Moving Our Stop-Loss in March Corn Futures

We have been long March Corn futures since 445 (see:  Corn Futures Prices Spiked Today), and today, March 5th, 2014, prices shot up to 481 and are current hovering around 478 at the time of this post.   Our original Stop-Loss was at 437.25, but we contacted our broker today and had him move our Stop-Loss to 446, just below the support level shown in the Daily March Corn chart below.   Since we are long from 445, if we get stopped out we will have risked nothing on this trade (and may even make a few bucks).

Daily Corn - March 2014 - 3-5-14

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