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From the way you put it, it sounds like pyramiding is a necessity in function of the amount of money involved. I mean, the larger your account the more you will need pyramiding to balance risk and reward. It's probably a special task for funds which have to play the big move and have the hard...

I know it's a bit off topic and dumb, but could you give me some ideas about correct pyramiding? I mean, is pyramiding all about scaling in while keeping risk a constant from the start? Thanks. OPC

Thank you folks for your advice. I look forward to implement them before I make my next trade. Cheers! OPC

Thanks, gnome. Yet, in the above example, 10% of total capital committed to futures trading would be $50K. This amount allows for simultaneous margin in different markets. So, could I diversify the portfolio by trading, for example, three different markets simultaneously, risking 1% of the...

Do you think that 4% risk per trade would be a tall order for futures? With regard to position sizing do you know of any formula to be used with futures and any rule of thumb about position sizing? Sorry for asking so much. I confess I am quite ignorant in this respect. Have just ordered a...

Dear Fellows: I would like to know some of your experiences about money management principles, probabilities and trading. It has been said somewhere on this board that trading is: 10% entry, 40% risk and money management, and 50% trust and the ability to execute. I would like to know...

Dear brethren: Do you think that 100% discretionary trading can lead the trader to profitability in the long run or is that probably a myth? I mean, there seems to be a tenous line between gambling and trading. Usually speculation is associated about knowing in advance the market direction...

Puffy: Are still there on the floors some of those old foxes everybody is looking at to see what their next move will be? Or does nowadays competitive trading not spare anybody? OPC

Happy New Year Elite Traders!

We both know this is an unfair world. Who knows if we play our part in making this world a better place for everybody it may eventually become so, such as giving a percentage of our net income to charity?

Bull or bear market, a trader needs a trending market. About profiting from increasing food prices let me also ask you a theoretical question: if I buy the market and prices go down instead, will you bother with my losses? And if that is the case, whose hands is the money going to? OPC

Not at all. But don't forget that timing is still up to you. :)

Do you mean, you are trading indices? Paper trading and index trading are the same. The difference is that the latter puts money at stake. :)

Commodity markets have a lot of tradition tied to them. No wonder futures contracts were invented by grain traders. Also a lot of old wise men can be found in these environments. The same can be said of interest rate and currency markets. OPC

he, he, he... This paper talk is quite boring at times. But the folks are cool. :cool:

That's true. I have seen a lot of tradeable patterns on weekly and daily charts. They take time to form, but once you spot it you have a nice deal. By the way, the whole ag sector is setting up for a major bull market in the years to come. Last Friday CBOT released a report on the story. The...

Are there any commodity, grain or soybeans traders around?

Diversity of people and instruments. That's what free markets are all about!

Beginners should also be warned that when asked for tips, professionals will more often than not say the opposite of what they are doing. After all, who is going to fill their orders? :)

Moreover buying or selling has to do with the essence of trading. For every buyer has a seller, with a different opinion or strategy. Most traders are more than likely loath to share the specifics of his/her strategies. As far as tip sharing is concerned I think traders are the ones who are...