Trading Is A Business By Joe Ross

Is it okay to spread a losing trade?

No way! While it is good trading to spread a winning trade if you feel the need to hedge your position, never spread a losing trade. Simply exit the market. The usual net result of spreading a losing trade is that both sides may be taken off at a loss. If you cannot admit you are wrong, or know at what price your trade is wrong, you have no business trading. Spread trading is best initiated after the spread trend has been defined and both legs of the spread are entered and exited “Market on Close.” Spreading a loss converts one mistake into two.

When might you want to spread a winning trade? You do so ahead of a report which might have an adverse result on your trade. You do so when you hear a rumor or piece of news that might cause the trade you are in to turn from a winner into a loser. When you do that you are hedging, the very reason for which futures markets were created. Futures exchanges were created as a place where producers and users could spread.

Why not just get out and get back in after the report? Because it is often best to “stay in the water” if you want to catch the next wave. If you are in a spread, you are already “in the water.” If you get out, you run the risk of not being able to get back in. I’ve seen it happen dozens of times. A trader gets out ahead of a report. The report comes out and the market gaps up or down and then it becomes difficult to get in at a decent price.

Another advantage to spreading a winning trade ahead of a report is that, if the report causes a major disruption in the direction of the trend, you can always drop the losing leg of the spread and keep the winning leg.

About the Author

Joe Ross, trader, author, trading educator is one of the most eclectic traders in the business. His 50+ years include position trading of shares, and futures. He daytrades stock indices, currencies, and forex. He trades futures spreads and options on futures, and has written books about it all – 12 to be exact. Joe is the discoverer of The Law of Charts™, and is famous for the Ross hook™ and the Traders Trick Entry™. Trading Educators

NetApp FAS6070-A Cluster 50.4TB 112x 450GB 15k FC HD $473,270.00

NetApp FAS6030-A 50.4TB Cluster w/ 112 450GB 15K FC $383,870.00

Two Sides of A Woman – By Jimi LaRock $325,000.00

NetApp FAS6070-A Cluster 25.2TB 4 MK4s 56 450GB 15k FC $321,470.00

Sun Fire 15K SunFire E15K F15K (a must see) Loaded $290,444.00

Barracuda Message Archiver 1050 with 5 Yr Energize Update – BARRACUDA BMA1050a5 $266,759.00

NetApp FAS6030-A 24.2TB Cluster w/ 56 450GB 15K FC $232,570.00

Barracuda Message Archiver 1050 with 3 Yr Energize Update – BARRACUDA BMA1050a3 $216,551.55

Barracuda Spam & Virus Firewall 1000 w/ 5 Yr Energize Update BARRACUDA BSF1000a5 $203,600.00

Barracuda Web Filter 1010 with 5 Year Energize Update – BARRACUDA BYF1010a5 $177,838.10

BV932A HP P4800 G2 42TB SAS SAN SOLUTION FOR BLADESYSTEM $165,000.00

Barracuda Message Archiver 1050 with 1 Yr Energize Update – BARRACUDA BMA1050a1 $162,876.00

Barracuda Spam & Virus Firewall 1000 w/ 3 Yr Energize Update BARRACUDA BSF1000a3 $160,800.00

Barracuda Web Filter 1010 with 3 Year Energize Update – BARRACUDA BYF1010a3 $144,350.50

BQ890A HP P4500 G2 120TB MDL SAS SCALABLE CAPACITY SAN SOLUTION $115,000.00

Trading by the Book $143.95 Trading by the Book contains 376 pages of explicit information on futures trading. Included are discussions of how and when to really use Fibonacci techniques, how to recognize congestion, how to set and trail stops, how to get in step with a market, how to select trades, and how to conduct your trading on a businesslike basis. Trading by the Book is loaded with charts. In it you will see an entir…

Trading is a Business $149.95 …

Trading the Ross Hook The concepts shown in The Ross Hook are applicable in any market, and can be daytraded or position traded. You will find out exactly what Ross Hooks are. You will see their origins and what causes them to occur. You will be shown step-by-step how to identify them, and how to filter them so that you trade only the best hooks. You will be shown how to manage Ross Hook trades, how to manage risk, …

Joe Montana Trading Card and Hall of Fame Photo Plaque $101.85 Celebrate Joe Montana in the Hall of Fame with this photo and trading card plaque from Encore Select. This is a great piece of memorabilia for the home, business or office.Features Joe Montana number 16 Hall of Fame PhotoOne unique photograph and six collector trading cardsProfessionally framedDimensions: 13 inches high x 20 inches wide

Trading Futures For Dummies By Duarte, Joe, M.D. $28.26 Offers novice investors a guide to the latest strategies and techniques for building a portfolio through helpful information on index futures, commodities, discount brokerage companies, and more. Original. Author: Duarte, Joe, M.D. Series Title: For Dummies (Business Personal Finance) Publication Date: 2008/07/08 Number of Pages: 364 Binding Type: Paperback Language: English Depth: 1.00 Width: 7.25 Height: 9.50

Wordlick by Ross, Joe Edition , $18.49 Like many of his previous books, all of which have received considerable attention by readers and critics, Joe Ross takes his readers on a voyage through meaning, and in this work it is a jargon-spouting, ad-lingo, legalistic-nonsense, neopolitical doublespeak that we must face to get to the truth. The amazing thing is that the poet restores the world to all its wonder in the process.

Encore Select 142FBHOF16 Hall of Fame Joe Montana 16 along with a Trading Cards on a 11X14 Deluxe Frame $42.53 Hall of Fame Joe Montana 16 along with a Trading Cards on a 11 X 14 Deluxe Frame. This Is an Absolutely Wonderful Piece of Memorabilia That Would Look Awesome in Your Home Business or Office. Impress Your Friends Family Employees Colleagues and Business Associates with This Stunning Piece of Memorabilia Hanging on Your Wall.

On Any Given Day by Martin, Joe; Yockey, Ross Edition , 0 $20.99 One day the doctors told Joe Martin how long he had to live. Joe told himself: Just live.So he has, beyond anyone’s expectations but his own. And in living his life, Joe Martin has changed countless other lives.This is the story of a man who was successful by every measure — a pillar of his church and community, a top executive of his company, the father of three children. In 1994, Joe was diagnosed with amyotrophic lateral sclerosis, Lou Gehrig’s disease. The doctors told him his life would be over in twenty months or less. After a brush with despair and terror, Joe decided with his family and friends that he would recover, if not from the disease, then from the diagnosis. No doctor could predict what might be accomplished on any given day.Using the resources at hand, Joe fashioned a credo combining the words of the psalmist and of baseball legend Cal Ripken, Jr. This is the day the Lord has made. Get up, go to the ballpark and do your very best. Joe Martin’s best has been nothing short of spectacular.Having built a career as the acknowledged conscience of Bank of America, Joe took on the sponsorship of a program to organize low-income neighborhoods for greater political and economic clout, a year after his death sentence. He helped start one of the Southeast’s leading centers for ALS research and treatment. In Charlotte, North Carolina, he played a leading role in overturning a county government that threatened to rip apart his community along a religious fault line. Acting on his own, Joe began a movement of racial reconciliation that has inspired people to build friendships across ethnic barriers. Unable even to work a keyboard or speak, Joe is seeminglypowerless. Yet he has found the power to change his world.Unlike Tuesdays with Morrie, a book about a man dying with ALS, On Any Given Day is a book about a man living with the disease. This is both an inspiration story and a how-to book about contributing to life as a full human being, even when most of the basic tools of humanity are taken away. This is a book for anyone who’s been tempted to stop hoping, a book on recovering hope and discovering possibilities. It is a blueprint for making the best out of every day, one day at a time.It’s a book, too, about and for caregivers. Joe’s wife, Joan, leads a strong supportive cast. Family, friends and young assistants learn to redefine caregiving through commitment, to sustain dignity through love. And for those who imagine American business to be an impersonal profit machine, On Any Given Day will be a stunning wake-up; Joe’s company demonstrates that, no matter how severe one’s disability, it is the value of the individual that powers corporate success.

Encore Select 530FBHOF16 Joe Montana 16 Hall of Fame 8X10 Photo along with 6 Trading Cards on a 13X20 Plaque $56.7 Joe Montana 16 Hall of Fame 8 X 10 Photo along with 6 Trading Cards on a 13 X 20 Plaque. Celebrate Joe Montana on the Hall of Fame with this beautiful 13 X 20 Plaque. This Is an Absolutely Wonderful Piece of Memorabilia for Your Home Business or Office. Impress Your Friends Family Employees and Colleagues with This Hanging on Your Wall.

Principles of the Business Rule Approach by Ross, Ronald G. Edition ILL, 1 $32.99 Principles of the Business Rule Approach by Ross, Ronald G.

Marvel Masterworks by Maneely, Joe; Kubert, Joe; Colan, Gene; Severin, John; Crandall, Reed; Orlando, Joe; Andru, Ross; Reinman, Paul Edition , 0 $41.99 Marvel Masterworks. Maneely, Joe; Kubert, Joe; Colan, Gene; Severin, John; Crandall, Reed; Orlando, Joe; Andru, Ross; Reinman, Paul