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Post by traelin0 on Dec 20, 2010 20:34:36 GMT -5
Reformed DayTrader
Message #62 - 10/12/09 02:09 PM
One important lesson learned in Finance classes and outside readings by Peter Lynch and Warren Buffett is that you must never forget in your investing days — is temperament. As Warren Buffett once said, "The most important quality for an investor is temperament, not intellect." And they also wrote that commodities trading in future contracts should be left to the professional traders and not the average investors or active stock traders...
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Post by traelin0 on Dec 20, 2010 20:36:09 GMT -5
Stay Put
Message #63 - 10/12/09 02:18 PM
Uh, Warren just lost over $10 Billion dollars. I listen to what he has to say with a 'Huge' block of salt.
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Post by traelin0 on Dec 20, 2010 20:41:56 GMT -5
Reformed DayTrader
Message #64 - 10/12/09 02:22 PMThe Billionaire investor Warren Buffett has lost over $ 10 billion crisis in 2008, but remains second in the list of 400 richest Americans. Total super-rich have lost $ 300 billion of their net wealth because of the decline in capital markets and real estate agency Reuters summarizes the annual American Customer Forbes Magazine. From a list published yesterday on a spisaeto shows that once again the leader in rating is the founder of Microsoft Bill Gates, who has $ 50 billion and lost $ 7 billion in 2008. The founder of Oracle Corp. Lawrence Ellison, was third with $ 27 billion, as they were last year. He is the only top ten rich people who suffered no significant losses. In another rating – the consultancy firm Standard & Poor’s, the U.S. stock market fell by about 43 percent from September 2008 when financial crisis erupted, to March this year. The third month of this year, the net wealth of many of those listed in Forbes list has begun to increase. “Nobody will be Ronnie tears for any of these super-rich men because even those who have fallen by 2 billion last year to 100 million, still keep their live very well,” Reuters quoted comments by Matthew Miller, editor of the list of Forbes. Tags: 10 billions USD, Bill Gates, Lawrence Ellison, Oracle Corp, USD, Warren Buffett www.news-business.net/warren-buffett-lost-10-billions-usd/#more-575www.news-business.net/tag/warren-buffett/
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Post by traelin0 on Dec 20, 2010 20:42:35 GMT -5
Stay Put
Message #65 - 10/12/09 02:22 PM
The best lesson that I have learned, concerning commodities, is that you find out what works and stick with it.....even when all of the 'experts' are saying just the opposite.
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Post by traelin0 on Dec 20, 2010 20:44:10 GMT -5
Stay Put
Message #66 - 10/12/09 02:32 PM
RDT your posts show that you are enamored by money and those who have it. The fact of the matter is, if Warren Buffet (no relation to Jimmy) were as smart as you try to make him out to be, and someone who's financial advice should be taken as gospel, he would have never lost $1 Billion let alone $10 Billion. You just keep on being impressed by the Forbes listing. I'll stick with my own investment knowledge and successes, no matter how unimpressive by comparison. One final note. Not listening to Buffet and others, I didn't lose a dime of my money. How much money did you lose over the past year+?
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Post by traelin0 on Dec 20, 2010 20:46:21 GMT -5
Reformed DayTrader
Message #67 - 10/12/09 02:38 PM
I agree with these comments by oots in msg #18
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Post by traelin0 on Dec 20, 2010 20:47:26 GMT -5
Reformed DayTrader
Message #68 - 10/12/09 02:44 PM
This is also Jimmy Rogers mantra....which he repeats each and everytime he is asked about trading commodities...
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Post by traelin0 on Dec 20, 2010 20:47:57 GMT -5
Stay Put
Message #69 - 10/12/09 02:50 PM
Again, you follow "OPINION", as in the post that you quote, where as I have listed Credible, Factual Data from sources such as Iowa State University, National Weather, etc., etc.. Why do I even bother? People like you will always listen to people like the Orifice of Omaha, and I will invest based solely on the factual data.
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Post by traelin0 on Dec 20, 2010 20:57:52 GMT -5
Reformed DayTrader
Message #70 - 10/12/09 03:08 PM
Msg#18 by oots is NOT opinion but rather he labels it as FACT and he says he has over 30 years of trading experience in the commodities markets.......
Thumbs Up
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Post by traelin0 on Dec 20, 2010 20:59:36 GMT -5
Stay Put
Message #71 - 10/12/09 03:32 PM
oots started his post as "Fact", yet failed to list any facts and instead listed an analysts opinions...Opinions are NOT Facts. I listed the actual state of the corn crops, as is documented by such institutions as Iowa State University. I list the national weather reports, which by the way, have and are taking place as listed......... This is the difference between my facts and your opinions, and the opinions of others that you love to listen to.
If you really want to reform your day trading, you can start by trying to learn the difference between facts and opinions, and work your way up from there.
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Post by traelin0 on Dec 20, 2010 21:04:08 GMT -5
Reformed DayTrader
Message #72 - 10/12/09 03:41 PM  Ok I will try to do my best....but given the choice I will go with oots' facts/opinions for corn and heating oil ....
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Post by traelin0 on Dec 20, 2010 21:07:25 GMT -5
Reformed DayTrader
Message #72 - 10/12/09 03:41 PM The above comment is oots' call for corn and not an analyst ...reread msg #18 because oots doesn't refer to any analysts calls for Corn but rather he states what he believes to be facts....your agrument should be with him and not with me... I don't trade commodities which is his forte... Ok I will try to do my best....but given the choice I will go with oots' facts/opinions for corn and heating oil ....
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Post by traelin0 on Dec 20, 2010 21:09:32 GMT -5
Stay Put
Message #73 - 10/12/09 03:46 PMAnd yet you prove my point AGAIN! Opinion! OK. Elementary school is over. Enjoy the rest of your evening. 
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Post by traelin0 on Dec 20, 2010 21:10:19 GMT -5
Reformed DayTrader
Message #74 - 10/12/09 03:53 PM
Thanx, I guess and Happy Columbus Day which was much better than last year's
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Post by traelin0 on Dec 20, 2010 21:13:33 GMT -5
Stay Put
Message #75 - 10/12/09 04:24 PM
And
Not a bad day for these two losers.
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Post by traelin0 on Dec 20, 2010 21:15:27 GMT -5
Stay Put
Message #76 - 10/12/09 04:26 PM
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Post by traelin0 on Dec 20, 2010 21:16:11 GMT -5
Reformed DayTrader
Message #77 - 10/12/09 04:47 PM
I'll admit that StayPut is entertaining, but no one can consistently forecast the direction of the corn or heating oil markets as he pretends to be able to do. I repeat: No one can consistently forecast the direction of the Commodities Market. That is my point/opinion, or fact..or whatever?? It also just happens to be a known fact...
.
Another known fact about commodities is they move completely unpredictably over the short-term, which means that trying to make a "call" on any of the commodities won't consistently work out for you. Pick a direction (up or down), and you have a 50 percent chance of being right — even though the prediction is rather meaningless
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Post by traelin0 on Dec 20, 2010 21:18:29 GMT -5
fiscan
Message #78 - 10/12/09 05:23 PM
Without a doubt, in fact this whole thread is entertaining. Some interesting facts and speculation - who would have ever thought that corn could cause such an uproar.
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Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
Posts: 18,680 
Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
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Post by Value Buy on Dec 20, 2010 21:19:41 GMT -5
Trae, how did you become a junior member already?
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Post by traelin0 on Dec 20, 2010 21:20:16 GMT -5
Stay Put
Message #79 - 10/12/09 05:44 PM
You previously stated, correctly, that you know nothing about the commodities markets. This is the one and only fact that you have actually proven. Instead of leaving it there, you then go on with your opinions, such as the above quoted text, based upon multiple fallacies. This of course goes back to your original statement that you truly do not know anything about commodities, and therefore should probably zip it.
Another thing is for certain. If this is how you go on and on, and bring up one fallacy after another, on a topic you have both stated and proven that you know nothing about, how could anyone EVER believe anything that you say concerning topics that you do claim some type of knowledge of?
You have just proven to the entire board that they should never listen to anything that you might say about investment advice, and should run away from anything that comes out of your mouth. People know know that if you say anything, they should do the exact opposite. I think shunning you would probably be the best for most people.
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Post by traelin0 on Dec 20, 2010 21:20:54 GMT -5
Trae, how did you become a junior member already? I have no idea...maybe the number of posts? |
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Post by traelin0 on Dec 20, 2010 21:22:24 GMT -5
fiscan
Message #80 - 10/12/09 05:49 PM
Hah ahah ah ah ah ha ah ah ah ha hah ah ah ahah ah ah aah ah ah
Alright RDT. I am now going to shun you. Let me know how it feels later on.
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Post by traelin0 on Dec 20, 2010 21:24:23 GMT -5
Reformed DayTrader
Message #81 - 10/12/09 05:54 PM StayPut FYI.... I just invested in some corn.........pop corn and now I am ready for some football...I suggest you do the same after trying to repair your bruised ego. again.... But at least I didn't call you a liar but as an entertainer like Jim Cramer is; you are not too bad, I guess?? I guess being shunned isn't as bad as having the taste of corn slapped out of your mouth...
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Post by traelin0 on Dec 20, 2010 21:28:09 GMT -5
traelin0
Message #82 - 10/12/09 06:30 PMJEEZ...and here I thought corn was more important to EAT. Just give me an ear of Silver Queen!
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Post by traelin0 on Dec 20, 2010 21:28:54 GMT -5
Reformed DayTrader
Message #83 - 10/12/09 06:33 PMWhere else you can you make so much money and have so much fun as investing in corn??? And remember anyone who doesn't believe in investing in corn runs the risk of being shunned....so thread lightly on this thread because who knew that corn was one of the best investments over the next several weeks along with heating oil...  This thread OP should be changed to "Investors: Bite IntoThe CORN Boom If You Don't Have Loose Fitting Dentures"...
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Post by traelin0 on Dec 20, 2010 21:32:29 GMT -5
fiscan
Message #84 - 10/12/09 09:17 PM
Priceless.
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Post by traelin0 on Dec 20, 2010 21:33:06 GMT -5
tj001
Message #85 - 10/13/09 04:15 PM
And I didn't even get to swallow any of it, darn it. I usually make digestion estimates the next day based on visual observation.
Statistical analysis. It's in my field.
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Post by traelin0 on Dec 20, 2010 21:35:03 GMT -5
Stay Put
Message #86 - 10/21/09 10:33 AMwww.agronext.iastate.edu/ (2009 archives list) 2009 Corn Quality Issues – Storage Management By Charles Hurburgh, Department of Agricultural and Biosystems Engineering; Roger Elmore, Department of AgronomyIt looks like we will have another large wet crop, especially in eastern Iowa. There is less room to accommodate problems from this year because the grain market system is already overloaded with poor quality corn from 2008 crop. However, we learned from 2008 – extra cost in additional handling and drying logistics is likely to pay off in terms of avoiding spoilage losses later on. This would not be a good year to take chances that wetter corn will keep and can be absorbed in the spring/summer
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Post by traelin0 on Dec 20, 2010 21:38:47 GMT -5
Stay Put
Message #87 - 10/21/09 10:38 AMwww.agronext.iastate.edu/2009 Corn Quality Issues – Field Molds By Alison Robertson, Department of Plant Pathology; Roger Elmore, Department of Agronomy; Charles Hurburgh, Department of Agricultural and Biosystems Engineering Frost Oct. 10 and 11 ended the crop growing season in most parts of the state, at the same time the USDA announced October yield estimates of 186 bushels per acre in Iowa. Although high grain yields are expected, reports of quality issues are surfacing. Cool wet fall conditions favor the development of ear rots caused by Fusarium spp. These white or pink ear rots are often found in ear corn stored too wet. Field moistures in the low 20s over a long period can favor growth of these fungi, provided temperatures are warm enough (usually above 45F). These fungi also can produce several toxins that harmful to people and livestock – vomitoxin, zearalenone, and fumonisin. Grain with field mold should be tested for mycotoxins before feeding. Scouting and harvesting fields with disease problemsHigh moisture conditions favor growth of many ear and stalk rot fungi. Fields should be scouted as soon as possible to determine the extent of disease problems. To minimize losses due to ear rot and increased mycotoxin levels, it is recommended that producers harvest problem fields (greater than 10-15 percent incidence of ear rot) as soon as possible. The longer the corn remains in the field, the greater the chance of toxin production. The toxins most likely to increase in the field at this time are those associated with Gibberella and Fusarium ear rots - namely vomitoxin, zearalenone and fumonisin. Diplodia ear rot is more prevalent this season than in previous years. Although mycotoxins associated with Diplodia ear rot have not been reported in the U.S., grain quality will decrease substantially if the corn is allowed to remain in the field, thus early harvest is also recommended in these fields. Adjust harvest equipment to minimize damage to kernels since mold and mycotoxin levels tend to be at greater levels in damaged kernels. Dry (to less than 15 percent moisture) and cool (to less than 45 degrees F) grain as quickly as possible to reduce further mold growth and toxin production. Elevator operators, especially in eastern Iowa report cases of visible mold damage levels 5 percent and higher. In normal years, overall mold damage levels are generally less than 2 percent in freshly harvested corn. High damage levels in harvested grain create challenges for grain grading, particularly in the harvest rush. Damaged corn sharply reduces the future storage life of the grain. Storage issuesStorage and harvest management will be particularly important. Field damaged grain, regardless of reason, should not be mixed with good grain. Producers should harvest around water holes, downed grain and immature areas. Do not mix damaged grain with good grain in storage. Regardless of condition, all grain should be aerated immediately to reduce temperature and equalize moisture. Field damaged grain will not store beyond the winter months. Maintain 1 to 2 percentage points lower moisture than normal grain (for example, 13 percent corn instead of more typical 15 percent). Do not try to hold field damaged corn at higher moistures to avoid drying expense. If you suspect mycotoxin problems, check with crop insurance providers to see if adjustments may be needed, and how to represent the areas to be adjusted. Your veterinarian or the local USDA grain inspection service provider can assist with obtaining mycotoxin testing. Crop adjustments for quality problems, including mycotoxins, must be done on standing corn at or before harvest. Accurate grading of field-damaged grain is always difficult in the rush of harvest. Expect end users, such as ethanol plants, to increase their level of grading because mold and weather damage reduce processing yields/byproduct quality. An Official USDA grade is the standard against which buyer analysis should be compared. It is important that company graders be trained to match USDA gr
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Post by traelin0 on Dec 20, 2010 21:39:31 GMT -5
fiscan
Message #89 - 10/21/09 10:46 AM
Hey Stay Put my friend. I thought you got buried in a mountain of rotten corn cobs. So how is your "corn call" shaping up?
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Ok I will try to do my best....but given the choice I will go with oots' facts/opinions for corn and heating oil ....
