Jim own a Hog farm. He produces 1,000 hogs per month to take to market, so he runs a fair-sized hog operation.Jim grows corn and soybeans for feed. He grinds his own beans into meal, and has silos for storage of both the corn and the beans. In years where the crop of the best quality, Jim stores as much of his crop as possible. If the crop is of lesser quality, he sells his crop in the open marke...
Trading Educators Blog
Taking a second look at potential trades at times results in “why didn’t I see this before?” For instance, what if you are looking at a market as it approaches a support area? Isn’t it reasonable to ask yourself, “If this market breaks through and I am long, what will I do?” Ask yourself how such an event would change the picture. If you have a position, will you still want...
Trading for a living involves more than getting in and out of the market at the right time, and more than thinking about moving averages and indicators. Trading is a business, not just a job, and every business in the world has to be managed. Every business involves the managerial functions of organizing, planning, delegating, directing, and controlling. If you, the trader, are to perform these fu...