I'm not overtrading. You have to look at correlated positions. Read Market Wizards Marcus and Kovner section. If you go long Euro and Swiss...
Had a good gain on my Sugar short from 7.02 and covered Tues at 6.32. We should see a consolidation phase caused by commerical buying.
Just a poll... how many Round Turns you guys do per month and what's the leverage factor you use per position?
If $450 is all you lost, then it's a very cheap lesson.
Old timers know this, but for newbies... break in support is future resistance, and upside breakout area is future support. Watch out if breakout...
Oops, I feel like an idiot. It's First, not Final, Notice Day, and Lean Hogs is cash settled, so this doesn't apply.
I hate the rule that you have to exit trades, such as longs, after FND. There are numerous situations where the tight supply/demand situation...
EN scaled in around 1400 and just got rid of my contracts at 1412 because I"m expecting a short term consolidation. Still looking to cover Jul...
A degree is perhaps marginally helpful in trading. In money management it can help a lot more. (Trout/Harvard, Soros/London School Economics,...
:p "Yes, Neo." The Prechter Sentiment Indicator is telling us to buy stocks NOW!
As a rule of thumb, futures traders need to control their risk better because the leverage factor can cause a faster wipeout than in stocks.
A Blackjack analogy might be better because there's no bluffing involved. In trading you don't directly see your opponent across the table.
The change in style was due to the larger amount of funds causing him to lengthen his normal time horizons. It would seem that this occured...
I usually don't add to a trade. If you add to a winner, you're pyramiding, which is risky. If you add to a loser, you're averaging a loser, which...
WEB bought in 97' around $4.50 and took delivery. He has some storage costs. To him an investment, but probably more a hedge against financial...
The Center's test prep material is all you need to ace the Series 3 test. I took it Oct 2002 and passed it with flying colors.:p
"Discipline"? More like luck. If he did that for Nasdaq in late 90s right before rocket, he would be broke. It's rare to se "fifth avenue" houses...
Don't do it, because it's too risky.:eek:
End of week review: Seems that I tend to overleverage on bad trades, such as short lean hogs and long bond/note. I know that money...
End of day: slammed on long bond/note and long currencies (jy, sf). Cut losses on bonds and jyen. Fortunately, up on long cotton and short sugar.
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