Following the Herd
When everyone thinks alike, everyone is likely to be wrong. Not my words, altho I could easily second them. These words were spoken of Mr.Neill, the father of contrary-opinion trading […]
Following the Herd Celý text »
Tato sekce obsahuje Tomovy obchodnické články v angličtině. Většina z nich pochází z poloviny devadesátých let, kdy byl Tom aktivním dopisovatelem na několika začínajících zahraničních oborových internetových serverech a proslulého tištěného Futures Magazine.
When everyone thinks alike, everyone is likely to be wrong. Not my words, altho I could easily second them. These words were spoken of Mr.Neill, the father of contrary-opinion trading […]
Following the Herd Celý text »
Before you start thinking of some trading program of yours, you may want to select one area of specialization. One way to do this is to limit yourself to one
So do You Specialize or Not? Celý text »
In talking a lot with newbees on this forum, I have come to the conclusion that they think trading is something you develop an intuition for. I can tell you
Emotions in Trading Celý text »
…good attitute, huh? Many traders lose, not because they „dont have the right software“, or because „the market was terrible“, they lose because they screwed up. When money is on
Failure is not a part of my mindset nor my focus… Celý text »
(Q) Just curious: a floor broker??? I have heard that term many times, not knowing exactly what specific work they are doing. Are they the guys in those funny-colored jackets
Q&A On a Floor Broker Celý text »
Greetings Friends! I have gotten questions by a few asking…*The more popular your course becomes and the more people using your strategies, wont this become too well known allowing floor
Floor Brokers & Whipsaw Thingy Celý text »
There are those who trade. There are those who reveal how they trade and why. There are those who are silent. There are those who are new. There are those
Folks, This Has Been on My Mind for Awhile Celý text »
Just went thru archives lately, I encountered a post there (I believe someone quoting the Phantom) regarding intentions and trading. The overall takeaway was something close to *it is easier
In the rambling I have written so far, I tried to impart some of the variables that I believe are essential to trading. The great majority of trading books and
Long Trading Related Ramble (8) Celý text »
I have always liked to tell everyone that the markets are pretty much like a mirror… reflecting back to us our inner states of being and our habitual pattern of
Long Trading Related Ramble (7) Celý text »
As previously discussed, in the thought and behavior of market participants that ultimately determine price action, fear and greed are constantly at work, creating a volatile environment where extremes of
Long Trading Related Ramble (6) Celý text »
Support and resistance. As previously discussed, I strongly believe that a price chart is a graphical representation of human behavior and market sentiment. The many thousands of traders and investors
Long Trading Related Ramble (5) Celý text »
It is important to understand that human behavior drives the markets… and any indicators that you use should be used in this light. When some news or report hits the
Long Trading Related Ramble (4) Celý text »
A methodology needs to be chosen that fits with your personality and individual risk tolerance and level of aggresion. Also, capitalization needs to be considered. Obviously, someone with limited capital
Long Trading Related Ramble (3) Celý text »
You mean you dont have an idea to the potential drawdown of your system method? Then you need to do some research, backtesting, and paper trading for at least several
Long Trading Related Ramble (2) Celý text »
Greetings folks. I am currently trying to write a few things for my website. However, I cannot get inspired. Strangely enough, I have found I can only write and express
Long Trading Related Ramble (1) Celý text »
We are all bombarded by countless mass mailing vendors who tout miraculous trading systems that will make us rich beyond our wildest dreams. Even on internet we get our share
LOL. Re: If your system is so good, then show me your account statement Celý text »
Accurate record keeping is a must for commodity trader. Your broker will provide you with computerized statements of your trading activity, but it is absolutely necessary that you keep your
Keep Your Records! Celý text »
Tonights lesson is on the lines of retracement. This really is an easy one folks. The lines of retracement, the 61.8% the 50% and the 38.2% simply act as invisible
On Retracement Lines Celý text »
No doubts you have heard this before. But I guess emphasizing this rule never hurts, what do you say? History tells us most traders have a tendency to take small
Let Your Profits Ride Celý text »