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SGG Stopped Out for 7% Loss

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SGG Stopped Out for 7% Loss

The SGG (sugar ETN) swing trade gapped down below the suggested stop of any move below 41.45 yesterday to open at 41.08, resulting in a total loss of 7.16% or a beta-adjusted loss of 5.7%. SGG will be moved to the Completed Trades category & may be revisited as another potential swing trading candidate soon. Previous & updated daily charts below:

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2019-01-03T11:14:15+00:00Jan 3, 2019 11:14am|Categories: Completed Trades - Long, Gold & Commodities|Tags: |3 Comments

3 Comments

  1. riceMBA2017 January 4, 2019 9:01 am at 9:01 am

    Sugar still seems low,
    any chance this might be revived?
    If you look at inflation adjusted sugar prices, they seem to be bouncing off of their

    [IMG]http://i63.tinypic.com/30ust1e.jpg[/IMG]

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  2. riceMBA2017 January 4, 2019 9:03 am at 9:03 am

    Sugar still seems low,
    any chance this trade might be revived?
    If you look at sugar prices, they seem to be bouncing off of the long term trend line (which is just inflation, I believe)


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