Archived Posts » 59,757,950
Corn Commodities.....
1/29/2012 2:04:41 PM
Who has any experience? I've always wondered about it, I've read a few books, but never really had the capital to get into it (my interest in investing and trading began when I was about 16). Is say 5 or10K enough to "play" in the corn market? I think for the purposes of keeping it simple I would really focus on only 1 or 2 commodities thus making it easier for myself to conduct research on what I'm trading.
So, throw out some experiences, ideas, thoughts....
1/30/2012 12:48:03 PM
$10k is not enough to "play" in the commodities market, unless your idea of playing is to lose all of your money.
1/30/2012 2:23:25 PM
Originally Posted By tax_monster:
$10k is not enough to "play" in the commodities market, unless your idea of playing is to lose all of your money.
$10k is not enough to "play" in the commodities market, unless your idea of playing is to lose all of your money.
Really? What would you consider a "minimum" amount to have? I understand the idea behind investing with such a low amount that you basically set yourself up to fail. I've been trading stocks since I was 19, I've read a lot about options and commodities over the last 6 years, but if what you're saying is true, then I don't think I learned anything.
1/30/2012 3:13:57 PM
Originally Posted By donnieR32:
Really? What would you consider a "minimum" amount to have? I understand the idea behind investing with such a low amount that you basically set yourself up to fail. I've been trading stocks since I was 19, I've read a lot about options and commodities over the last 6 years, but if what you're saying is true, then I don't think I learned anything.
Originally Posted By tax_monster:
$10k is not enough to "play" in the commodities market, unless your idea of playing is to lose all of your money.
$10k is not enough to "play" in the commodities market, unless your idea of playing is to lose all of your money.
Really? What would you consider a "minimum" amount to have? I understand the idea behind investing with such a low amount that you basically set yourself up to fail. I've been trading stocks since I was 19, I've read a lot about options and commodities over the last 6 years, but if what you're saying is true, then I don't think I learned anything.
I think you'll get better answers if you clarify what that $10k represents in terms of your total portfolio.
I've got about 3-5% of my portfolio in "play money" at any given time. Everything else is in rock solid companies that make products and profits or mutual funds.
Just sold 1,000 call options of BYD for a 200% profit last week
and like a true gambler I'll never tell you about my losses.
1/30/2012 3:39:10 PM
Originally Posted By woodsie:
I think you'll get better answers if you clarify what that $10k represents in terms of your total portfolio.
I've got about 3-5% of my portfolio in "play money" at any given time. Everything else is in rock solid companies that make products and profits or mutual funds.
Just sold 1,000 call options of BYD for a 200% profit last week and like a true gambler I'll never tell you about my losses.
Originally Posted By donnieR32:
Really? What would you consider a "minimum" amount to have? I understand the idea behind investing with such a low amount that you basically set yourself up to fail. I've been trading stocks since I was 19, I've read a lot about options and commodities over the last 6 years, but if what you're saying is true, then I don't think I learned anything.
Originally Posted By tax_monster:
$10k is not enough to "play" in the commodities market, unless your idea of playing is to lose all of your money.
$10k is not enough to "play" in the commodities market, unless your idea of playing is to lose all of your money.
Really? What would you consider a "minimum" amount to have? I understand the idea behind investing with such a low amount that you basically set yourself up to fail. I've been trading stocks since I was 19, I've read a lot about options and commodities over the last 6 years, but if what you're saying is true, then I don't think I learned anything.
I think you'll get better answers if you clarify what that $10k represents in terms of your total portfolio.
I've got about 3-5% of my portfolio in "play money" at any given time. Everything else is in rock solid companies that make products and profits or mutual funds.
Just sold 1,000 call options of BYD for a 200% profit last week
and like a true gambler I'll never tell you about my losses.
I see what you're saying. Okay, if I include total cash, 401K, mutual funds. If I took 10K to invest in options it would be about 5%. At the moment I have a bunch of cash, 401K, and a mutual fund I contribute to every month. So I don't have a very large portfolio. Oh, I have a small TDAmeritrade account that, actually in December one of my investing plans came true. I bought a couple small pharmaceutical company stocks (ADLR, DSCO) with the idea that they would get bought out. Well three years later one of them was and I got "cashed out". ADLR is no longer in existence because it was bought out. DSCO has dropped quit a bit. Hopefully, it will bounce back.
1/30/2012 11:45:53 PM
Originally Posted By donnieR32:
Really? What would you consider a "minimum" amount to have? I understand the idea behind investing with such a low amount that you basically set yourself up to fail. I've been trading stocks since I was 19, I've read a lot about options and commodities over the last 6 years, but if what you're saying is true, then I don't think I learned anything.
Originally Posted By tax_monster:
$10k is not enough to "play" in the commodities market, unless your idea of playing is to lose all of your money.
$10k is not enough to "play" in the commodities market, unless your idea of playing is to lose all of your money.
Really? What would you consider a "minimum" amount to have? I understand the idea behind investing with such a low amount that you basically set yourself up to fail. I've been trading stocks since I was 19, I've read a lot about options and commodities over the last 6 years, but if what you're saying is true, then I don't think I learned anything.
$25-50k would be a nice start. Commodities are no place for beginners, the under-financed, or people who bought the "4x - Make Millions!!!!!" system from TV.
1/31/2012 11:00:09 AM
Originally Posted By tax_monster:
$25-50k would be a nice start. Commodities are no place for beginners, the under-financed, or people who bought the "4x - Make Millions!!!!!" system from TV.
Originally Posted By donnieR32:
Really? What would you consider a "minimum" amount to have? I understand the idea behind investing with such a low amount that you basically set yourself up to fail. I've been trading stocks since I was 19, I've read a lot about options and commodities over the last 6 years, but if what you're saying is true, then I don't think I learned anything.
Originally Posted By tax_monster:
$10k is not enough to "play" in the commodities market, unless your idea of playing is to lose all of your money.
$10k is not enough to "play" in the commodities market, unless your idea of playing is to lose all of your money.
Really? What would you consider a "minimum" amount to have? I understand the idea behind investing with such a low amount that you basically set yourself up to fail. I've been trading stocks since I was 19, I've read a lot about options and commodities over the last 6 years, but if what you're saying is true, then I don't think I learned anything.
$25-50k would be a nice start. Commodities are no place for beginners, the under-financed, or people who bought the "4x - Make Millions!!!!!" system from TV.
I wish I was the guy who came up with that!!!! It's unbelievable how easily people buy into bullshit like that. "Meet Sarah, she found financial freedom. She makes 30K a month by following these easy steps."
2/1/2012 1:24:21 PM
Originally Posted By donnieR32:
I wish I was the guy who came up with that!!!! It's unbelievable how easily people buy into bullshit like that. "Meet Sarah, she found financial freedom. She makes 30K a month by following these easy steps."
I wish I was the guy who came up with that!!!! It's unbelievable how easily people buy into bullshit like that. "Meet Sarah, she found financial freedom. She makes 30K a month by following these easy steps."
You and me both!
I actually went to one of their seminars held in a downtown hotel. (Hey - it was free and they offered food.)
I was amazed at the audacity of their claims, and how easy it was to make money with their system. It was a little depressing to see people whip out their credit cards to buy the program, but figured some people have to learn the hard way. I gobbled down as much free food as I could then left.
