
These pages are a reflection
of my trading experience in the futures markets. Successful traders
discover the techniques and strategies that fit their personalities
and their financial goals. The interesting thing is that two successful
traders can use techniques that seem to contradict each other. This is
because it is the combination of technical/fundamental analysis,
money management, trade time frame, and trader psychology that create
successful outcomes. For example, while one person may be concerned with short
term fluctuations, another may only trade the long term trends.
One may require only a small percentage of successful trades
to be profitable because of their money management techniques while
the other may need to win a high percentage of the time because
of theirs. In these cases, the trading techniques
might be very different and even seem contradictory, yet each could
be profitable when used with the appropriate time frames and money
management techniques.
These pages describe the combination of these trading elements that
has evolved for me. I use technical analysis as my primary analysis
method. I have developed some skill in its use through study and
experience. There are countless methods that I have not tried, but
I have come to rely on a handful of technical tools and technical
techniques which I describe in the page
Approaching the Commodity Markets.
One of my money management techniques is concerned with limiting
my risk when I first put on a trade. I always set protective
stop orders when I place a trade to limit my potential loss.
Setting stops seems straightforward at first glance, but in the
page Using Protective Stops, I
describe a few of the pitfalls that I've encountered that can
make a large difference in overall return.
I've recently discovered a phenomona I call
Riding the Tiger that
works in harmony with my entry techniques and protective stop strategy.
I use it once I've entered what appears to be a long-term uptrend to
take advantage of sudden moves against the trend that happen in most
every good uptrend.
In future pages I will explore the other trading aspects I mentioned
above; trading psychology, time frames, and more on money management.
Since my trading techniques are always involving, I will also continue
to update the current pages.