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Trader's Tip
Richard Dennis (of Turtles fame) once said that he could place a full page ad with all of his trading rules in the Wall St. Journal or the New York Times and still 80% of people would lose money.
- Chris Morse |
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Special Message from Our Author
Today's Featured Article
While the commodities markets can be intriguing an alluring, one must trade in a disciplined approach and be open to following multiple markets to get to the next big trend. Since the markets only trend about 30% of the time, it is extremely important to follow a diversified portfolio. Following a diversified portfolio could mean following markets you may not be completely familiar with. It requires significant discipline to follow multiple market sectors simultaneously. To get to the big moves a trader must be open to whatever market is making the big moves at a given time. I personally think it is important to monitor; grains, fuels, metals,
interest rates, currencies, meats and softs. There can be big moves any of these market sectors at any given time.
To be disciplined in trading is the pinnacle of a prerequisite for success. Richard Dennis (of Turtles fame) once said that he could place a full-page ad with all of his trading rules in the Wall St. Journal or the New York Times and still 80% of people would lose money.
Even when you have a very robust trading system, whether you developed it or even if you follow one of the systems I developed such as
Trade Think there are still many pitfalls for potential failure. Presuming you have trading rules intact and you markets in place, even with precise entry and exit signals on a well-diversified portfolio, there is still a chance for failure.
Most traders can suffer from a string of potential failures in trading. You must follow your system signals religiously, no cherry picking trades. If the trade is making a lot of money and you are concerned about your stop being too loose to give you all those paper profits, as such you pull the trade early then you will lose more times than not.
Many traders will follow a system and see at one time or another a series of losing trades. Unfortunately for the trader, most big winners come after a string of losing trades.
With trend trading the adage is to let your winners ride and cut your losses short. The trading adage goes against most human emotions. Big mistakes in trading will happen when a trader wants a losing trade to come back and break even, unfortunately these trades will typically keep going against the trader. Also, when a trader has big profit on a trade, they will want to take profits off the table too soon.
Please look below at current trades from my personally developed
Trade Think trading system "Think Pro". Notice that we are extremely well diversified and the trading signals are right there for you every time.
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A Word from a Fast Break Sponsor
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Receive Pro Trading Course's most successful trading tools live from the floor of the CME. Professional Trader Richard Regan has created hundreds of successful traders and for the first time ever, YOU can access his insight COMPLIMENTARY. Sign up today! |
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Currently TradeThink Pro is shown to be long (bought) the Copper futures contract. TradeThink Pro signaled to go long (buy) Copper on 7/15/2009 at 2.384. Please see the chart below:
 If you cannot view the Copper chart,
go here.
As you can see TradeThink Pro went long (bought) Copper and is currently long with an open profit of $10,037.50 per contract.
Currently TradeThink Pro is also shown to be long (bought) the DAX Index futures contract. TradeThink Pro signaled to go long (buy) the DAX on 7/15/2009 at 4931.5. Please see the chart below:
 If you cannot view the DAX chart,
go here.
As you can see TradeThink Pro went long (bought) and is currently long with an open profit of $7,000 per contract.
Go here to receive complimentary trade signals for the DAX.
Currently TradeThink Pro is shown to be long (bought) the Sugar futures contract. TradeThink Pro signaled to go long (buy) Sugar on 7/23/2009 at 18.09. Please see the chart below:
 If you cannot view the Sugar chart,
go here.
TradeThink Pro went long (bought) Sugar and is currently long with an open profit of $4,188.80 per contract.
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A Word from a Fast Break Sponsor
Advertise With Us
COMPLIMENTARY Booklet: Smart Trading Techniques
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Currently TradeThink Pro is shown to be long (bought) the Eurodollars futures contract. TradeThink Pro signaled to go long (buy) Eurodollars on 6/25/2009 at 98.89. Please see the chart below:
 If you cannot view the Eurodollars chart,
go here.
TradeThink Pro went long (bought) Eurodollars and is currently long with an open profit of $600 per contract.
Go here to get complimentary trade signals of markets like Eurodollars.
Currently TradeThink Pro is shown to be short (sold) the Lean Hogs futures contract. TradeThink Pro signaled to go short (sell) Lean Hogs on 7/27/2009 at 54.5. Please see the chart below:
 If you cannot view the Lean Hogs chart,
go here.
TradeThink Pro went short (sold) Lean Hogs and is currently short with an open profit of $3,920 per contract.
Currently Trade Think is showing to be short (sold) the Natural Gas futures contract. Trade Think signaled to go short Natural Gas on 8/13/2009 at 3.859. Please see the chart below:
 If you cannot view the Natural Gas chart,
go here.
TradeThink went short Natural Gas and is currently short with an open profit of $3,040 per contract.
Currently TradeThink is showing to be short (sold) the Spring Wheat futures contract. TradeThink signaled to go short Wheat on 8/6/2009 at 602. Please see the chart below:
 If you cannot view the Spring Wheat chart,
go here.
TradeThink went short Spring Wheat and is currently short with an open profit of $2,400 per contract.
From the charts above it certainly appears like more trends are starting to move again. Trade Think follows a very diversified portfolio of markets simultaneously in order to participate in the big moves. The metals, indices, softs, interest rates, meats, fuels and grains are moving nicely to the long and short side.
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About the Author
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Chris Morse is the Developer of the Trade Think trading system. He has been involved in the development of trading strategies for nearly ten years. Mr. Morse developed a very robust system, which is now in private use at one of the largest FCM's and has earned sizable returns for the last 3 years. Mr. Morse now focuses his time exclusively on developing and managing his systems. Chris works directly with all Trade Think clients.
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Special Message from Our Author
Complimentary Evaluation of Trade Think Trade Signals!
Trade Thinks' proprietary trading algorithm generates precise entry, exit, money management and trailing stop signals for nearly every major commodities market move with uncanny precision for you. Our Trading signals show traders when and where to enter and exit each trade. The signals are 100% automated and easy to view. Get a Complimentary Evaluation.
Disclosure: Commodity trading has large potential rewards, but also large potential risks. You must be aware of the risks and be willing to accept them in order to invest in the futures markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to buy/sell commodity interests.
Notice: Returns are hypothetical. Hypothetical or simulated performance returns have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since trades have not actually been executed, the results may have under or over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight, no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. |
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