"Again, The Pros Look Past Daily Price Moves for Their Profits."

​The 'Commercials' are the Professionals who are in business for the long-haul in the Commodity field. You can join them in a profitable enterprise if you learn to be patient and track the longer-term trends.

In the case of the Lumber Market shown above, ​many were 'shocked' that prices could rise in the midst of all this pandemic hoopla, however, those who stood back a little and examined the longer-term trend at the Weekly & Monthly level of Time, save the shift to an upwards trend back in early April.

​Handle Markets Like the Businesses They Really Are

​We need to remind ourselves that the foundational members of each Market (whether Producer or Wholesaler) are in business to make a profit. In fact, there is no business without a profit, and, these institutions are present year-after-year.

That couldn't happen if they couldn't repeat their business model of making money EVERY year. They're not speculators. They're in these markets to make money, and, I suggest that serious traders take the same attitude and copy some of the aspects of their Strategies.

​A long-term perspective is one of those critical strategic elements which we can and should emulate. This approach demands a certain shift in our risk parameters and in our cash holdings, but, it's still entirely possible to pull off as a smaller trader and reap the rewards percentages of the largest of institutions. - George