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Is this similar to you have to hit rock bottom in certain areas where you realize the change is critical for survival. In my own trading as a volatility seller it took me two near blow outs to realize if I just honor my own exit rules it would be a lot easier. I now find that my partner and...

the coffee, oj, and grains are all due for a seasonal run up. Any thoughts on whether the overall sell off has puked out the funds? Tomorrow's crop report should be interesting.

I second your thoughts. I did however finish a book lately called "Sway" the power of irrational thinking. The book mentions that the same center of the brain that lights up with cocaine use lights up when one makes money. I wonder what the tie in is then with trading. Is trading itself...

The social and legal issues of decriminalization are certainly interesting topics. What is it about reality that is so terrible that people need to escape it through drug use? Getting high all the time doesn't address the issue of what is so terribly wrong to begin with? In my experience...

I think the vast majority of current consistently profitable traders have paid for their education in the terms of initial losses. My first go around saw a 15k blow out in four months. The advice on defining a strict system that focuses on money management is huge. Having proper...

Thanks trader TX. They had a good time. We are refining the process and limiting the account size for the various locals and retail customers will help refine the process. I don't want the kids thinking they could actually scalp 8,000 lots that failed to move the market adequately. Live...

Anyone think we'll see a seasonal rally begin any time soon in the grains or will the rising dollar and economic woes keep prices low?

Thanks for the input. I'll take a look at the program. Do you know if they allow high school students to participate?

I'd like to know as well. We are always looking for opportunities to provide our students with great learning experiences.

This is the premise of the exercise and to be fair when the students do come back they always remember this experience. It is framed with in the context of an entire class and is only part of what they learn. The days leading up to the pit section deal with hedging, suplly / demand, and...

It's interesting to note that dodgeball has been banned in many states because of the risk of injury and the damage done to self esteem by being singled out. So much for teaching competition. Maybe i'll bring the dodge balls into the pit and then we would have a valid educational...

We will be doing this project three other times this semester with the other econ classes so I will give you an email the next time things roll around. All the best

I think it is about time to sell some OTM puts in FCOJ with the exchange opening up lower strikes today. Time for the seasonal go.

unlimited on ustream but i don't think there is a mechanism to make it private where people need to pay first. ustream is free ware.

If your making about $650 to 3k a day why would you bother with wanting people to pay. Just buy a webcam and broadcast yourself on ustream for free. If your that good people will want to pay after they see it not before.

I make my trading income by shorting volatility as well. With the risk of the government changing the rules a true threat is it better or wiser to stick to ag and soft markets as opposed to index futures which are apt to be the target of government interruption? Any thoughts or would all...

My father was a grain trader who would bring home charts for me off the old DTN machines. I'd love to sit in his office and watch the yellow numbers tick. After that I worked on the floor for brokers and locals and then left to go into education. I started trading again a couple of years...

trading options on the NY softs. No stops allowed on ICE. In the grains i was short wheat calls when the big rally came in minneapolis wheat. eventurally the calls i shorted were worthless had i had the guts to add more money for the margin call. oh well

The blowout helped me realize the importance of money management rules and systems. Risk management is critical to good trading.

i would day it took my one blow out and then another year of refining my system and reading my rules every morning.