Agriculture ETF continues higher

DBA, the PowerShares agriculture ETF continues to move higher. It found support around $27.80 a last week and has been moving higher even on such a weak tape.
I started a new position around $28.35 with a target of $30. With a stop below $27.80 gives me a Reward / Risk of ~ 3:1.

DBA Daily Chart

DBA Daily Chart

About Stock Trade Journal

The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders. This blog is also a way to share my experiences and observations in the market.
This entry was posted in Risk Management, Trade Analysis, Trade Entries, Trade Planning, What to Write in a Journal. Bookmark the permalink.

Leave a Reply

Your email address will not be published.