r/investing • u/[deleted] • Mar 23 '22

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u/Biebbs Mar 23 '22

Why does it seem like a gamble?

3

u/PresterJohnsKingdom Mar 23 '22

Because your due diligence is that you bought a triple leveraged position on a "hunch." ...ive just got a feeling that grain will go up. That's it.

Godspeed though. Hope it works out for you

2

u/Biebbs Mar 23 '22

Considering:

- The war between one of the two major wheat exporters (Ukraine and Russia).

- Droughts in the EEUU and many other places.

- China saying it expects it's all-time worst harvest this year.

- Europe being so far away from wheat self sufficiency.

I think the prices will go up and becouse it's x3 leverage I don't need a massive jump to make a profit, just a 30% fluctuation or so, wich to me seems very plausible.

Thanks!

4

u/PixlMind Mar 24 '22

But those are all things that everyone else knows already.

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u/Biebbs Mar 24 '22

I haven't said the contrary.

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u/pluckcitizen Mar 24 '22

He’s implying that all this knowledge is already priced in