David Fuller's view With hindsight, I leveraged up too much as corn (weekly & daily) showed signs of breaking out once again on the upside and used tight mid-point danger line (MDL) stops to protect the whole position (based on the Dec contract which had a bigger pullback than the continuation graph shows above). They were triggered today following yesterday's upside failure and my latest purchases reduced the profitability of this recent foray. Here are the results for five equal-sized units, all in the December contract: a sale at $5.70 against my purchase at $5.654 on 20th October. The remaining sales were at $6.65 against purchases at $4.919 and $5.061 on 28th and 29th October, and $5.941 and $5.979 on 4th and 9th November, respectively. I have asked IG Index to add the March contract to their dealing platform as I am looking to buy more corn on easing, if possible, but not in the December contract which is too close to spread-bet expiry.

Prices above include all spread-bet dealing costs.