Diary of a Professional Commodity Trader Lessons from 21 Weeks of Real Trading 8 docx

... 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 ... Proprietary Trading Record For the active trading years of 1 981 –1995 (including four years when I granted power of attorney to another trader) and again starting...

Ngày tải lên: 20/06/2014, 19:20

... 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 ... quick-fix systems and approaches as a means to easy profits are a dishonor to the real- life challenges of trading. Second, I want to communicate to nontraders and t...

Ngày tải lên: 20/06/2014, 19:20

... 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 trade may be a loser. Obviously, ... 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)....

Ngày tải lên: 20/06/2014, 19:20

... 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 ... simply a means A continuation pattern during the course of a major trend allows me to advance my initial protective stop in the direction of a profitable tr...

Ngày tải lên: 20/06/2014, 19:20

... 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 ... 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 t...

Ngày tải lên: 20/06/2014, 19:20

... 3 Dec. 1 983 –Feb. 1 984 ( 18. 2%) 3 July 1 988 –Dec. 1 988 (15.4%) 6 July. 1 984 –Oct. 1 984 (12.9%) 2 Aug. 1 985 (11 .8% ) 1 Apr. 1 989 (11.6%) 1 * The data above represent actual proprietary trading performance. ... Figure 8. 7). FIGURE 8. 7 Taking a Small Profit in the GBP/USD. Sept. 1 987 –Apr. 1 988 (27.2%) 8 July 1 982 (26.3%) 1 Mar. 1 985 –June 1 985 (21. 1%) 4 Mar. 20 08...

Ngày tải lên: 20/06/2014, 19:20

... 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 ... filled in a matter of days or weeks. But, traders should always consider gaps through major boundary lines to be potential breakaway gaps. Legitimate breakaway gaps do not get f...

Ngày tải lên: 20/06/2014, 19:20

... 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...

Ngày tải lên: 20/06/2014, 19:20

... 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 asset...

Ngày tải lên: 20/06/2014, 19:20

... 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...

Ngày tải lên: 20/06/2014, 19:20