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

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 profits when they occur. But this frequently results in demoralization

(Q) I am relatively new to trading. Actually papertraded so far for about 3 months, kind of mixed results, but the last month I seem to be getting a firmer grasp of things – I am well ahead several thousand

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

Another interesting thing in day trading is lunch. Not ours, theirs, Gee. The floor traders I mean. If you have instant youll notice when folks usually break off for lunch as the activity dies. Then shortly after 1 pm (except

(Q) I was just wondering how long you should paper trade before you use real money. I know it is different for everyone but i am just looking for any rough idea from you experienced traders. Many thanks, Jitka N.

Once you get into a position and the market shows signs of moving in your direction, what else can you do besides ordering that new red sports car, hehe? Many commodity traders like to add to their position. If you

Trading online does not give you better fills than regular order placement. The only thing it does, it bypasses your broker. This means, there is an increase in the speed of getting an order to the floor. From there, the

Well I dunno… Perhaps it is a religious thing. I dont know. All I know is here before you lay the dream. The last chance for many, the beginning for others. For some it is the eleventh hour. The last

Dear fellow students, You should know that I get pretty mad with some of you. You call or write and say you did this and that trade and come to find out youve got 2 grand in your account. Not