This course is a broad overview and discussion of the salient subject areas that one will need to navigate to fully understand the commodity space.
Students will be introduced to what makes each of the commodity sectors tick from an international economic standpoint.
This course sets the record straight about what is a predictive indicator and what is a lagging indicator in the commodity markets.
This course investigates why certain traders become great and why others blow up. Be prepared to journal extensively and learn about your strengths and weaknesses.
There is plenty of room for talented traders. Step up and own your piece.
Read MoreLegendary trading coach Ari Kiev has died. Trained as a psychiatrist, he wrote several books on psychology and trading. One of them, Trading to Win, is a must read.
I am grateful for his work.
Read MoreNew article at Huffington Post based on conversation with Duff McDonald about his book Last Man Standing.
Read More“The ups and downs in the prices of industrial metals since the beginning of 2008 have reflected the fluctuating fortunes of the world economy. The copper price, which peaked in April 2008, had fallen by over two-thirds from that high by December 30th last year, when it hit bottom. The price of nickel fell by a whopping 72.3% from peak to trough. Prices have recovered as growth has returned to most rich countries. Copper is now selling for more than it did at the beginning of last year. The price of zinc has doubled from its low point last December, though it is still 2.9% cheaper than it was at the start of 2008. The nickel price has risen by nearly two-thirds in the year to November 24th.”
Read it again with the italics (which are of course mine). It occurs to me that as a trend-follower, many of the words in the English lexicon are no longer useful: in fact, their usage instills bias.
How much did you lose out on making if you bought and held any of these metals? Assume 10% margin rates. You can get a pretty good idea.
Volatility is not something to be shaken from. Use smaller positions or options, but don’t miss out on big moves up or down. You’re leaving too many opportunities transpire without earning your rightful share.
Read MoreI’ve heard of watering down the gasoline, but this is a new one.
There are two types of coffee that trade. The one you probably trade is the arabica type and it’s probably the same type you drink. These roasts are found at Peet’s and other coffee joints like Star-yucks.
The robusta makes it’s way into instant coffee, canned coffee, and the sludge you drink at a diner for example. IMHO, it doesn’t have much taste.
Read MoreShare A reader asked to interview me about 6 months ago. I didn’t see the benefit at the time, but I get enough questions that I thought I might give it a go. The interviewer is a reader of MartinKronicle and he did a great job for someone with no experience. His name is Gavin [...]
Bellafiore offers us a rare look inside a prop trading firm and its exclusive training program.
On one hand we need large urban centers to begin aggressively conserving water, while on the other hand hundreds of millions of people in India and China who are just getting running water for the first time in centuries.
The President, House, and Senate collectively could not come up with a National Energy Policy if their offices depended on it.
Share Here’s the scene. You’re in the interior of a large, and loud institutional brokerage firm. It’s utter mayhem and organized chaos, with paper flying and Institutional salespeople shouting over one another and at each other. One of the Administrative Assistants picks up a call and shouts… “Call for you Buddy. Pickup line 2…” “Bud [...]
Both the terms “stock operator” and “speculator” are outdated. There is so much more that goes on to prepare when you are a professional prop trader.
September 01 2010
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August 27 2010
You are responsible for your own decisions. No sense of entitlement. No one owes you anything. Own your own shit.
August 22 2010
Everyone needs a mentor.
August 16 2010
Treasuries are for trading, not owning. In order to combat hyperinflation, own precious metals.
August 03 2010
