If you're a Seinfeld fan, you may recognize the quote in the headline: It's from Elaine’s father in The Jacket episode. His comment was the kind of "gallows humor" you'd hear from a commodities trader.
Last summer, corn was as high as an elephant’s eye. Now, it’s lower than a caterpillar playing handball with a marble against the curb. When you understand commodities trading, it’s easy to crack wise about what goes on. Along with gallows humor, the colorful language of commodity markets almost invites comedy: "Pork bellies," "lean hogs," "crude oil," "covering your shorts," and so on.
But on the other hand, commodity trading is as unfunny as it gets. When you’re ready to put significant capital at risk in the futures markets, suddenly it becomes heart-attack serious. It’s like stepping into another world. And you won’t last five minutes in that world without the right tools and the knowledge to use them.
You will want experienced advice from an experienced firm. At Elliott Wave International, we are as serious about the markets as you are. Our company has devoted three decades to the study and analysis of the markets using the Elliott Wave Principle. With more than 90 experienced professionals, we're the world’s largest market forecasting firm. Most likely you already know about Ralph Nelson Elliott, whose work in the 1930s and 1940s identified recurring wave patterns in the stock market. We apply his discovery via pattern recognition and identifying Fibonacci relationships, to forecast market turns in all time frames. Our analysts cover stocks, stock indices, bonds, metals, forex, energy, and commodities.
There are no guarantees in trading except for one: You
will take losses.
Successful futures trading demands strict capital management. Obviously you want your winning trades to more than offset your losses. Cute commodities jokes are more amusing when you’re winning. And that’s not all the time. And there’s nothing funny about that.
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