Nov 192012
 

My friend Bill (name changed to protect the innocent) is  a great trader. He has even been named the money manager of the year in various years and by various rating services.  I have never seen him have a draw down of more than about 5%.   I have watched him over the years make […continue here]

Nov 082012
 

In recent articles I have written about statistical variance in various forms as it pertains to trading in a statistical footprint or in other situations.  Just the sound of the phrase alone is enough to scare you off in another direction, but the use of this concept is so critical to successful trading I thought […continue here]

Oct 242012
 

When I first began as a trader many moons ago, I would spend endless hours scanning through charts, deciding I would have bought here and sold there. Convincing myself I knew something.  I would do this with all the indicators I read about in books and magazines.  After what was probably close to 10,000 hours […continue here]

May 112012
 

One of the very worst things that can happen when you begin to trade a new trading system or method is to start losing right out of the gate.  Just about anyone experienced with trading will tell you this occurs to them, “every time” (let me hear a big Amen).  This tendency of human behavior […continue here]

Commodity Futures Trading and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.