Trading Commodities Jobs

A Brand New Day in Trading

How can you tell the difference between the most successful traders and those who struggle to get by? It’s their attitude and their willingness to accept losses. As one of the most challenging businesses, trading requires a healthy balance between confidence and risk-taking. Setbacks and losses will occur, but to be a flourishing trader you won’t let these stumbling blocks bring you down. It’s not easy, but if you want to thrive, forget about today and face tomorrow fresh and new – it’s a brand new trading day!

The winning trader knows how to take losses in stride. Jesse Livermore, a notable early 20th century stock trader, was best known for making and losing several multi-million dollar fortunes during the stock market crashes in 1907 and 1929. Reminiscences of a Stock Operator, by Edwin Lefevre, reflects many of Livermore’s lessons, exemplified in this quote: “”Losing money is the least of my troubles. A loss never bothers me after I take it. I forget it over night.”

Livermore left traders a working philosophy for Trading Securities that emphasizes increasing the size of one’s position as it goes in the right direction and cutting losses quickly. Ironically, Livermore said that the main reason for his losses was his lack of adherence to his own rules. You may be thinking, “Easier said than done.” and while it is important to learn from your mistakes, you should learn how to be objective and unemotional in your dealings. But there are many traders who hold on to losing trades as emotional baggage. Their losing trades become evidence of their personal failures and inadequacy. They lose confidence and, in the process, allow their net worth to define their self worth. It can become a self-fulfilling prophecy; and whether you think you will fail or succeed – you are right.

Let’s face it – trading losses are the nature of the beast. No one is perfect; there will be times that you experience loss. The sooner you accept that fact, the better. Your job is to avoid giving into pessimism. Instead, you must continually pick yourself up after being thrown down and courageously face market challenges with a fighting spirit.

Of course, optimism and objectivity alone won’t guarantee your success. You must be realistic in your trades, and understand what you will consider ‘acceptable risk’. To stay on top, you’ll need creative thinking and be open to creating your own rules – as Livermore did – and then follow them! Maybe you’ll make more trades or expect less per trade. Or move into new sectors, trading commodities or bonds. No one said it would be easy; but with effort, practice, and an objective attitude, you’ll find yourself adapting your trading style to new circumstances, instead of beating yourself up over yesterday’s losses.

So, next time you hear a colleague complain about their losses, don’t let it shake your resolve. Whatever the issue is, don’t make it your problem. Just go your own merry way and keep searching for a new set, of tools that will make you profitable. They are out there. All you have to do is persistently search until you find them.

Remember – attitudes are contagious. Is yours worth catching?

In the meantime, Good Luck on your journey to success…

OR if you would like to immensely improve your trading and investing results, check out www.secrets2trading.com

AND for a Limited Time, you will also receive a FREE copy of a limited number of the amazing book “Trading In The Zone” which is jam-packed with daily trading ideas and psychological preparations that you can use immediately to instantly improve your trading and investing performance. That’s my GIFT to You as a way of saying thank you for reading my articles.

About the Author

Terry Leslie is a successful private fund manager based primarily in Europe. He is a much sought after asset allocation consultant with the major European investment banks and is regularly contracted to assess the effectiveness of their equity and derivatives trading strategies and risk management parameters. He also has a passion of sharing his knowledge in relation to both investments and trading.

Up on Futures $1.99 …

Option Trading in Your Spare Time: A Guide to Financial Independence for Women $12.69 This book, geared specifically toward women, describes how to be a successful option trader, even if you hold down a full-time job or are a full-time stay-at-home mom.While option trading is definitely not a risk-free method of investment, for women who have a few hundred extra dollars that they want to use to break into investing, option trading can be a lucrative way to make money.This book expl…

Rocket Science for Traders: Digital Signal Processing Applications $55.75 Predict the future more accurately in today’s difficult trading timesThe Holy Grail of trading is knowing what the markets will do next. Technical analysis is the art of predicting the market based on tested systems. Some systems work well when markets are “trending,” and some work well when they are “cycling,” going neither up nor down, but sideways. In Trading with Signal Analysis, noted technic…

Invest Like a Shark: How a Deaf Guy with No Job and Limited Capital Made a Fortune Investing in the Stock Market $10.35 Profit from Your Unique Advantages as a Small Investor–Speed and Flexibility! “The book you are holding is, hands-down, one of the most original and insightful books I have ever read when it comes to teaching you, the individual investor, not only why you have the ability to beat the Whales of Wall Street, but also how you can do it.” –from the foreword by James J. Cramer, CNBC&…

How Commodities Trading Works (Hardcover) $28.71 Describes the history of commodities trading, how it affects the global economy, the balance of commodity supply and demand, and the future of this form of trading due to growing globalization.

Hot Commodities $10.74 The next bull market is here. It’s not in stocks. It’s not in bonds. It’s in commodities –and some smart investors will be riding that bull to record returns in the next decade.Before Jim Rogers hit the road to write his bestselling books Investment Biker and Adventure Capitalist, he was one of the world’s most successful investors. He cofounded the Quantum Fund and made so much money that he never needed to work again. Yet despite his success, Rogers has never written a book of practical investment advice–until now. In Hot Commodities, Rogers offers the lowdown on the most lucrative markets for today and tomorrow. In 1998, gliding under the radar, a bull market in commodities began. Rogers thinks it’s going to continue for at least fifteen years–and he’s put his money where his mouth is: In 1998, he started his own commodities index fund. It’s up 165% since then, with more than $200 million invested, and it’s the single-best performing index fund in the world in any asset class. Less risky than stocks and less sluggish than bonds,, commodities are where the money is–and will be in the years ahead. Rogers’s strategies are simple and straightforward. You can start small–a few thousand dollars will suffice. It’s all about putting your money into stuff you understand, the basic materials of everyday life, like coal, sugar, cotton, corn, or crude oil. Once you recognize the cyclical and historical trading patterns outlined here, you’ll be on your way.In language that is both colorful and accessible, but Rogers explains why the world of commodity investing can be one of the simplest of all–and how commodities are the bases by which investors can value companies, markets, and whole economies. To be a truly great investor is to know something about commodities.For small investors and high rollers alike, Hot Com