LE1!6.8.23 There is a reason why I suddenly picked cattle as a market that we could trade. It's a market that has tremendous profit potential and it was about to make new highs... and yet there will be tons of dead bodies.... the bodies of traders who tried to short the market.... and other bodies of Traders who went long in the market.... and they both lose money. If you do this a couple times and get burned... you will teach yourself that this Market is too risky...and too dangerous to trade. At least that was something I would have done years ago. Intuitively it makes sense because the price action is so obvious, and reversals can be so significant.... you can make significant money or lose significant money and so you think of the market is risky because you're having a hard time finding the proper trade. Markets like this offer you much more reward then Markets that are contracted and have no range. It's easy to draw the conclusion that volatile markets are too risky and contracted markets are safe and therefore less risky... which is not correct. It's time to start looking for trades in the cattle market.
