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VIEWPOINTS OF A COMMODITY TRADER

Expect The Unexpected

What’s Really Going On In The Markets This Year

Tuesday, March 9th, 2010

Most of the articles and media reporting are centered around the stock market, because most investors and traders look to the stock market for returns. A few newspapers and magazines occasionally talk about commodities, but are mostly reporting on Gold, Copper and Oil.
I thought I would put out the performance of 40 different markets (compliments [...]

Bumbling Ben Bernanke

Friday, February 12th, 2010

This is an interesting short video from YouTube which covers some of Ben Bernanke’s forecast from 2005-2007, just before the crisis took us hostage.
Now, I would assume that Ben Bernanke has a research staff, and access to information, that would dwarf our capabilities, not to mention he can call anyone he wants on the phone [...]

The Last Man Standing – Survivor Or Skill

Wednesday, February 10th, 2010

 
Those that have knowledge don’t predict. Those that predict don’t have knowledge – LAO TZU 
 
What criteria did you use to choose your latest investment? A better question would be, are you sure that you even understand the criteria? 
For example, let’s say that you chose a mutual fund based on your advisors presentation of how well [...]

A Few Hands Make The Big Money

Thursday, January 21st, 2010

 
Here is an interesting video of Trader Salem Abraham and Howard Lederer, legendary poker player. They discuss the similarities in managing a good poker hand and a good trade, and how folding bad hands in both cases is the key to success. 
Howard Lederer is known as “the Poker Professor” because of his demeanor, analytical style [...]

Dance With The Girl That Brought You To The Party

Tuesday, January 19th, 2010

Anyone can get old, all you have to do is live long enough – GROUCHO MARX
 
This is a rather humorous yet profound Groucho Marx quote that I recently read. It reminded me of trading, where the quote might be “Anyone can make money, all you have to do is stay in the game long enough.” [...]

Why The Small System Trader Fails

Friday, January 8th, 2010

Wisdom is meaningless until your own experience has given it meaning and there is wisdom in the selection of wisdom – BERGEN EVANS Author and Professor
Those of you that follow this blog know that I am a big fan of a definitive trading plan. Having a plan however, does not equate to success, there are [...]

Words Of Wisdom

Wednesday, December 30th, 2009

I would like to take this opportunity to thank our subscribers and to wish you all a wonderful and prosperous 2010.
Vince Lombardi once said, “It is a reality of life that men are competitive and the most competitive games draw the most competitive men. That’s why they are there – to compete. The object is [...]

Truth Or Consequences

Monday, December 28th, 2009

Likeness to the truth is not the same thing as truth – SOCRATES 
 
A set of statistics that suggest a positive expectation (a system) is quite helpful when sailing the seas of uncertainty. In fact I believe most traders need a definitive plan to assure discipline. 
We need to look at the various measurements of risk and [...]

The Coke Bottle Messages: Entries From The Aliens

Monday, December 21st, 2009

 
Here is a 2009 article by written by Chuck LeBeau:
Back in the late 1960s, I was a young commodity broker at E. F. Hutton and Co. Our office was a brand-new high-tech office (for its time) that was considered the “flagship office” for E.F. Hutton.
In this office about 30 brokers and as many clients shared [...]

Know When To Hold’em – Know When To Fold’em

Tuesday, December 1st, 2009

This is a very interesting video from Howard Lederer, the famous poker player. He draws some very significant similarities between being a great poker player and a great trader.
Howard Lederer is known as “the Poker Professor” because of his demeanor, analytical style and long history of wins. He is known for his focused, calm demeanor [...]