Having a strategy for when
and how to take profits on futures
trades is one of the more important aspects of the business of trading. New commodity traders are often conflicted
with the emotions of fear and greed.
Fear will often cause traders to take profits too early and greed often
causes traders to stay in a trade too long and give...
One of the single best things you can do to further your
education in trading commodities is to keep thorough records of your
trades. Maintaining good records
requires discipline, just like good trading.
Why Keep Trading Records?
Most professional traders, and those who consistently make
money from trading commodities, keep diligent records of...
Crude oil has been through a whole lot of drama in the last
two weeks only to get back to where prices previously stood. The Saudi Arabia
bombings caused a huge price shock to the markets. Events like this will
typically either have long-term price ramifications for oil or they become
another overreaction in the markets that quickly bring prices back...
The practice of selling rallies in bear markets may be old,
but it never gets tiring. I am sticking with that strategy until there is a
measurable change in the outlook for natural gas.
The EIA inventory numbers were released this morning and
showed a build of 98 billion cubic feet for the week ending October...
One of the biggest mistakes new commodity traders make is
having unrealistic expectations before they place their first trade. The
commodity markets are highly leveraged investments, which increase profits for
disciplined traders and rapidly drain the accounts of reckless traders.
Commodities can have leverage near 20 to 1, which means a
trader will only have to put...
