Book recommendation request (Commodities )

Discussion in 'Educational Resources' started by joanar, May 15, 2021.

  1. TrAndy2022

    TrAndy2022

     
    #11     Oct 20, 2022
  2. I have read many, and am hesitant to list any, as commodities is one of the hardest markets to make a profit at. Even the pros go bust all the time. And to make a point, only 1% of traders (roughly) can make profits at this, and that's the guys that are spending literally millions every year to front-run the markets and get first hand info on what is on the ground and over-seas... including satellite data.

    But if you press... get James Cordier's book on options. His commodities-trading hedge fund doesn't exist anymore... I'll let that sink in.
     
    #12     Oct 21, 2022
  3. %%
    Amen.
    barcharts.com has some good candlecharts.
    Boy plunger Livermore bought some Anaconda Copper stock\but copper was/ i found out today/ about $00.10 per pound in 1930's....................................................................
    At that time Anaconda Copper was largest copper mine in the world+ started as a silver mine.
    Colt makes a nice Anaconda stainless steel .357 or 44 magnum:caution::caution:
     
    #13     Oct 25, 2022
  4. Stratter

    Stratter

    Commodities are a hard area to be an expert in. That's because they are different in their natural characteristics, their application and usage. May be you should narrow down your search to a specific commodity and dive deeper into the subject then. Other than that, from what I've read and traded through - commodities in general are a trading vehicle that trends hard in a direction - once a trend is established it continues longer than other assets and with less corrective activity. May be that stems from the real supply and demand forces behind them - if there is a need of lumber, real-life situations, forces and tendencies have made it such and it is probably there to stay for a while. That also means less speculation. Again all this is "in general".
     
    #14     Oct 25, 2022
  5. %%
    THAT;
    +JOHN Henry trend follower grew up on a farm. Most likely he always remembered corn,grain or apple harvest in SEPT.
    I dont trade corn, but I was looking on some Successful Farming magazine long tern corn charts; about the 5-7th time i checked them out-- I realized the magazine got the 50 day moving average mixed up with shorter moving average. Easy to make a mistake:caution::caution:
    That old grain trader ALWAYS scales out for his sells......
     
    #15     Oct 25, 2022
    Stratter likes this.
  6. TrAndy2022

    TrAndy2022

    I heard longterm trendfollowing commodities still work.? What can you expect 20% p.a. or Sharpe ~1 ?
     
    #16     Oct 25, 2022
    murray t turtle likes this.
  7. %%
    WE KNOw DOW + SP 500+cash copper, corn+ silver is up from the 1930's ;cash copper $00.10 per pound . That may not help the funds /but that's life.
     
    #17     Oct 25, 2022