Best for a Newbie

[T-REX]

The above Wheat chart proves my point.

Here is what the chart does not show.

1. Wheat has been actually trading in a range of less than 1.00 thats $5k per contract over a 2 year period!!

2. you can be holding a losing position for months tieing up equity.
when you could be trading something that really moves.

I could go on and on and on.

Oh, I almost forgot. Ag's & Cattle have "Lock Limit" moves that can have EXTREME gap moves on the open.

...........DUDE! Do you really need all that stress in your life?

 

[ShoeshineBoy]

Quote from T-REX:

The above Wheat chart proves my point.

Here is what the chart does not show.

1. Wheat has been actually trading in a range of less than 1.00 thats $5k per contract over a 2 year period!!

2. you can be holding a losing position for months tieing up equity.
when you could be trading something that really moves.

I could go on and on and on.

Oh, I almost forgot. Ag's & Cattle have "Lock Limit" moves that can have EXTREME gap moves on the open.

...........DUDE! Do you really need all that stress in your life?

Gotcha. Thx for the perspective.

 

[ShoeshineBoy]

Quote from T-REX:

DON'T DO IT!!!!

If what your doing is working don't stop!!! Leave the Cattle & Wheat & Soybeans alone!!!

I've traded hundreds of contracts in ALL of the major Commodities for dozens of clients. I know you probably wont listen but you will be sorry. You dont have the REAL fundamental data to trade these vehicles. If you dont understand the productions output details and ALL about the Ag producers supply & demand issues and US import Export tech's then you are at an extreme dissadvantage.

I am listening by the way - thx for the insight.

Are you saying then that these are really just for ag producers as hedging vehicles, etc. because they move slower than lead on concrete? And if they move so slow, why would the fundamental data even matter? (To a newbie it looks like it s-l-o-w-l-y trends in spite of any real fundamental data.)