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.
I have two versions of Reminiscences of a Stock Operator (Illustrated)
For all the book’s wisdom, I’ve begun to wonder if Jesse Livermore is more Madoff or Joseph P. Kennedy, Sr. than a hero to the trading community. All of the aforementioned are known market manipulators and as men, were less than scrupulous. Kennedy took a stroke and eventually died of natural causes, Livermore killed himself, and Madoff should.
I rather recommend you follow in the footsteps of an unknown trader who remained emotionally stable, produced consistent annual returns, and acted within the best ethical practices of the day. You have the letter of the law and the spirit of the law, and there’s a big difference spiritually between the two.
What are your thoughts? Do you forgive Livermore all his demons and poor choices? Do you really want to trade like Jesse Livermore? Email me in confidence if you want and we’ll get a discussion going on this.
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Helmut Weymar (Hell-MOOT WHY-mar) had the great fortune of having two legendary economists help him during his years at MIT. One was Paul Cootner, the second was the late Nobel laureate Paul Samuelson. You’ll recognize several of the other speakers.
Weymar, the founder of Commodities Corporation, was asked to speak at a memorial service for his mentor at MIT. There are no “bylines” in the video as the speakers were announced at the very beginning of the ceremony. You can fast-forward to Weymar’s comments, which begin at the 73:50 mark. He’s in the green bow tie.
Among his remarks about Samuelson is his original objection to Frank Vannerson’s TCS for trading commodities with CC cash.
Everyone needs a mentor. Many of the best traders in the world have mentioned that their careers were influence by someone early on.
Paul Tudor Jones
Ed Seykota
Bruce Kovner
Helmut Weymar
Victor Sperandeo
Weymar is featured prominently in Sebastian Mallaby’s great new book More Money Than God in the chapter, Paul Samuelson’s Secret.
Read MoreHere is the Peter Bernholz hyperinflation study that Victor was referring to during the CNBC clip.
Share 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
