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Trading Lessons

Mistakes in Commodity Trading

InvestorEducation / Learn to Trade Nov 25, 2009 - 03:35 AM GMT

By: Andrew_Abraham

InvestorEducation

Really…how do I count the ways… ( I believe I have seen them all…as well as all of them that I made in my career)? However I believe the greatest mistake in life is to give up… Possibly the greatest mistake in commodity trading is to give up. In all reality…Commodity trading is the hardest ..yet easiest thing to do. I have seen countless commodity traders give up during a draw down. I have heard the markets changed…the system does not work any more…or simply…I am tired of losing money.


Now after having all too many years under my belt…this kind of talk encourages me…as I know that eventually I or one of my managers will have a double digit month. All of those that quit will not see this nice profit… nor continue to compound their way to wealth. The problem is all too many people think they will get instantly rich trading commodities or forex. The truth can not be further… The majority of the time..nothing.. I mean…nothing happens… Or a trend starts…and then guess what..stops…

All too many commodity traders get aggravated and then give up.. Maybe they should never have been commodity trading in the first place. However human nature seems to respond to this type of pressure. I have seen traders that try too hard…and in turn generate even worse results. One of the commodity trading advisors I have allocated to surfs many a day..as well as does yoga. My wife thought I was crazy to invest with a guy like this, however he has the right idea… What really is trend following… we are surfing looking for a rare good wave to ride. This commodity trading advisor has been around for a long time. He has excellent results. He does his trading at his leasure and then really enjoys life. Isn’t what it is all about? Doing what you love and making money from it.

If you have the correct mindset & a well thought out trading plan…including.. …Courage..( just added that one) ..Discipline and Patience… let time work in your favor and look to compound your way to wealth.

Andrew Abraham
www.myinvestorsplace.com

Andrew Abraham has been in the financial arena since 1990. He is a commodity trading advisor and co manager of a Commodity Pool. Since 1993 Andrew has been a proponent of quantitative mechanical trading programs. Andrew's major concern is not only total return on investment but rather the amount of risk that one would have to tolerate in order to achieve returns He focuses on developing quant models that encompass strict risk adherence and correlation. He has been a speaker at conferences as well as an author of numerous articles. Andrew has spent years researching ideas that have the potential to outperform indices as well as maintain fewer draw downs.

Visit Angus Jackson Partners (http://www.angusjacksonpartners.com) Contact: A.Abraham@AngusJackson.com (mailto:A.Abraham@AngusJackson.com)

© 2009 Copyright Andrew Abraham - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


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