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The journeyman trader project

The journeyman trader project

On April 25, 2017, I took $10,000 to trade commodities…

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    Month: July 2017

    Speculators are scumbags

    The role of financial speculators, especially when it comes to agricultural commodities, has often been villainized by political activists and special interests groups.  The criticism has been particularly…… Read more “Speculators are scumbags”

    July 18, 2017September 1, 2017 by The Journeyman Trader

    Do nothing. No, do less.

    It’s not as funny as the scene from Forgetting Sarah Marshal (a movie I don’t recommend), but the line should be learned by every trader.  Once a…… Read more “Do nothing. No, do less.”

    July 14, 2017September 1, 2017 by The Journeyman Trader

    Never, ever chase a break

    Another lesson in temperament and self-control is the ability to not chase a rally (or breakdown) if the trade no longer stays within your risk parameters (i.e.,…… Read more “Never, ever chase a break”

    July 11, 2017September 1, 2017 by The Journeyman Trader

    Trading = Baseball (…only if you swing)

    Many life activities get boiled down to a baseball analogy: three strikes and you are out. Trading lends itself very easily to sport analogies.  Baseball, with its…… Read more “Trading = Baseball (…only if you swing)”

    July 11, 2017April 4, 2018 by The Journeyman Trader

    “Be true to yourself” is b.s.

    One of the biggest lies we have told ourselves in the 20th and 21st century West is that we are born naturally good and we need to…… Read more ““Be true to yourself” is b.s.”

    July 4, 2017September 1, 2017 by The Journeyman Trader

    Why wait for support and resistance? 

    Because they offer the best risk/reward opportunities.  Especially with breakouts, once prices have left the previous level of support and resistance, they will travel until they find…… Read more “Why wait for support and resistance? “

    July 4, 2017September 1, 2017 by The Journeyman Trader

    There are only 4 trades worth taking

    Prices tend to congregate around areas of resistance and support.  It doesn’t matter what one buys or sells.  Support and resistance apply to anything that has a…… Read more “There are only 4 trades worth taking”

    July 4, 2017April 4, 2018 by The Journeyman Trader

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