Chart from: FinViz
Since our post on March 19, Cocoa is up 7.5% (underlying) excluding leverage. Could it have gone the other way? Of course, but the odds were in our favor – look at the data:
(83% recent Accuracy) What the Commitments of Traders says about Cocoa Futures
That’s all trading is – taking statistically advantaged setups and managing risk/sizing for a positive expected value over a series of trades.
