MURICO.com Forum

Re: Some days I want to scream----

talked myself blue in the face today, trying to get hedgers to at least pocket the profits on part of their hedges. I don't get it-----11 producers with a total of 57 short positions between 67.00-68.20 and only 1 contract deposited in the Bank. Two guys want to double down on a $2 bounce, when I suggest banking part of them now and then double down, I get "what if it doesn't bounce". Then there's the B-A-N-K-E-R-S that makes my blood boil. One guy has 12 contracts sitting on 33K of profits, willing to put it in the Bank and his banker says "NO, it's a hedge, sit on it until you market your hogs". This won't be the first time a banker has ruined a good hedge profit opportunity and then blame me for not doing my job properly. I told the guy to tell his banker we can re-enter on a 2-3 dollar bounce if he's that worried, I can be wrong but I'm always the first to admit I'm wrong and take proper action.

It looks like I will have to schedule another banker meeting to educate a man that thinks he knows more about the markets than me. I hate those banker meetings because I always end up proving to them that they need to stick to their job and let me do mine. the banker meetings are very productive for the most part but it's time consuming, cracking their thick skull usually doesn't happen until the 3rd sit down. I've got to do it to keep clients but it takes me away from what I do best-----manage risk and trade. I guess it's one of those situations where I have put up with the bad to reap the good. I don't want to be a teacher or a salesman but I find myself spending more and more time, doing just what I don't want to do.

Sorry for the rant, I need to take a deep breath or maybe call it a day to try and collect my normal calm self. Bankers just seem to rub me the wrong way and that goes back 40 years.

Messages In This Thread

The final Purchase Index for - - -
Re: I have no worries-----
You are a "Lucky Duck", ITZ to - - -
Re: Some days I want to scream----
Re: Some days I want to scream----
Re: You do have a point Mike,