facebook  youtube  blogger

Self-forgiveness and resolution

Self-forgiveness and resolution
  If your financial losses have injured or hurt your personal relationships, you must apologize and ask those persons for their forgiveness. Most people will forgive you immediately but whether or not they forgive you is unimportant. It is most important that you forgive yourself and resolve not to repeat the same mistakes. It’s also important to realize that if the offended person does not f...
Continue reading
770 Hits
0 Comments

How to Approach Trading - Part 3

How to Approach Trading - Part 3
How to Get Started:  I've seen many different trading plans. Whether they're two paragraphs or ten pages long, they put forth a way of looking at the market and they attempt to create some framework for approaching the markets. A good plan will include a well-tested strategy, a trading method, or a setup. Having a positive expectation should allow you to have the confidence to start trading y...
Continue reading
1032 Hits
0 Comments

Emotions in Context

Emotions in Context
When you put your money on the line, it's hard to avoid getting a little emotional. Beginning traders may be especially prone to experience a roller-coaster ride of emotions, feeling euphoric after a winning streak, yet disappointed after a string of losses. How well do you handle emotions? Winning traders control their emotions. They don't let their emotions control them. But emotions don't happe...
Continue reading
911 Hits
0 Comments

How to Approach Trading - Part 2

How to Approach Trading - Part 2
Discipline is the Key:  You will need discipline in several areas to be successful. First you'll need the discipline to make a plan, rather than shoot from hip. Without discipline, many approach the markets like a craps table and they can expect the same results; short-term successes based on luck and long-term losses based on randomness. Second you'll need the discipline to follow the plan. ...
Continue reading
942 Hits
0 Comments

About Change

About Change
People don't want to be changed. They don't want to be told that they need to change. Do you ever find yourself struggling in those areas? Thank you for your honesty. If there is a struggle, that means there is a battle for truth. If you're not battling, you've already lost. Truth has been lost and deceit has won. We must come to a place where we are willing to unclothe our soul, ultimately, compl...
Continue reading
868 Hits
0 Comments

How to Approach Trading - Part 1

How to Approach Trading - Part 1
Develop a Trading Plan:  The main message I want traders to understand is how important the disciplined execution of a well thought out trading plan is in today's markets. Nobody knows for sure what a given market will do next. Having a plan of attack will allow you to successfully cope with the uncertainty that is an inherent part of trading. I think it makes good common sense to have a well...
Continue reading
1146 Hits
0 Comments

Searching for a Winning Strategy

Searching for a Winning Strategy
Winning traders must identify profitable trading strategies. It's a creative process. Much like scientists find evidence to support a theory, traders must formulate hypotheses and determine whether their proposed strategy can produce a profit. You must sift through a wealth of information, mentally testing and retesting your hypothesis and trying to decide if it will work when the ideal market con...
Continue reading
895 Hits
0 Comments

Commitment

Commitment
Recently, someone sent me the following question: “Just how committed does a trader need to be?” I don’t know that I can put a number to that. For instance, on a scale of 1-10 how committed should a trader be. But if I had to evaluate it on that basis, I would say he must be a “10.” What is the value of commitment? How do you measure such a thing? Most people have an “interest” in becoming consist...
Continue reading
796 Hits
0 Comments

Trading Idea: GFJ17+ZCK17-2xLEQ17

Trading Idea: GFJ17+ZCK17-2xLEQ17
  Today I am looking at a very “strange” butterfly spread: Long 1 April Feeder Cattle and one May Corn and short 2 Live Cattle August. I have to admit that it is difficult to find an entry into this trade by looking for chart patterns but it is easy to see the possible support around the current level. OK, the spread moved a bit lower in July last year but this happened when there was not eno...
Continue reading
966 Hits
0 Comments

Do Something Else!

Do Something Else!
You need to find other things to do while padding the time waiting for better trades. Try to study the markets or different ways of trading, or simply do something completely different like going to the beach. It is critical that you learn to enjoy yourself in ways other than being in a trade. The fact is, if you are trading in a professional way, you are out of the market much of time. So you nee...
Continue reading
886 Hits
0 Comments

Support and Resistance

Support and Resistance
I received a couple of emails asking whether or not I believe in support and resistance. In fact, one subscriber said if I didn't believe in support and resistance, then I couldn't possibly believe in trend! Why? Because in all cases the situation ends. Here's what I believe: The trend is your friend until the end. The swing is the thing until it goes "ding." What is support and what is resistance...
Continue reading
937 Hits
0 Comments

Optimized Entry or Exit

Optimized Entry or Exit
Optimized entry (green vertical line on the chart below) or exit ( red vertical line on the chart below) is part of seasonal patterns. For example: the spread X–Y shows a strong seasonal up move in July with an optimized entry date on July 3 and an optimized exit date on July 28. This means “usually” the spread moves up between July 3 and July 28, but this is just based on statistical data of the ...
Continue reading
1007 Hits
0 Comments

Windfalls

Windfalls
Have you ever find $50 in your coat pocket or receive an unexpected gift from a relative? Perhaps you inadvertently overpaid your credit card, and now have an extra $100 that you didn't think you had? When most people receive a windfall, they feel they can spend it freely, as if it isn't "real" money. The same thing happens when recreational gamblers unexpectedly win a jackpot. They didn't expect ...
Continue reading
748 Hits
0 Comments

Are you an efficient Trader?

Are you an efficient Trader?
Most traders start out with a dream. And usually part of that dream is that once you’re a successful trader you’ll have a lot more time for the things in life you enjoy spending time with. Your family, friends, hobbies, spend time in nature and start other business opportunities you’ve been dreaming of realizing. Besides making money, for many the main reason to start trading is actually that they...
Continue reading
961 Hits
0 Comments

Do you think that what this guy wrote is true?

Do you think that what this guy wrote is true?
“You can get ahead of yourself in this game, and it’s dangerous to get cocky. But I’ve had times where for an hour I could do no wrong. I’m trading and 99 percent of the trades are good, they’re all for 30 or 50 contracts, and I’ll make 10 grand. Then I’ll overextend myself and maybe buy 10 or 15 contracts, fighting the trend just because I know prices have hit a support level. Then prices blow th...
Continue reading
Recent comment in this post
Jean1975
Mmhhh... Maybe this guy is telling the truth but i honestly doubt that a trader can be consistently successful without being able ... Read More
Sunday, 18 December 2016 15:24
772 Hits
1 Comment

Looking at how the money supply affects trading in the markets.

Looking at how the money supply affects trading in the markets.
There are two important components of federal market activity which affect long- term economic activity and stock and commodity values; these are interest rates and money supply. A contracting money supply was one of the factors that caused the Great Depression of the 1930's. In the early 1980's most traders focused almost totally on the money supply figures, which would cause cash bonds and T-Bil...
Continue reading
813 Hits
0 Comments

E-Mini Russel 2000 (TF) Multiplier Change

E-Mini Russel 2000 (TF) Multiplier Change
Something you should be aware of if you're trading the TF:  Starting today (December 5th) the E-Mini Russel 2000 (TF) has a tick value of USD 5.00 instead of USD 10.00 while the tick size stays the same. For more info see the  ICE FAQ . Happy Trading! Marco
Recent Comments
Jean1975
...As CME already did for other products it seems that they need to bring a lot of small fishes in the market. You know, the big b... Read More
Monday, 05 December 2016 11:21
Marco Mayer
Well yes, for sure it brings in more retail traders. But considering the TF is a considered a mini-future it makes sense. At least... Read More
Tuesday, 06 December 2016 02:45
907 Hits
2 Comments

Simplicity of Trading

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...
Continue reading
1279 Hits
0 Comments

"Once I’ve achieved success as a trader, then what? I’ve heard that after a while trading can become boring."

"Once I’ve achieved success as a trader, then what? I’ve heard that after a while trading can become boring."
Question from a subscriber: " Once I’ve achieved success as a trader, then what? I’ve heard that after a while trading can become boring ." I know you would all like to have that problem, but I can vouch for its being true. I always have to find new ways to trade or I do become bored. However, I have never run out of ways to trade that remain exciting, at least for a fairly long time. After the ob...
Continue reading
Recent Comments
Jean1975
For sure good trading is not exciting, because long lasting success comes from always doing the right small things day in and day ... Read More
Friday, 02 December 2016 07:14
Joe Ross
Great! You haven't reached that level yet, and maybe you never will. There's another item I haven't previously written about, but... Read More
Saturday, 03 December 2016 08:45
Jean1975
Wow... Outliving the own trading abilities looks like another gift of the Lord! It should be the great cycle of the life. I mean,... Read More
Sunday, 04 December 2016 09:46
1245 Hits
5 Comments

I Find Myself with an Attitude of Gratitude

I Find Myself with an Attitude of Gratitude
Dear Friends, Whenever this time of year rolls around, I find myself with an attitude of gratitude. This week we celebrated Thanksgiving Day. Although "Thanksgiving" is not celebrated here in Uruguay, many living here celebrated at various places around the country. There were at least fifty people at the gathering my wife and I went to. Trading and markets have been a major part of my life for al...
Continue reading
761 Hits
0 Comments

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.