Am I Wasting My Time?

Discussion in 'Trading' started by Tall Mike, Jul 5, 2020.

  1. wrbtrader

    wrbtrader

    Actually, there are institutional trading firms that do in fact trade something like Corn, Coffee, Wheat, Soybeans and so on...

    They in fact use seasonal tendencies in their trading and overall do very well with it. Yet, I'm not sure about hedge funds.

    Those trading firms work directly with Cargill, Louis Dreyfus, ADM, Glencore International, Bunge and others to ensure they got it right...seasonal products stats are lining up with their predictive models.

    Yet, I'm sure if/when something goes wrong with the weather or geo-political event here and there to throw off the trades...resulting in losses or smaller than expected profits.

    wrbtrader
     
    Last edited: Jul 5, 2020
    #41     Jul 5, 2020
    smallfil likes this.
  2. Snuskpelle

    Snuskpelle

    This ended up being larger than intended and is off topic, but posting anyway:

    A third (very common) category: Faker. Pretending to do well because psychologically protective reasons or being there to sell a service (the malevolent kind). For the former, 1 + 1 = 3 if you follow their logic over a longer time period, assuming you don't find out sooner. For service sellers, you should pretty much assume they're BS until shown otherwise.

    For losers, you can dig in the journals of some to quite effectively judge (have a look at the last pages of my most recent one just to make a point). In other instances, it's mostly explicit or implicit in what people write on the whole.

    Troll is a different thing entirely. It's usually referring to twisted individuals trying to stir up anger just for the heck of it, or trying to waste people's time; it's usually quite easy to identify, although there are some more rare subtle ones. Possibly this term is used here sometimes when faker would be more appropriate.
     
    #42     Jul 5, 2020
    beginner66 and murray t turtle like this.
  3. nursebee

    nursebee

    Well I think I am wasting my time participating in this topic for this poster.
     
    #43     Jul 5, 2020
  4. smallfil

    smallfil


    That approach has validity in it but, would require a lot of work. For that reason, institutions with their deep pockets are able to pay for all that research.
     
    #44     Jul 5, 2020
    Aged Learner and wrbtrader like this.
  5. %%
    Adding to the complexity;
    WSJ tends to promote low pe stuff/ but the problem with that; dow tends to have low pe + goes lower/LOL.
    Adding to the complexity; I still hate the idea dow outperformed spy + qqq[one day] last week I was not even in dow/LOL...………………………………………………………………………………………...
     
    #45     Jul 5, 2020
  6. wrbtrader

    wrbtrader

    Bingo...

    We retailers don't have access to that type of connection with those moving the products...the supply / demand info.

    Yet, if we retailers did have access to that info...I'm sure all of us will trade those seasonal commodities in comparison to what we're currently trading. :D

    wrbtrader
     
    #46     Jul 5, 2020
    Aged Learner likes this.
  7. Sekiyo

    Sekiyo

    Retail doesn’t care about supply / demand.
    There are informations available about it.
    But no one’s willing to leave the chart.
    Their home and their computer.
     
    #47     Jul 5, 2020
    legionx likes this.
  8. wrbtrader

    wrbtrader

    I care about supply / demand. If I didn't, I wouldn't mention it. :D

    Yet, as I'm sure you've notice...most prefer to instead focus all their attention on the charts or whatever it is that they're trading.

    wrbtrader
     
    #48     Jul 5, 2020
    Gaslight Capital and Sekiyo like this.
  9. I thought I was the only one who noticed.

    You can tell by the questions they ask, the answers they give, and their attitude in the asking and the answering. When reading many of their posts, I almost hear them speaking in the same vain, faux confident voice of Ted Baxter from the old Mary Tyler Moore show.
     
    #49     Jul 5, 2020
    yc47ib and wrbtrader like this.
  10. MrMuppet

    MrMuppet

    If you retailers had access, you blew up even faster. Members of congress are allowed to trade based on inside information and when you look at their portfolios 90% of them still suck.

    https://www.quiverquant.com/sources/senatetrading

    So don't you think you'd make any money just because you can take a sip of the fountain first.
    Trading is about finding and understanding a niche and manage the portfolios risk in a way that you can exploit price dislocations that only you can see without blowing up.
     
    #50     Jul 5, 2020
    zenlot, dennis86, ironchef and 4 others like this.