Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading 4 potx
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_1 ppt
... believe are unique among commodity
trading books:
1. I am a real trader who trades real markets in
real time with real money. I am not an
academician or a person who relies on the sale of
books ... Managed Account Research Inc. web site.
Part II: Characteristics of a
Successful Trading Plan
Chapter 2: Building a Trading Plan
Trader Personality and
Temperament...
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_2 pdf
... is
because I am. Research has shown that having a managed
commodity portfolio decreases the volatility of a balanced
stock and bond portfolio. Figure I .4 compares the Barclay
Commodity Trading Advisor ... profitability
that trading requires a comprehensive approach
addressing far, far more than simply having a belief that a
certain market is going to advance or decline....
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_3 pptx
... technical approach used by the Factor Trading Plan
falls into a category known as discretionary (as opposed to
the mechanical approach used by many technical traders).
A discretionary trading plan ... are dictated primarily by how
risk is managed. Many novice commodity traders assume
each trade will be a winner. Professional traders manage
their trading to assume that each tra...
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_4 potx
... professional
trading career was dedicated to advancing a more
conservative approach to futures trading. Donchian passed
away in the early 1990s.
The Weekend Rule basically states that a market that
decisively ... graph of the
Australian dollar/Japanese yen (AUD/JPY). Again note the
retest that occurred two weeks after the initial pattern
completion. As is almost always the case...
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_6 doc
... the
determination of the risks and leverage taken on any trade
or combination of trades, trade order management deals
with the actual physical process of entering and exiting
trades.
My job as a trader is really ... Figure 6 .4. I bought a mini contract (a total
of 33 ounces) of April gold at 8 84. 2 per $100,000 of
capital. My initial stop was just under the Last Day Rule...
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_8 ppt
... dealer and trading
platform can have slightly
different bids and offers
Standardized, a
single market
Size of
trading units
Flexible Standardized
Volume,
liquidity,
hours of
trading
Advantage spot
Regulatory
oversight
Commodity ... The standard deviation of this occurrence is
quite extraordinary. But it is explainable. The reason is that
the distribution of profitable and un...
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_9 doc
... never
look back.
March Corn: A Classic Breakaway Gap
Signal Type: Major Breakout Signal
The vast majority of price gaps are pattern gaps—gaps
that occur within a trading range that are covered ... through a series of trading signals. The gold market
from January through early April was a great example of a
concept I call market redefinition a process where one
p...
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_11 doc
...
The Australian dollar/Canadian dollar (AUD/CAD) is a
textbook example of the comedy of errors that can occur
when a symmetrical triangle works its way too far toward
the apex. Because prices had ... percent.
One trade (USD/CAD) remained open. None of the closed
liners my trading is reduced to just trades that wash each
other out. Each month, the Factor Trading Plan needs a
co...
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_13 pptx
... chart trading are those
that are delayed …delayed …delayed …delayed! Do not
anticipate what a chart might become. Make a chart prove itself.
Do not lead a breakout. Do not determine what a chart ... the Daily
Copper Graph.
The Goal of the Markets Is to
Separate You from Your Money!
A trader much wiser and more profitable than I once said that
the real purpose of capit...
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_15 doc
...
performance evaluation
at profit
risk management
Factor LLC:
first big trade
proprietary trading record
Factor Trading Plan. See also Case studies
assumptions of
basics of
best trading ...
personality and temperament and
risk management and
success and analysis of
Trading platforms
Trading signals:
criterion for valid
successful trading and
Tra...