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The 3Dimensional Trading Breakthrough

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<strong>The</strong> 3 Dimensional <strong>Trading</strong> <strong>Breakthrough</strong><br />

Example #3 - Limit order (offsetting a futures position): I wish to<br />

liquidate my cattle position to take profit 2.00 points lower than the<br />

price I was filled (Sold short at 67.82):<br />

“This is a day order for account #12345, buy back 1 June Live Cattle at 65.82, or<br />

better.”<br />

Example #4 - Limit order (offsetting a futures position): I wish to<br />

liquidate my wheat position in order realize a profit just below the<br />

last resistance level of 295^0 (Price is now at 287^2):<br />

“This is a day order for account #12345, sell back 3 Dec Wheat at 294½ cent, or<br />

better.”<br />

Example #5 - Limit order (initiating an option position): I want to<br />

buy long two May 30-year bond call options at a strike price of 114<br />

when the premiums come down to a price of 1^15 (Premiums now<br />

at 1^28):<br />

“This is a day order for account #12345, buy long two May Bond 114 Calls at<br />

1^15, or better.”<br />

Example #6 - Limit order (offsetting an option position): I would<br />

like to sell the two May Bond 114 Call options when the premium I<br />

bought them for doubles:<br />

“This is a day order for account #12345, sell back two May Bond 114 Calls at 2^30,<br />

or better.”<br />

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