Why Commodities with James Cordier Commodities 101: Learning from James Cordier’s Wins and Losses
Nov 21, 2024
James Cordier shares his fascinating journey in commodities trading, sparked by a childhood love for silver coins. He opens up about overcoming a major setback in 2018, emphasizing resilience and the lessons learned from that experience. The discussions cover the allure of key commodities like crude oil and gold, while advocating for diversification in investment strategies. Cordier also highlights the personal connections that aid in navigating market challenges, making commodities investment accessible for everyone.
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Career Highs Followed By A Defining Crash
- James recounts delivering 17% annualized returns from 2008–2018 and being widely sought by media.
- He then describes a 2018 crash that he calls his unavoidable "crash" which reshaped his career.
Liquidity Risk Can Appear Suddenly
- Liquidity can evaporate unexpectedly and wreck positions even in major commodities.
- James learned never to assume you can always exit a trade when needed.
Reflect, Learn, And Rebuild After Losses
- Reflect on major losses to dissect causes and prevent repeats.
- Use those lessons to become smarter, more nimble, and build a stronger team.
