Completed Trades are trade ideas that have hit one or more of their price targets. Many trade ideas will list multiple targets as some traders might choose to hold some or all of the position for an additional target(s) after the initial target is hit. Therefore, many trade ideas on this site will often appear in both the “Active” and “Completed” categories simultaneously. Trades are removed from the Active Trades Category either upon hitting the final target or if stopped out before then. Once removed from the Active Trades category, these trades and all associated posts will be archived indefinitely in the Completed Trades category for future reference.
JO (coffee ETN) was recently added as an aggressive, "catch-a-falling-knife" trade on Tuesday with JO triggering the suggested stop of any move below 15.90 for a 3.6% loss on Thursday. That impulsive sell-off on Thursday was indicative of a selling climax as well as a potential wedge over-throw on both $COFFEE (continuous futures contract) JO (coffee ETN). Thursday's sell-0ff also reversed just shy of a long-term support level on $COFFEE. As such, I'll be monitoring coffee prices going forward for another possible long-side entry.