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Posted on Jul 06, 2024

Suppose that a trader sold 1 NYMEX September 2020 Cotton contract at 60 cents per pound. The current price of the contract is 62 cents

Suppose that a trader sold 1 NYMEX September 2020 Cotton contract at 60 cents per pound. The current price of the contract is 62 cents per pound. The trader wants to place a "STOP" order to limit the loss she has been making. She would place "Long STOP" order at a price above 62 cents per pound.

ATrue

BFalse

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