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>Mark Brown I'm impressed you even knew
>about the cattle doing that. Can't imagine you would leave your computer
>and the S&P's to notice. You must have friend in the cattle business
>telling you fundamentals. Mark Brown on matters such as corn and cattle get
>out of town go filter something........*S*
>
>Robert
>
>
I have to tell this tell, a couple of years ago. A very good friend of mine
who didn't have a bunch of money wanted to trade commodities. He had broker
who has been in business here in Dallas for a long time. Get him all pumped
up on cattle, being at a eight year low or something like that. He told me
all the facts he had gathered and I listened. Then I pulled up a chart and
asked just made the comment, I could go lower you know. I didn't really
know anything about cattle at all, but I did know chart patterns and it
looked like it could break either way to me. Any way with 2500.00 in this
account he bought one cattle contract. When there was 300.00 left he closed
the account. He had just made his first and last trade for a while. That
was it he didn't trade for at least a year after that. I guess that very
valuable lesson (of learning to cut your losses) burned deep in his soul
because now years latter he daytrades the SP. Some learn some dont, most
run out of money before they learn. Some spend all there money before they
learn, on so called guru's wares. Moo...B
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