One of my clients is the Clearing Corp. for "Hard Red Winter" (HRW) Wheat. The Clearing Corp. is the party responsible for matching your trades with buyers and sellers.. At the end of the trading day all trades must be even. All buyers must have sellers..
This is my observation of what goes on in this commonly traded commodity market
In the HRW market, there are a limited amount of "pit" traders, and they all know each other..
They will take the edge from every trade and leave the house accounts on the bad side of any unfavorable transaction.
Even if you have a market (mills that need HRW, or farmers that can sell HRW), they may decide not to trade with you.
It combines the worst aspects of High School and exclusive clubs. If you are ready for this kind of environment then go ahead and buy a seat on our exchange!
Oh.. A pit trader once told me a joke..
Want to end up with a Million Dollars trading options?
Start with Two Million...
I quit/got fired from my last job six years ago. Every project that I worked on, or was part of, was trashed, in some way, by every management team that I suffered under.
And... I wasn't making that much money...
So.. I quit and became a consultant, and life has been much better.
yeah yeah.. times are pretty rough right now, but I am still living off the soaking that I inflicted on other companies for Y2K projects..
You can be who you wanna be.. don't bow to the scum of management forever.
Slashdot Mirror
Didn't all you people vote for Obama? This discussion is pretty funny....
One of my clients is the Clearing Corp. for "Hard Red Winter" (HRW) Wheat. The Clearing Corp. is the party responsible for matching your trades with buyers and sellers.. At the end of the trading day all trades must be even. All buyers must have sellers..
This is my observation of what goes on in this commonly traded commodity market In the HRW market, there are a limited amount of "pit" traders, and they all know each other..
They will take the edge from every trade and leave the house accounts on the bad side of any unfavorable transaction.
Even if you have a market (mills that need HRW, or farmers that can sell HRW), they may decide not to trade with you.
It combines the worst aspects of High School and exclusive clubs. If you are ready for this kind of environment then go ahead and buy a seat on our exchange!
Oh.. A pit trader once told me a joke..
Want to end up with a Million Dollars trading options?
Start with Two Million...
A-fucken men. I get so tired of the slashwhine doom-and-gloom community.. Nice to see a real world submission.
I quit/got fired from my last job six years ago. Every project that I worked on, or was part of, was trashed, in some way, by every management team that I suffered under. And... I wasn't making that much money... So.. I quit and became a consultant, and life has been much better. yeah yeah.. times are pretty rough right now, but I am still living off the soaking that I inflicted on other companies for Y2K projects.. You can be who you wanna be.. don't bow to the scum of management forever.