Diary of a Professional Commodity Trader Lessons from 21 Weeks of Real Trading 9 doc

... 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...

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 ... $1.4561 and selling it for $1.45 59, a two- pip disadvantage. Very large speculative traders, such as professional trading operators, qualify for a narrower bid/offer s...

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 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...

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

... 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...

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... 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...

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 ... 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...

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... 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