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Sell soybeans now or wait for $10
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farmer in ontario
Posted 7/9/2010 22:36 (#1267067 - in reply to #1267043)
Subject: Re: Sell soybeans now or wait for $10


Ontario
Yes, waited for round numbers many times and missed the mark!
It depends how important the sale is for you. If the cash is needed fairly importantly to pay bills, I have sold many times at a couple cents below the round number to make sure the sale gets made.
If the sale is not as crucial and you want to play a bit, waiting and trying for the round number is fine.
Have found that round numbers do seem to work fairly well, when you place a market order for a price, and you have lots of time to fullfil it! (And then evaluate every couple of weeks if the order has not hit: Is the market is getting closer? OR Is it going opposite of what you were looking for!)
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