tns from 21 weeks of rài liệu tài chính
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_1 ppt
Ngày tải lên :
20/06/2014, 19:20
...
Chapter 7: Characteristics of a
Successful Trader
Intimate Knowledge of Trading
Signals
Discipline and Patience
Analysis of Self and of the Trading
Plan
It Takes a Leap of Faith
Points to ... things of things. As a group, you can
be proud that you did not contribute to the global economic
woes of recent years.
As professional commodity and forex traders, you have a
lot to be proud of. ... the performance
of the top 20 professional futures and forex trading
operations during the past five years (measured by risk-
adjusted rates of return).
TABLE I.1 Performance of the Top 20 Commodity/Forex
Trading...
- 24
- 456
- 5
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_2 pdf
Ngày tải lên :
20/06/2014, 19:20
... forex
speculation for a period of about 21 weeks.
immediately reopen for a new day of trading. Seamlessly
(and on computer trading platforms), trading rotates the
earth from the United States to ... aspect of trading
mastered.
5. It is possible to be profitable over time even
though the majority of trading events will be losers.
“Process” will trump the results of any given trade
or series of ... single most important
component of consistently profitable market operations. I
want to address this underdiscussed aspect of market
speculation.
Of the top 20 professional commodity-trading firms
during...
- 24
- 695
- 1
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_3 pptx
Ngày tải lên :
20/06/2014, 19:20
... side
of trades in which I have a strong belief and
make money consistently.
About 30 to 35 percent of my trades over an
extended period of time will be profitable.
The probability of my ... to 1 percent of trading assets,
and preferably closer to half of 1 percent of assets.
Because I think in incremental units of $100,000, this
means that my risk per trade per unit of $100,000 ... follows that
the day of the breakout is a significant event. Ideally, I
establish a position at the point of a price breakout and use
the low of an upside breakout day or the high of a downside
breakout...
- 24
- 381
- 0
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_4 potx
Ngày tải lên :
20/06/2014, 19:20
... book, the types of
patterns presented here are not typical of the trades I make
on a regular basis—I only wish this were true! You will see
plenty of my mistakes and examples of lack of patience ... of the nearby contract of gold (Figure 3.28)
displays the second type of market run. In this case the
trend contained days with intraday lows beneath the
previous days’ lows, but in no case from ... Notice that the head of the eight-month
H&S took the form of a five-week H&S pattern.
When Is an H&S Pattern Not Real?
I am often amused by the interpretation of charts made by
talking...
- 24
- 349
- 0
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_6 doc
Ngày tải lên :
20/06/2014, 19:20
... upward from the high of the
right shoulder. In this case, I projected the height of the
original H&S of 634 points upward from the July 1 right
shoulder high of 8527, producing a target of 9161. ... amount
upward from the October 29 low of 1027 yielded a target of
1112, met on November 12.
Lessons from Trading Gold in 2009
I hate being jerked around in the markets. I hate buying at
the top end of ... another case of coulda,
woulda, shoulda!
It is important to note that the lows of the breakout day of
September 2 and the upthrust day of September 3 were
never challenged. This is often the case...
- 24
- 238
- 0
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_8 ppt
Ngày tải lên :
20/06/2014, 19:20
... immediate profit.
From time to time over the years, I have toyed with the idea
of grabbing a quick $500 to $1,000 per contract profit and
walking away from trades.
The analysis of my trading ... penetration of the
dominant trend line.
Being wrong on 91 percent of trades over a series of 27
trading events reaches the outer extreme of a bell curve
distribution. The standard deviation of this ... confirmation
of any sort from weekly chart developments. As a
general rule, a minor signal should be a minimum
of four to eight weeks in duration for a
continuation chart pattern and eight to 10 weeks
in...
- 24
- 238
- 0
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_9 doc
Ngày tải lên :
20/06/2014, 19:20
... 9.19 The Late Stages of the Rounding Top in
EUR/JPY.
The target of this trade was a test of the neckline on the
weekly chart. The target was reached on January 21. I took
profits. In situations ... trading unit, risking six-tenths of 1 percent.
The small running wedge had formed at the upper ice
line of the rectangle. Often, these smaller patterns propel
prices out of larger patterns. However, ... of a
series of five frustrating trades that began in January. I am
breaking the mold on the month-by-month format in order to
track gold through a series of trading signals. The gold market
from...
- 24
- 288
- 0
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_11 doc
Ngày tải lên :
20/06/2014, 19:20
... 11 different markets. Of the 16 trades
entered, seven were closed at a profit and 10 at a loss
(although not all in February)—a profit ratio of 43 percent.
The distribution of trades by category ... time of their formation but failed to deliver.
In turn, the daily formations are comprised of numerous
hourly chart formations, some of which produced a move to
their implied targets, many more of ... Simulation and optimization of
combinations of technical indicators is something anybody
can perform with any number of trading and analysis
platforms. I contend that this type of optimization produces
very...
- 24
- 252
- 0
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_13 pptx
Ngày tải lên :
20/06/2014, 19:20
... performance of the period
covered by this book into the context of my trading from
1981 through May 2010. This is a graph of the Value
Added Monthly Index (VAMI) representing the growth of
$1,000 ... Chart of
October 2009 Crude Oil.
The daily chart of the October contract, as shown in
Figure 14 .21, displays the closing price line. Often, a
closing price chart can provide
FIGURE 14 .21 Daily ... 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 markets is to
transfer wealth from...
- 24
- 241
- 0
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading_15 doc
Ngày tải lên :
20/06/2014, 19:20
... studies
assumptions of
basics of
best trading practices
components of
evolution of
global assumptions of
idealized construct of entire year
monthly returns from 1981
performance ...
not removable from trading
profitability and
Entry, to trades. See also Identification, of trades
Equity balance:
avoiding daily checking of
commodities as percentage of liquid
EUR/CHF, ... principles
benefits of chart trading
history of
ideal chart patterns
limitations of
Closing price, importance of
Cocoa, premature breakout in
Commodities, as percentage of liquid investment...
- 23
- 294
- 0
