Several days back I decided this week’s HOT TAKE would be short and sweet as I am slightly preoccupied with Summit 24 preparations.
I had already started this update with the intention using the commodity twist on Murphy’s Laws below before all hell broke loose in equities where the panic appears to be spilling over into grains.
I did not know ‘Soy Roy’ personally, but his rendition of Murphy’s Laws hangs on the wall next to my desk.
Give it a read.
In fact, print it out and tape it to the wall because we ALL need a little reminder of Murphy’s Laws from time to time.
MURPHY’S LAWS FOR COMMODITY TRADERS
1. It is morally wrong to allow a sucker to keep his money
2. Everyone has a trading strategy that won’t work
3. For every expert who says prices are going up, there is one who says they are going down
4. If you can drink it, don’t trade it
5. The market is not logical; it is psychological
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