Thank you Doubter for input, I too believe that the cattle market is seasonal, and that the big boys have a lot of push. I have been feeding cattke for 25 years, I think that I should be able to use this to my advantage.Jester I think that I should get that prod, and use it on myself when I break my rules, obviously losing money is not painful enough. Buff, I have not figured out any purpose of a camel in my trading. Thank you Zbear, I know the answer comes from within.
The livestock market is one that for whatever reason does not work as well with technical analysis as others do. If you want to be successful you need to get a very good handle on the fundamentals. You also should look at the spreads. Brandon
I have also. Not enough action for me though. Daily range too small to daytrade. Also where in the heck to you find news on cattle. I was never able to until it was way too late.
OK, this is one of my favorite topics: markets that can make you a lot of money but which we ignore because of all the stock market hype. We all have to realize that for all but about 5 years of its existence, no one could make money daytrading stocks. Tight daily ranges, manipulation, high fees, insider abuses, specialist tricks, corrupt MM's, etc. Read the Market Wizards books and many of them were commodity traders rather than stocks. Can you daytrade LC? Probably not. The locals live to hose off-floor paper. Look at an intraday chart and it is nothing but stop-running all day long. Still, I have tested vol breakout systems that made money in cattle. Never traded them, but maybe one day I'll get motivated. Margin is low and you can't beat the hours. Also little overnight gap risk,although it does occur.
The traditional advice would be to open an account with Chuck Leavit at Alaron. He is the axe on meats. If you want an expert on meats and cheeses, then go with mr. market.