Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading 9 doc
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_1 ppt
... Proprietary Trading Record
For the active trading years of 198 1– 199 5 (including four
years when I granted power of attorney to another trader)
and again starting in 2007, my average annual rate of
return ... 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...
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_2 pdf
... points that I want you to remember as you
read Diary of a Professional Commodity Trader are:
1. Consistently profitable commodity trading is not
about discovering some magic way to find
profitable ... 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. T...
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 199 0s.
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 cas...
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_6 doc
... breakout day is sacred and that the
high of a downside breakout day or the low of an upside
breakout day will be the demarcation point between the
trading range of the pattern and the start of a ... concentrated
focus in 20 09. My opinion of sugar in 20 09 highlights the
fact that as a chartist I am not a detached market observer.
My biases often dictate my chart analysis...
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 ... The standard deviation of this occurrence is
quite extraordinary. But it is explainable. The reason is that
the distribution of profitable and unprofitable commodity
and forex trade...
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_9 doc
... profitable trades are those that breakout and 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 ...
patterns rather than allowing charts to become fully mature
before assuming a trade. Table 9. 2 presents the profile of
the amended Factor Trading Plan.
TABLE 9. 2 Amended Fac...
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 ... the daily June
gold contract, as shown in Figure 12.2. This same chart
was also featured as Figure 9. 25 in Chapter 9. The
advance on April 1 penetrated the upper boundary of a
chan...
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_13 pptx
... 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 capital and speculative ... The
benchmarks are the Lyxor CTA Index, the Barclay Hedge
NewEdge CTA Index, and the S&P 500. Lyxor and Barclay
track the commodity trading advisors (CTAs) managing
large assets...
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...