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Larry,
I've been trading LC for several years and find it a decent trading vehicle.
It doesn't have all the thrills and spills of the spoos or qs and that's OK
for me. Yeah, I do the financials too, they're nature's way of telling
you that you have too much money.......but till I get a better grasp on them,
I keep at the LC.
Best Regards
Joel
----- Original Message -----
From: Scaletrade@xxxxxxx
To: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] Commodities, especially live cattle
Date: Thu, 18 Nov 2004 14:19:34 EST
Sorry for the "no text" email...don't hit return when you are still typing the "subject"...
For background, I trade 100% futures and 0% stocks, mostly because of the leverage. I made a little during the last run-up in the stock indexes by staying long the s&p emini, but do mostly hard commodities, occasionally interest rate or currency futures.
If there are any live cattle future traders out there, I'm curious as to whether you have found a safe way to trade in these days (almost a year now) of "mad cow disease" scares. Today for the 3rd time (if last summers 2 back-to-back positives on preliminary tests can be counted as one time) in the last 12 months, being long the live cattle market as been hazardous to ones financial health, although patience would have eventually paid off in both previous cases. Do any of you who are more "in the know" than I am still trade the meats, or have you just backed off and gone on to other markets.
Specifically, I trade intermarket and calendar spreads, and right now is a seasonally good time to be long Feb cattle and short Feb hogs. Trouble is, a preliminary positive mad cow test makes that strategy very short term painful. Any comments?
Larry
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