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THAT+ i dont bar-b-que on super windy days. And that kind of smoked meat keeps well for a while in freezer/good reminder.
Diary of a Professional Commodity Trader
- Thread starter The_Krakenite
- Start date
THAT+ i dont bar-b-que on super windy days. And that kind of smoked meat keeps well for a while in freezer/good reminder.
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THAT+ i dont bar-b-que on super windy days. And that kind of smoked meat keeps well for a while in freezer/good reminder.
I am a fan of the book. There are many useless books on trading, but this one is not one of them, plus this guy has verified track record.
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THAT+ i dont bar-b-que on super windy days. And that kind of smoked meat keeps well for a while in freezer/good reminder.
Well on super windy days, you are not supposed to do anything except staying home or staying in the basement when it gets REALLY REALLY super windy. LOL
Read a few chapters into it now. I am a little weary when he talks about being out of the markets for quite some time due to burn-out. That doesn't quite set right with me, after all, who would get burn-out if they are making money?!
Then again, even Peter Lynch wanted to leave the investment fund business for a while due to burn-out as well, so maybe that's fair-game.
At least the author is honest about his business start. Mentions he must have been on crack and quite an idiot to have started his TRADING COMPANY with only 10K starting capital. But then admits how he (foolishly?) bet the whole barn in a highly over-leveraged all-or-nothing trade on the Swiss Franc in 1982, managed to time the market near the bottom and got out near the top, which basically gave him enough capital to begin trading for his company in a serious manner thereafter.
Yikes!
Then again, even Peter Lynch wanted to leave the investment fund business for a while due to burn-out as well, so maybe that's fair-game.
At least the author is honest about his business start. Mentions he must have been on crack and quite an idiot to have started his TRADING COMPANY with only 10K starting capital. But then admits how he (foolishly?) bet the whole barn in a highly over-leveraged all-or-nothing trade on the Swiss Franc in 1982, managed to time the market near the bottom and got out near the top, which basically gave him enough capital to begin trading for his company in a serious manner thereafter.
Yikes!
This was one of the first books I bought before I became a full-time trader. And, it was the reason why I started out trading based purely on classical chart patterns. I've since moved on and are now using trading systems based on some indicators. But, of course, Peter (and other classical chartists) still uses this chart-pattern method, successfully. So, no disrespect from me.
Peter Brandt has a very impressive long term track record of actual trading. He is a true professional.
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Especially if its a non gas grill or non propane + my grill is old school;
use WSJ pages without charts to help start hickory,hickory smoke grill..........................................................As far as betting a barn;depends on how many barns one has. Trading is not gambling, no matter how many time WJS blows that kind of smoke/LOL
Look up Fred Smith founder of Fedex and how he made payroll and other expenses, early in the beginning years, after a $5000 Vegas blackjack gamble paid off.
I read Peter Brandt's book "Trading Commodity Futures with Classical Chart Patterns", was published in 1990, but I read it in 1993 and took his report "Factor Trading" for few years, he would always answer questions I had back then dealing with Commodity future charting.
I still use charting in most of my models, but have learned to keep an open mine.
I still use charting in most of my models, but have learned to keep an open mine.