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Editor Commentary
As in poker, commodity trading is a zero-sum game based on calculated risk.
The commonality of both is that the proverbial trigger must be pulled in advance of seeing the other "player's" cards -- and ultimately what one "player" wins is offset by the other's loss.

Commodity trading and poker alike are probabilistic pursuits. To realize consistent gains, both the poker player and the trader must be disciplined and think in terms of odds.

David Sklansky's book, The Theory of Poker, has long been a recommended read by our staff. The logic detailed in this book is directly correlative to success in commodity trading. Expanding upon this, The Schork Report employs a multi-disciplinary approach to identify trades where a combination of fundamental, seasonal or cyclical factors suggests an enhanced return.

Readers' questions, comments and feedback fuel the evolution of the newsletter. We invite you to read and react to The Schork Report.

Stephen

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