Flo Rida & Commodity Trading

Flo Rida would make a great commodity trader.

One of the biggest misconceptions about commodity trading is that success comes from landing huge, spectacular trades.

In reality, the best trading businesses are built on far less exciting deals that are repeatable and reliable.

Margins are often just 2-3%, not the eye-watering profits that make the headlines. Chasing enormous gains usually leads to far more misses than hits.

Flo Rida seems to have taken a similar approach to his music career. Instead of relying solely on major tours that come with a lot of risk, large overheads, and enourmous time commitments, he has a different approach.

He has become well-known for regularly performing at private events such as weddings, birthdays, and bar/bat mitzvahs. People often laugh when they hear this but they shouldn’t.

Flo Rida’s performance fee ranges from $150,000 - $300,000 for just a 30-minute performance.

By keeping his calendar full with these types of performances, he has built an incredibly successful and repeatable business model.

Commodity trading isn’t all that different. The best trading houses are built on executing the same profitable trades hundreds of times with excellent discipline and risk management.

The occasional blockbuster trade is nice but it’s the boring, repeatable trades that build extraordinary businesses.