Monday, January 30, 2006

Update on Crude, Gold & Silver

What can I say?

For many of us who entered Sugar recently, we were caught on the wrong side. It doesn't happen very much and it normally teaches us a few things.

Success in trading is much about psychology and sticking to a set of rules. The very worse time to leave the markets is immediately after a significant loss or drawdown.

The greatest gains are normally made following a large loss.

It takes great focus to stay trading after such a loss - but that's the difference between those who are serious and successful.

Once again Gold, Crude and Silver are nearing positions that are worth a closer look.

Consider your allocation for these markets, as they have proven to be quite relentless of late.

Look to take less contracts than before - be conservative.


Monday, January 09, 2006

Beware Gold

Once again we find ourselves reviewing the exact strategy for exiting a losing position.

Gold is jumping around at it's highest level since the 1980's.

Be very clear on what your trigger price is to roll or exit your positions.

This maybe a time to cut you losses and simply exit.

Rolling your position only keeps you trading in a market that is behaving abnormally.


Tuesday, January 03, 2006

Happy New Year

I hope you got a chance to take a break from whatever you do and reflect on how good 2006 will really be.

Already Gold and Crude have started gaining. Watch these markets closely, as I feel that we'll be seeing some opportunities soon and repeatedly over the year.

The US dollar weakened significantly, sending many indicators high yesterday.

I don't know what this means, but I'll be watching the numbers over the next few days.