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It is funny to listen to this win lose argument. If you know what you
are
doing, and know how to utilize the instruments that are out there, then
you will
win. If the party on the other side of the trade also knows what he is
doing
and uses the instruments available, he too can be profitable. In that
situation
both parties win and no one loses. It is the uniformed and those who
are
constantly reading one book or another to find the answers that will pay
their
dues. Either they learn the craft after losing a ton of money or they
blow out
and look for retraining at government expense. One pays for their
education,
either you find someone who knows what they are doing and you trust, and
pay
them to teach you or you keep going at it trial and error and maybe
never get
there. If you find a teacher you trust and one that will follow up,
that is the
least expensive way to go.
Everyone seems to forget that it is all fictitious. In futures there
is no
reality as the futures and options are created and have no relationship
to
reality other then what one analyst or another has to say about what
happened
after the fact. Do you really know the acreage in Brazil and the
weather? Is
the government ever right about the planting and crop progress? If
grains are
cheap why are they selling livestock? If the government is right why do
funds
and consumers hire their own weather service and field surveys? It is
all
perception. Will any of the funds or traders take delivery on a
future. If too
many futures are sold and the floor traders can't deliver, they just
change the
rules and say that you can't ask for delivery and have to sell back to
them.
When you own the house, you make the rules.
Once again knowledge is power and understanding makes for success.
Have a happy Holiday, Ira
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