suggest that the markets will reverse this week. Exact profit will be announced after tomorrow's open. I still have a stop in at 13.50 and if Sugar continues down, I will trail it with the stop. Last

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Five Card Draw…

By |January 21st, 2018|

Five new trades this week. Lots of new opportunity as trade action heats up. I just ran the portfolio optimizer and checked the AI forecast. It looks like we have five good new trades to get into. While all are listed in the Membership Section, I have shared a new one on the blog today. In addition, Sugar continues to look short. I have a stop in at 13.50 and if Sugar continues down, I will trail it with the stop. If it reverses, I will be out with a nice profit. Either way, it works for me.Here

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Sugar Crush. Sweet as Candy…

By |January 19th, 2018|

Sugar slammed again! Sugar was slammed again today and I love it! Maybe I am getting greedy, but my plan has changed. I am going to hold the trade tomorrow and use a trailing stop to get me out. For those of you that are happy with your profits from 12/4, go ahead an get out tomorrow. If you want to squeeze the trade, I recommend placing a stop at 13.30 - 13.50 level. This market may have more to fall. I will have a better outlook over the weekend after reviewing the algorithm forecast.These are

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