If we are able to survive in a new company long enough, sometimes you discover what it takes to succeed. This certainly applies to commodities trading. Most of us can learn from others 'mistakes'. We must strive for the mistakes of the pain. It seems that the only way to learn the lessons. To learn more about my experiences and rookie first fight for survival.
So there I was with a computer and a developer prepared in 1980. I had my broker, Max put on hold and began to lookideas for trade more. I owned an old book and Joe Grand attempt to balance-volume. What worked well for a while, 'and I could actually see the silver on top and spread of sugar shows signs of weakness after the big run up to 45 cents / kg. I also have a few good commercial future as a result. Obv is a pointer to some interesting moments, especially for the reporting of distribution.
My big breakthrough was made by Ucon library in Storrs, CT. I came across the old original book,"How can we make profits in property" of WD Gann. It begins with a learning curve culminating in a wild weekend flight to Las Vegas for the first workshop of Billy Jones, a broker Gann famous commodity. Both are now dead. The cost is $ 2000 in 1980 dollars. I remember sitting at dinner with brokers commodity Gann and some participants in the seminar of other facts.
We were all in awe of WD Gann, the angle of nine 1×1 squares and the like. I have this guru commodity Gann asked why the United StatesThe government this incredible knowledge to predict the harvest of the United States? Because they rely on financial reports that stupid? The mediator said that I did not understand how the government worked, and that will bring new ideas for not groped. I thought it was strange, but let him go. The mediator then managed futures account for me that slowly eroded, so I closed.
Now it's 1981 I came in futures mania mapping of raw materials. I went out and bought 30 pieces 3'X 4 ", 3 / 16" thick and sticky clear Plexiglasmapping Mylar place. For the next three months I have neglected my social life and compiled weekly and monthly commodity futures contract Gann charts go back twenty years for the main products.
The OHLC (open-high-low) price data closely, it cost me $ 1000 and is printed on the paper on your computer. The black ink made of engraved bar price on Mylar. I used colored pencils to Gann angles and beautiful little triangles under the bike. I have a beautiful, white $ 1200 and bought the drawing boardreligiously keep the maps updated. Gann charts were authentic style of raw materials, and they were heavy!
I also hung 3'X twenty-two 4 'panels falling from a wire held in my office, a square of nine futures Gann wheel for each commodity. I was really into it! He could barely walk into the room. These are small magnets attached to the metal after the passage of time has elapsed. Seems to be a waste, but the futures price charts have been very valuable. I actually startedto make money and have some good conversations. Cycles of time, I remember calling OJ 1981 freeze a month before it happened. I do not get on board, but it was nice anyway.
Part two of the three – Avanti!
There is a substantial risk of loss in futures and options and may not be suitable for all types of investors. Only risk capital should be used.