I worked for a guy who had in the past worked in commodity trading. He said he worked in it for years and most people don't get it.
The weirdest thing is, my dad ran a small concession stand decades ago and never used debt to fund it. Probably why he never got too far ahead in it (and closed due to massive overregulation.)
Yup - you know what you trade and only trade what you know. A very niche market and very niche products within that market.
If you’re trading stocks the whole derivative and commodity market is basically a black hole. You spend as much brain power and time on what you’re actually trading, theres no time or care to learn other products and markets
I worked for a guy who had in the past worked in commodity trading. He said he worked in it for years and most people don't get it.
The weirdest thing is, my dad ran a small concession stand decades ago and never used debt to fund it. Probably why he never got too far ahead in it (and closed due to massive overregulation.)
Yup - you know what you trade and only trade what you know. A very niche market and very niche products within that market.
If you’re trading stocks the whole derivative and commodity market is basically a black hole. You spend as much brain power and time on what you’re actually trading, theres no time or care to learn other products and markets