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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Wade who wrote (15354)6/16/2004 11:50:10 AM
From: Knighty Tin  Read Replies (2) of 110194
 
Wade, Two pieces of advice from a guy who's been trading commodities since 1972, c'est moi: 1. Set a loss point and be vicious about cutting losses. Any idiot can make money on commodities, but successful traders are the ones who don't get murdered by the losers. 2. Start small relative to your assets. If you have $50,000 in your total portfolio, start with a contract where the most you risk is $5000 if it goes to zero. Once you've made money, lost money and broken even, then you can think about upping the ante. Good Luck.
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