Recent content by BMA895

you're welcome maxima120. curiosity with respect to trading opportunities is a good thing. to your point about half the world eating rice but where is it traded says a lot about just how opaque the worlds food supply is. the distribution, storage and processing of the world's grain supply is...

deaddog sounds like you are doing everything possible to remove emotion from your trading. there's a reason black box algos are so ruthlessly effective.

I try not to think of the money. I measure my performance by whether I followed my plan. Each trade has an outcome. Some good some not so good. I attempt to make only good trades regardless of the outcome. deaddog this is the smart and the proper way to evaluate one's trading. removing money...

what I am trying to say is don't think of it as a bad outcome. as soon as a trader starts thinking "bad outcome" the negative connotations of that statement carry baggage and make unemotionally pitching a trade that much more difficult. the way I looked at it is if I rationally took a manageable...

there was a saying on the floor "you're either the first rat off the ship or the last." there is no middle ground. being the first rat off is a lot harder than it sounds.

almost always a market will give a brief opportunity to take a loss before everyone else realizes what's happening and things get ugly. are you capable of taking that opportunity without hesitation? that is the difference between the greats and the wannabes.

it's not about learning some sort of life lesson it's about survival and developing the proper mentality to become a successful trader. any idiot can cash in a winning trade but it takes a real trader to own a loser and move on before getting crippled.

the mistake 99% of traders make is thinking about money at all. money and P&L is an incredibly emotional subject. the objective in trading is to remain unemotional as only then can one make rational decisions. I spent many years in both the chicago pits and on the screen and there was a single...

as longtime CBOT member I filled out my first form 40 almost 20 years ago though I was trading exchange limits. the government just wants to know that the trader is not a) using other investment vehicles such as managed money in combination with a personal futures account to skirt position...

I spent many years on the floor of the Board trading ags. Rice was a legacy CBOT contract that is now technically a CME product due to CME's acquisition of the CBOT. Rice is a contract that no one should ever want to trade though like all low OI markets (think cheese, milk. lumber etc) there...