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Casual Articles - The 40 Rules Of Consistently Profitable Commodity Futures And Option Traders, PART 4
If you have debts and you want to get rid of them as early as possible, then you should start taking steps towards it right now. You must have a debt management program in place so that you exactly know how you are going to repay the debts. A debt management plan enables you in reducing the debt repayment burden and most importantly allows you for timely repayment.There are many companies who are in the business of offering a debt management program. Debt ridden people can subscribe to their programs through a simple onli
Faith Gives Us Confidence - Confidence Kills Fear
26) Develop a positive trading attitude to create faith in your trading outcomes. Faith is what gives us confidence. Confidence is needed to kill fear. A confident person who is in the “now moment” has little time to think about his fears. Anytime we make a decision when fearful, the probability is high we are going to make the wrong choice. Read this rule again.
Your Edge is Knowing When The Market is Changing
27) Unless you have designed your computer's commodity futures trading program yourself, do not blindly follow it. Even if it is composed of your ow
Every off- or online business has a target of growing its market share. Under all other equal conditions the percent of the market, occupied by a company, means certain level of recognition, brand, exposure and, therefore, sales and income.For small business owner a shift from 0.01% internet market share to 0.04% may result in tremendous four times income growth, the problem is in the limits of resources this particular owner has access to. Usually they are weak enough to allow such expansion at their own cost.Help
Scale In and Out Like a Pro
21) Once you have a profit, it pays to scale out a portion of the position. Liquidate half into the first sharp profitable move and then hold the rest for the ride. This makes a trade easier to handle psychologically and will usually result in a small profit even if the futures contract market comes back later to your original entry point.
Recognize When You Are "On-Tilt" or Euphoric - Then Leave
22) It’s easy to get emotional when things go wrong - or even if they go right! We sometimes get on a vendetta looking to make back our loss quickly by loading up or taking the first marginal trade that comes along. Or we load up after a big profit thinking we are playing with the market’s money. Being steamed or euphoric is the road to big losses. Monitor your own temperament at all times.
The Short Side Is The Way To Go
23) Be just as willing to sell short as buy long. In fact, short sales can be faster and more reliable once the public gets loaded up. If for some reason you were restricted to trade the futures market long only or short only, the short side would be the way to go.
Wait For Panics To Buy and Sell - Let The Public Be Comfortable In The Middle
24) Avoid buying in the middle of a range. This is where the public buys and sells because it feels more comfortable. Actually, the risk is higher there because price can easily return to the edge of the range and break through. Learn to stick your hands in the fire with the large traders and do your positioning into buying or selling panics at the extremes. This gives a great price buffer in the short term due to a tendency for the market to bounce after a spike panic.
In addition, indicators tend to become fuzzy and worthless in middle ranges. Many futures indicators work better when pushed to extremes. The rule is, sit on your hands no matter how tempting it is to buy the middle of a range. Force yourself to initiate aggressive trades. You get paid for adding market liquidity, and penalized for taking it away. This is especially true in the commodity futures contract and options markets.
If there are thirty people bidding for something and only one willing to sell, and you come in bidding, you are taking away liquidity. If you step in and join the lonely seller to satisfy the crowd, you are adding liquidity. Think about it.
Divergence Contains Many Clues
25) Divergence patterns can be a powerful indication in many areas. Look for two similar markets making different bottoms. Or identify a pet indicator making higher bottoms while price is not, etc. There are many ways to use divergent variations in your trading. Give this area some thought.
Faith Gives Us Confidence - Confidence Kills Fear
26) Develop a positive trading attitude to create faith in your trading outcomes. Faith is what gives us confidence. Confidence is needed to kill fear. A confident person who is in the “now moment” has little time to think about his fears. Anytime we make a decision when fearful, the probability is high we are going to make the wrong choice. Read this rule again.
Your Edge is Knowing When The Market is Changing
27) Unless you have designed your computer's commodity futures trading program yourself, do not blindly follow it. Even if it is composed of your own
All of us want to make a glorious, fantastic and stunning career. We dream of earning a lot of money and at some definite moment delegating our business to our children. We plan spending the rest of our lives somewhere at the sea shore, in the country of the bright sun, warm climate, delicious fruit and cheerful people. Each of us has a desire to work and progress, we are full of ambitions, we are patient enough, we are fast learners, smart, energetic… With all these qualities we are a dream of every employer. But never make
22) It’s easy to get emotional when things go wrong - or even if they go right! We sometimes get on a vendetta looking to make back our loss quickly by loading up or taking the first marginal trade that comes along. Or we load up after a big profit thinking we are playing with the market’s money. Being steamed or euphoric is the road to big losses. Monitor your own temperament at all times.
The Short Side Is The Way To Go
23) Be just as willing to sell short as buy long. In fact, short sales can be faster and more reliable once the public gets loaded up. If for some reason you were restricted to trade the futures market long only or short only, the short side would be the way to go.
Wait For Panics To Buy and Sell - Let The Public Be Comfortable In The Middle
24) Avoid buying in the middle of a range. This is where the public buys and sells because it feels more comfortable. Actually, the risk is higher there because price can easily return to the edge of the range and break through. Learn to stick your hands in the fire with the large traders and do your positioning into buying or selling panics at the extremes. This gives a great price buffer in the short term due to a tendency for the market to bounce after a spike panic.
In addition, indicators tend to become fuzzy and worthless in middle ranges. Many futures indicators work better when pushed to extremes. The rule is, sit on your hands no matter how tempting it is to buy the middle of a range. Force yourself to initiate aggressive trades. You get paid for adding market liquidity, and penalized for taking it away. This is especially true in the commodity futures contract and options markets.
If there are thirty people bidding for something and only one willing to sell, and you come in bidding, you are taking away liquidity. If you step in and join the lonely seller to satisfy the crowd, you are adding liquidity. Think about it.
Divergence Contains Many Clues
25) Divergence patterns can be a powerful indication in many areas. Look for two similar markets making different bottoms. Or identify a pet indicator making higher bottoms while price is not, etc. There are many ways to use divergent variations in your trading. Give this area some thought.
Faith Gives Us Confidence - Confidence Kills Fear
26) Develop a positive trading attitude to create faith in your trading outcomes. Faith is what gives us confidence. Confidence is needed to kill fear. A confident person who is in the “now moment” has little time to think about his fears. Anytime we make a decision when fearful, the probability is high we are going to make the wrong choice. Read this rule again.
Your Edge is Knowing When The Market is Changing
27) Unless you have designed your computer's commodity futures trading program yourself, do not blindly follow it. Even if it is composed of your ow
BALTIMORE, MD-Uranium and zinc remain my top base metal picks for investors in 2007, despite a recent 15% decline in zinc prices on rising inventories. And I believe that it's a good thing we've established an early position in Firestone Ventures (TSX-V: FV), because they have both.Firestone Ventures has completed the first 21 core drill holes of the winter 2006/2007 drill campaign at their Torlon Hill zinc project.A total of 938 meters in 21 vertical holes were drilled during November and December
24) Avoid buying in the middle of a range. This is where the public buys and sells because it feels more comfortable. Actually, the risk is higher there because price can easily return to the edge of the range and break through. Learn to stick your hands in the fire with the large traders and do your positioning into buying or selling panics at the extremes. This gives a great price buffer in the short term due to a tendency for the market to bounce after a spike panic.
In addition, indicators tend to become fuzzy and worthless in middle ranges. Many futures indicators work better when pushed to extremes. The rule is, sit on your hands no matter how tempting it is to buy the middle of a range. Force yourself to initiate aggressive trades. You get paid for adding market liquidity, and penalized for taking it away. This is especially true in the commodity futures contract and options markets.
If there are thirty people bidding for something and only one willing to sell, and you come in bidding, you are taking away liquidity. If you step in and join the lonely seller to satisfy the crowd, you are adding liquidity. Think about it.
Divergence Contains Many Clues
25) Divergence patterns can be a powerful indication in many areas. Look for two similar markets making different bottoms. Or identify a pet indicator making higher bottoms while price is not, etc. There are many ways to use divergent variations in your trading. Give this area some thought.
Faith Gives Us Confidence - Confidence Kills Fear
26) Develop a positive trading attitude to create faith in your trading outcomes. Faith is what gives us confidence. Confidence is needed to kill fear. A confident person who is in the “now moment” has little time to think about his fears. Anytime we make a decision when fearful, the probability is high we are going to make the wrong choice. Read this rule again.
Your Edge is Knowing When The Market is Changing
27) Unless you have designed your computer's commodity futures trading program yourself, do not blindly follow it. Even if it is composed of your ow
You may be hiding if the search engines can’t ‘see’ all of your site’s relevant content.You’ve invested a great deal of time and effort carefully crafting compelling, helpful website content for prospective customers. It’s well written and contains the appropriate keyword phrases that prospects will likely use when searching for this type of information on the Internet.For some reason, though, the search engines seem to be ignoring this great content, and you’re missing an opportunity to bring well-targeted traffi
If there are thirty people bidding for something and only one willing to sell, and you come in bidding, you are taking away liquidity. If you step in and join the lonely seller to satisfy the crowd, you are adding liquidity. Think about it.
Divergence Contains Many Clues
25) Divergence patterns can be a powerful indication in many areas. Look for two similar markets making different bottoms. Or identify a pet indicator making higher bottoms while price is not, etc. There are many ways to use divergent variations in your trading. Give this area some thought.
Faith Gives Us Confidence - Confidence Kills Fear
26) Develop a positive trading attitude to create faith in your trading outcomes. Faith is what gives us confidence. Confidence is needed to kill fear. A confident person who is in the “now moment” has little time to think about his fears. Anytime we make a decision when fearful, the probability is high we are going to make the wrong choice. Read this rule again.
Your Edge is Knowing When The Market is Changing
27) Unless you have designed your computer's commodity futures trading program yourself, do not blindly follow it. Even if it is composed of your ow
There’s a lot of blogs out there on the Web, most of which don’t entice one to go back regularly to read updates. What is missing from these on-line journals that would essentially make them ‘good’ blogs? Well, the answers in life usually come down to simplicities. So let’s look at the problem like we were children. Children don’t complicate life with miscellaneous information, and when they speak they tell you straight to the point exactly how they feel and think about a subject. First of all, we
Faith Gives Us Confidence - Confidence Kills Fear
26) Develop a positive trading attitude to create faith in your trading outcomes. Faith is what gives us confidence. Confidence is needed to kill fear. A confident person who is in the “now moment” has little time to think about his fears. Anytime we make a decision when fearful, the probability is high we are going to make the wrong choice. Read this rule again.
Your Edge is Knowing When The Market is Changing
27) Unless you have designed your computer's commodity futures trading program yourself, do not blindly follow it. Even if it is composed of your own ideas, remember that the market will always change and render the program useless for periods of time. Your edge comes from developing a feel for when to use it and when not. Charting a system's performance and trading this performance is a very effective way to refine this feel. Trade the method's performance!
Part Five of Seven, Coming Next!
There is substantial risk of loss trading futures and options and may not be suitable for all types of investors. Only risk capital should be used.
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