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Contrarian Trader

Being a contrarian trader means not just following the crowd. It means being willing to break the rules when necessary! Statistics show that the “crowd” loses close to 80% of the time position trading, and very close to 90% of the time day trading.  Why would anyone want to do what all those people are doing? So, what is it the crowd is doing?  For the most part they are struggling with ...
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Simplicity of Trading

Trading requires that you take decisive action. Implementing a successful trading plan quite often requires that you make quick decisions when the right market conditions come into play. The more complicated you make your trading, the harder it becomes to make quick decisions. We all know it can be hard to make trading decisions when your money is on the line. Most of us have a natural desire to a...
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The more I know, the less I know, and the more I become confused.

People have the tendency to believe that the accuracy of forecasting the markets increases with more information. This is the illusion of knowledge – that more information increases your knowledge about something and improves your decisions. However, this is not always the case – increased levels of information do not necessarily lead to greater knowledge. There are three reasons for this. First, ...
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Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.