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I trade commodities because it is a fast way to make a lot of money if I'm
right. Also my psychological makeup is such that it interests me more that
trading stocks. While I keep the bulk of my assets in stocks, I have my fun
with commodities. Large losses don't bother me at all. I just don't tell my
wife. I've made money 4 out of the last 5 years which gives me some
satisfaction but after looking at the mistakes I still make after doing this
for a long time I get a little humbler.
Bob Doeden
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Leo Karl wrote:
> I haven't traded commodities since the 70's when I lost money in my
> involvement with the Goldstein-Samuelson "double option" fraud. (I
> wonder how many of you today know of, or have even heard of
> Goldstein-Samuelson?)
>
> It left a bad taste about commodity trading, to say the least, and I
> have shied away ever since. Yet for reasons I don't fully understand,
> commodity trading still has a certain "aura" for me, and I would like to
> ask those of you who trade commodities what is it about commodities that
> makes them preferable to stock trading for you. And conversely, those
> of you who trade stocks exclusively, why do you avoid commodities?
>
> I mean, when viewed objectively, one could argue that commodity trading
> is perhaps a purer form of the trading art, more susceptible to
> technical analysis than stocks. And that those of you who might be
> called "trading purists" would gravitate towards commodity trading.
> Further, I suspect -- but don't know -- that one could make just as much
> money in stocks as commodities, and that if the "90% are losers" rule is
> true about commodity trading, there must be some other motivation that
> keeps the commodity traders happily at their trade.
>
> My question is, just what really is it that makes a commodity trader
> trade commodities?
>
> Thanks,
>
> Leo
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