Howdy folks. I have been asked several times if and how diversification can help us trade better; I believe diversification is one of the crucial factors in the success of a trading plan besides having a good trading system and […]

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 as we know it. He believed that the crowd, whether

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 type of commodity: the grains, metals, meats, etc. A meat

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 I do not have that. Today I was talking with

…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 the line, the powers of our own mind become mind

(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 I can watch them on CNBC? (A) Yep. A floor

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 traders to go after stops each night you send out

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 who are full of it. There are those who are

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 to make money if you are not being greedy and

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 courses available today focus almost exclusively on indicators or entry

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 behavior. All of your character traits will be manifested in

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 emotions is the norm. In discussing this I focused on

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 that interact in a given market come together to create

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 market, it is peoples perception of the significance of the

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 wouldnt have much of a chance for longer term outlooks,

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 months to find out! You mean you dont even have

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 myself effectively when teaching or addressing others. So now I

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 of hype from scrupulous vendors preying on innocent victims. Many

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 own records as well. The reason being, you want to

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 barricades to price movement. Invisible of course till we draw