Isn’t this the quintessential question? Believe me, I have spent most of my career asking myself this question and attempting to answer it. While on this journey, I have realized there are 5 basic elements to a great trading program. In my opinion, a great trading program should: Be based on probability and rules Be… Read More.
If there is one thing that I have learned after speaking to a number of people regarding their goals for trading in the commodity futures markets, it is that there is no specific service that is right for everybody. Depending on a trader or investor’s time, commitment and risk capital, there can be one service… Read More.
The first Managed Futures Fund may have actually been established around 1948, but the investment vehicle really became en vogue as Richard Dennis and his infamous “Turtles” gained in popularity. Richard Dennis, although working his way up from a runner, really began his reputation as large trader in the 70’s. The 70’s had crop failures… Read More.
Part Three: Caveat Ideally, a trade room should flow like King Arthurs “round table”. Everyone should have an equal say, while having a king (moderator) ultimately set the tone. Role of Moderator All rooms will have some type of moderator in place that controls the forum. Whether they are the actual owner of the trade… Read More.
In an MF Global and PFG Best world, farmers and ranchers need protection. In an MF Global and PFG world, farmers and ranchers need protection. The CME Group has established a $100 million Family Farmer and Rancher Protection Fund to provide each individual participant up to $25,000 in case of losses resulting from the future… Read More.
Part Two: The Trade Rooms Getting the right tools in the hands of the right people yields the most desirable results. The same could be said about types of traders and their respective rooms. Just as there are different traders with different goals, there are also different trade rooms. Novice Trade Rooms If you are… Read More.
Part One: Exploring Trade Rooms Exploring Trade Rooms and How They May Benefit Your Trading Has your trading experience left you feeling alone and at the mercy of the markets? Ever considered the benefits of bouncing ideas off of other traders in the same boat, or perhaps even giving your input to help a fellow… Read More.
It has been a lost decade for most investors. In an interview with the Wall Street Journal, author and investor Jim Rogers said, “The Fed has waged war against the Savers and Investors to save the Spenders and Reckless.” Stock Indexes are well below the highs witnessed ten years ago. Real Estate markets remain depressed… Read More.
When speaking with prospective clients, the first question they usually ask is “what’s the cost?” Rather than asking what services or resources I can provide, they are simply concerned about the price. The trouble with this perspective is that the “shopper” wants to know the price of the product or service before realizing what the… Read More.
As a broker at Daniels Trading, I speak to different traders on a daily basis. The major factor that allows our firm to service different types of traders is flexibility. When determining what type of service or account type is the right fit, traders are often grouped into two main categories: broker-assisted or self-directed. A… Read More.