COMMON SENSE RULES FOR TRADERS

There is no single secret to success. Technical analysis cannot replace the fundamentals nor can fundamental analysis supplant technical analysis; and timing is everything unless you have “deep pockets.” But equally important is a grasp of market psychology and money management. If 90% of traders are losing money, and those traders have common beliefs with respect to the mechanics and approaches to trading, then to adopt those common beliefs for yourself is to make the conscious decision to be a loser. Among the topics I will cover are:

• The Axioms of the Marketplace
• Market Psychology
• Why Sound Money Management is the Key to Successful Trading
• Ten Questions to Ask a Broker Before Opening an Account
   

Biography: I got my start in commodities in 1966, after graduating from Drake University, when I joined my family-owned meatpacking business. I became a listed futures broker in 1973 and a member of the Mid-America Commodity Exchange in 1975. After trading for clients and myself on the floor for some time, I decided to focus solely on my clients. My clients benefit from the knowledge I have gained from the many successes and failures I have experienced and witnessed first-hand, plus the multitude of tips, tricks, methodologies and strategies that I have developed throughout the past thirty years.