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Add You - The 40 Rules Of Consistently Profitable Commodity Futures and Option Traders, Part 2
The Federal Trade Commission’s Consumer Division’s Franchising Group is not well known by consumers or the citizenry. Franchising in the United States Accounts for one-third every consumer dollar spent and 400,000 outlets or stores. The Federal Trade Commission over sees the franchising industry. Some franchisors believe the FTC desperately needs turn over at the franchising division. Some attorneys who make money suing franchisors on behalf of franchisees and vendors like things just the way they are and realize any change would tip the balance and they would lose income in a highly litigious and good paying sector of law.One attorney we inte
To let profits run means we will have a lower win/loss ratio and the ego hates this. Faith and discipline will co
If you've been publishing an e-zine for at least 6 months but still aren't seeing real results from it, it's time for a tune up. Here are 5 ways to improve your e-zine:(1.) Spend more time tooting your own horn. At least 25% of your e-zine space should be about nothing but YOU. In this space you should give promos for your services, products, books, workshops, etc. You should list testimonials from clients and customers who truly love you.(2.) Make your subscribers an offer that they simply cannot pass up. This will kickstart them into purchasing your other products and services. This can be a very powerful tactic whenever it is used ri
Switch Brokers If You're Not Happy
9) If you are not doing well with your commodity futures broker, instead of changing firms call the branch manager and ask to switch brokers. He will listen to your ideas and can usually match you up with someone more suited. You may ask to speak with several different brokers before making a decision. A commodity brokerage firm will always be happy to help you find a more suited broker rather than losing your account.
A Trading Loss is an Opportunity to Reposition Yourself
10) Look at a small loss as a new opportunity to reposition yourself at a better price. This assumes you still like the trade's probabilities.
Are you following these forty commodity trading guidelines? Follow them all and you have a better chance of becoming a consistently profitable commodity futures and options trader. Design your trading plan around these rules. Don't underestimate their value for your success.
Switch Brokers if Not Happy
9) If you are not doing well with your commodity futures broker, instead of changing firms call the branch manager and ask to switch brokers. He will listen to your ideas and can usually match you up with someone more suited. You may ask to speak with several different brokers before making a decision. A commodity brokerage firm will always be happy to help you find a more suited broker rather than losing your account.
A Trading Loss is an Opportunity to Reposition Yourself
10) Look at a small loss as a new opportunity to reposition yourself at a better price. This assumes you still like the trade's probabilities.
Learn To Sit On Your Hands
11) One of the most difficult things is to sit on your hands during a profitable trade. This is a critical skill to be developed. Many times we’re right-on with our analysis but we liquidate a profitable position during minor adversity. Remember that futures contract markets will always fluctuate and do everything they can to get us out of a good position. Our ego wants to be right on every trade in the short term.
To let profits run means we will have a lower win/loss ratio and the ego hates this. Faith and discipline will co
A merchant I was talking to the other day asked to me, "Aren't feeds for bigger companies with IT people on staff?" All they knew about feeds was that bigger companies , news providers etc., were using them. After I explained how that particular merchant could use a feed for her business, she were quite excited about the prospect of doing just that.The particular merchant I was talking to in fact, had no web site, and did not see the need for one. But after we discussed feeds she definatley thought that a feed service could benefit her business.Feeds can benefit any business online or not. Below are a couple of samples of how feeds can
A Trading Loss is an Opportunity to Reposition Yourself
10) Look at a small loss as a new opportunity to reposition yourself at a better price. This assumes you still like the trade's probabilities.
Are you following these forty commodity trading guidelines? Follow them all and you have a better chance of becoming a consistently profitable commodity futures and options trader. Design your trading plan around these rules. Don't underestimate their value for your success.
Switch Brokers if Not Happy
9) If you are not doing well with your commodity futures broker, instead of changing firms call the branch manager and ask to switch brokers. He will listen to your ideas and can usually match you up with someone more suited. You may ask to speak with several different brokers before making a decision. A commodity brokerage firm will always be happy to help you find a more suited broker rather than losing your account.
A Trading Loss is an Opportunity to Reposition Yourself
10) Look at a small loss as a new opportunity to reposition yourself at a better price. This assumes you still like the trade's probabilities.
Learn To Sit On Your Hands
11) One of the most difficult things is to sit on your hands during a profitable trade. This is a critical skill to be developed. Many times we’re right-on with our analysis but we liquidate a profitable position during minor adversity. Remember that futures contract markets will always fluctuate and do everything they can to get us out of a good position. Our ego wants to be right on every trade in the short term.
To let profits run means we will have a lower win/loss ratio and the ego hates this. Faith and discipline will co
I was chatting with a couple of friends, all of us are either copy writers or graphic designers…or both….in the advertising industry, so, naturally, our conversations leaned towards the topic. This one particular friend who works in an American advertising firm is now an Art Director, so, needless to say, he considers himself a notch higher than us mere freelancers and employees. After all, he is the one person who decides on the direction of a whole advertising campaign. He is also in-charge of a couple of large International brands of products. And during this conversation, he told me about this story that inspired me. He says that branding is so i
Switch Brokers if Not Happy
9) If you are not doing well with your commodity futures broker, instead of changing firms call the branch manager and ask to switch brokers. He will listen to your ideas and can usually match you up with someone more suited. You may ask to speak with several different brokers before making a decision. A commodity brokerage firm will always be happy to help you find a more suited broker rather than losing your account.
A Trading Loss is an Opportunity to Reposition Yourself
10) Look at a small loss as a new opportunity to reposition yourself at a better price. This assumes you still like the trade's probabilities.
Learn To Sit On Your Hands
11) One of the most difficult things is to sit on your hands during a profitable trade. This is a critical skill to be developed. Many times we’re right-on with our analysis but we liquidate a profitable position during minor adversity. Remember that futures contract markets will always fluctuate and do everything they can to get us out of a good position. Our ego wants to be right on every trade in the short term.
To let profits run means we will have a lower win/loss ratio and the ego hates this. Faith and discipline will co
Based on consistent results I think Buy & Hold should be renamed Buy, Hold & Bye-Bye. It sounded great for a while, especially for the huge majority of investors who don't have the time or interest in really doing due diligence on investments.Investing, for some, might be just a hobby, but it can sure be an expensive one. Yet, if you're like many of us, you know there are opportunities for putting your money to work and having it grow. Nonetheless, investing, like any business (and it is a business) has its own unique challenges. Her are what I consider to be the top three.1. Intelligently Deciding What to BuyWhen it comes to Mut
A Trading Loss is an Opportunity to Reposition Yourself
10) Look at a small loss as a new opportunity to reposition yourself at a better price. This assumes you still like the trade's probabilities.
Learn To Sit On Your Hands
11) One of the most difficult things is to sit on your hands during a profitable trade. This is a critical skill to be developed. Many times we’re right-on with our analysis but we liquidate a profitable position during minor adversity. Remember that futures contract markets will always fluctuate and do everything they can to get us out of a good position. Our ego wants to be right on every trade in the short term.
To let profits run means we will have a lower win/loss ratio and the ego hates this. Faith and discipline will co
In a highly fragmented and fiercely competitive toner supply market, a test of wills is underway. Will the small-to-mid-size suppliers resist market consolidation, or will they strategically choose to partner and push beyond their individual capabilities?If your organization chooses to resist market consolidation, then prepare for several significant challenges requiring careful consideration and planning in order to move to the next level and become a more successful player in this fast changing industry.Here Are 4 Business Challenges Your Small Business Must Overcome:1. Working capital –The lack of working capital is the leadin
To let profits run means we will have a lower win/loss ratio and the ego hates this. Faith and discipline will control the ego so that we take a longer protracted view of our commodity futures contracts and options trading. This point cannot be overstressed. Read this rule a second and third time.
The Bottom Line is Always The Bottom Line
12) The acid test for any trade is the profit or loss bottom line. It doesn’t matter how good the price action or fundamentals are. Unless the futures contract or options trade is making money after a reasonable period of time, consider getting out and wait for another opportunity. The best trades often take off immediately in our favor. Give them every chance to work and be patient, but know when time has run out and you are beating a dead horse. If you are disappointed, then probably others are too. These kinds of conditions create adverse moves against you that can be sharp and fast. Surprises and disappointments can cause panics.
Reversing Your Position is Usually a Mistake
13) Contrary to conventional commodity trading market lore, immediately reversing a position is usually a mistake if taken over a long series of trades. This practice often leads to bigger and worse trading habits that culminate in scalping. Reversing will work well occasionally, but the odds are better if you exit and calmly reevaluate the situation. If you decide to reverse and go short, wait for the next minor rally even if it is at a less favorable price. Always wait to sell a rally or buy a dip...always.
If you are very focused and an exceptional futures trader, you may even see a trade set up as a failure in the first place and then take this "reverse position" trade from the start. However, if this practice is done too often, it can lead to a worse habit; second-guessing yourself. The key is to consistently monitor yourself while being flexible. We all need course corrections once in a while. Commodity futures contract and options peak trading performance is all about flowing with the market with our techniques and psychology.
Keep a Trading Lo
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