Trading Plans & Setting Goals for 2017

How will Cold Storage Affect the Price of Livestock?

It’s all about the plan, successful trading and investing is about being ready for the unknown. For portions of the last two days we have covered how to be prepared for all markets and the conditions they trade in. Bubba recaps may of the rules that must be used to be a trader or investor and why the plan is the most important.

Bubba asks the question to everyone, are you ready for 2017? Bubba reminds everyone about trading in liquid markets, defining your strategy and in many cases more than one strategy depending on what products you are trading. You need a plan for each style that you are going to trade, don’t mix the different methods. 

Bubba takes a live Q & A from the listeners and the most common question comes down to setting goals. Bubba’s words are to set goals that are realistic and attainable. Goals that are met by traders makes them feel better building confidence and the ability to move on. 

Rural Rally radio wants to interview Bubba about the Cattle on Feed report and Cold storage reports due out today. Bubba believes that the report will probably bullish but probably already priced in. The markets should sell off a little. Bubba wishes listeners and Merry Christmas, Happy Hanukkah and a Happy, healthy prosperous New Year.