I once walked into a casino and it was the most depressing scene of unhealthy, mindless, and hopeless behavior I had ever seen in my life. Until……… Read more “Treat your capital like poker chips”
Trading commodities can be a rollercoaster. Learning how to trade is a rollercoaster inside a tumbler ride! The learning process can be so intense and painful, at… Read more "How I got out of the hole"
I was once a Dean of Students at a private prep school. I was trained by an "old-school" principal on how to handle various discipline issues among… Read more "Fear the market like you fear your dad"
There was a time when traders used to “read the tape” to get a sense of where prices were moving in the short-term and to identify where…… Read more “You have to listen to a lot of noise to identify the signal”
Many trading plans focus on the entry signals. I believe, the starting point of a trading plan is a risk management plan that stops you out of…… Read more “The starting point of a trading plan”
This isn’t a new concept. In fact, it can be applied to many facets of business and life in general. The beautiful thing about trading is that…… Read more “Right idea + bad execution = losses”
I made brief reference to a stop run action in this post and I just wanted to give you a more clear example. This is Soybeans on a…… Read more “Classic stop run action. One way the big traders squash the little ones.”
I’ve shared in other settings that trading futures with a $10,000 account is not ideal. In fact, if this is your first trading account, it’s downright stupid. …… Read more “Trading futures with a small account”
Here is the second of the two trades I have left, as of Monday morning. Long New York Coffee (KC), May ’18 expiration @ 1.1890. Risk $375…… Read more “Trad 2. Long #Coffee.”
Here is the first of the two trades I have left, as of this morning. Long Gold, June ’18 expiration. First entry at 1,336.90, with stop at…… Read more “Trad 1. Long #Gold. (Updated 4/11/18)”