What Helps a Commodity Trading Advisor to Succeed?
One of the keys of success for a commodity trading advisor is a trusted relationship with his commodity broker. The commodity trading advisor needs a commodity broker that will work orders for him. Not simply just buy the highs or lows visa vee an automated mechanical system. Monroe Trout one of the commodity trading advisors written about in Market Wizards book that stated a great deal of his success was based on minimizing slippage and getting superior fills. As I am a commodity trading advisor... I will give you a first hand example. Yesterday I had an order to buy Cotton...Cotton took off and even before we updated our data last night from CSI. Cotton was above my buy stop....We agreed to work the buy..We were filled later on...and as usual in commodity trading... The buy stop was hit and then closed down. Some beginners would be sick to their stomachs... but this is a daily reality...(If you want to succeed in commodity trading expect this kind of thing). I go with the assumption that the trade will not work. No one promised it has too..but I am surprised when the trades really work.. Some times I say to partners.. Can you believe that x commodity did that... ( then I catch myself). I am lucky to have my partner who I have known for more than 15 years who executes my trades. If you want to succeed in commodity trading... you must have a commodity broker you trust and works hard for your success. <img src="http://myinvestorsplace.com/wp-content/uploads/2009/11/cotton.jpg" alt="cotton" title="cotton" width="1440" height="772" class="aligncenter size-full wp-image-947" />
Andrew Abraham
A.Abraham@AngusJackson.com
www.AJpartnersinc.com
www.myinvestorsplace.com
Futures trading involves risk. People can and do lose money
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The fully automated service sends an email confirmation in receipt of the amount and then processes the order. Among the reputed agencies to order foreign currency from is Pawnbroker.
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2010 is fast approaching. I have had conversations with colleagues..and the issue that was brought up so many times was 2007-2009 just a fluke or the beginning of something more serious. As usual... I told them to their discern I do not know the future. However in all reality... if we ran our personal households how the central banks and banks ran their portfolios we would be living on the street and I feel there will be a price to pay.
Will the last 2 months of 2009 make the year for trend following commodity trading advisors or will it be one of those lack luster years? It reminds of a football game and we are in the last quarter with only a few minutes left. The truth though is that trend following commodity trading advisors might not score...and have a good year.
There are those in the camp that successful commodity trading can be achieved from research. Honestly I am in the camp of being a trend follower…having no opinions..and simply reacting to price with a strong focus on risk.
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