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Certainly having adequate capital is very important. I've seen many individuals attempt to succeed with less than adequate capital. And I can tell you, there is a strong correlation between failing (particularly being wiped out) and being undercapitalized. But, money management is...

Its also interesting to note that all the advances in technology, access to indicators and price data, and sophisticated software programs hasn't really had much impact on the percent successful. I think it might even be a bit worse! In the end, the latest and greatest in technology can be a...

Eventually he may be proven right yet again, but in between his being right, there will be opportunities to make money with the market rather than against it. I have been a longer-term gold bull myself, but the latest COT data does not bode well for gold prices going forward. A big...

I hope not.

Over the years, grudgingly I have found trading to be more art than science. I often wish it were all science, then all we would need is the magical golden key. But it doesn’t work that way. Even more important than art however is the psychological aspect. This has to do with emotional fear...

Interesting topic. On balance I have found that women do indeed make better traders. Women seem to be more realistic and they also seem to be more protective of both profits and principle. They also seem to be able to follow the rules better overall. In addition, they seem to have superior...

Its possible. I'd recommend having at least 6 months of living expenses in reserve so that you can focus entirely on trading the opportunities (when they exist) versus being under pressure to trade to pay your bills. This can come later... In addition, I would not trade 10-lot positions just...

Perhaps for most it is not useful, but I find this kind of information particularly useful myself. Obtaining the read on a flurry, after an event, is very useful and insightful in preparation for the next big event. Remember market events tend to be tied together. One event leads to another...

The thing with all the FREE boards is that they are FREE! You get what you pay for basically. If you belong to a premium service, see if they provide a private discussion board. Private Boards tend to be more professional because for one, there are no anonymous posters! Secondly, there is...

Actually I've wrote an entire book on using the COT as part of an overall trading strategy. In fact, the COT is becoming more and more important useful as the pension funds scramble into commodities (entering long only non-traditional commercial positions). This has already caused some...