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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Patrick Slevin who wrote (12695)1/14/1999 10:39:00 AM
From: Tom Trader  Read Replies (2) of 44573
 
>>The Lumber market, from what I understand, is very manipulated. Hence my opinion that one is either wealthy because they are in the know, or they are nuts. I'd rather try to make a living buying Lotto tix. <<

Over the years, I have traded just about every futures market -- I think that I once took a position in flaxseed or some similar seed!! Part of this was my evolution as a futures trader. I think the position in lumber was geared around the Traders Almanac or some similar publication which had seasonal trades that invariably worked out -- well in the case of lumber it did not -- but that may have been because I took a position in that market.

Today, I look for three things -- liquidity, having a system that will trade it successfully and a decent amount of price movement. If it satisfies those criteria, I'll pretty much trade anything. As a position trader, what works best for me is a trending market.

The only markets that I trade consistently are the bonds, spoo and the yen. I actually understand these markets -- which is more than I can say about a lot of other markets. Positions that I take in some of the more esoteric markets -- are not unlike when I trade the internuts -- where I have not much idea what the heck they do -- but because there is somewhat predictable price movement, I feel able to trade them.
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