HomeInvesting for GrowthNews & WeatherOption StrategiesTrader ResourcesTrader's BlogBook of the MonthCommodity ExchangesInvestment ClubsFutures EzineEnrollmentCommodity Recipes
Test Drive the Greatest Business on Earth risk-FREE for 90-days!

                   Trader's Blog for Investing Fun & Growth                   

    follow me on Twitter

    Archive Newer       

    Monday, May 25, 2009

    What do most individual trader's do wrong?

    Doing market research during the writing of our book, ChartSmith-Forging Your Financial Future, we discovered alarming data that cited over 80% of individual (general public) traders lose money in the commodity markets.  At first this number seemed a bit overdone to me...but then I began browsing back through some of the interviews with top traders in Jack D. Schwager's book,
    Market Wizards, and it gave me a blatant reminder of why so many individual traders lose money in the markets. 

    I'll list a few of the reasons here and when you have a chance I recommend picking up a copy of Market Wizards at your local book store or you can check it out on our
    Trader Resources page. 

    Here's what some of the top traders had to say about the average trader...

    1. They trade too much.
    2. They are not selective enough when choosing markets to invest in.
    3. Lack of patience--they force the trade rather than waiting patiently for the right setup.
    And one more; They're afraid of losing their money--and it's that fear that causes a chain reaction of other problems in their approach to trading decisions.

    Have a great weekend!  Scott
    1:40 am est

    Wednesday, May 20, 2009

    Market Study--why it's important!

    Here's why we keep saying a little study every day is so important...

    Once You Really "Get" Trading, You'll Be Surprised At How Easy It Is To Make Money!
    ~Larry Levin

    To your trading success, Scott
    3:26 pm est

    Tuesday, May 19, 2009

    Truth in Humor?

    This SNL skit is hilarious--but could there be truth here? 

    We've seen some scandalous stories in the news this past year about people loosing their life's savings to unscrupulous "professional" money managers.  Many of the wealthy families that were taken advantage of by the likes of Madoff, Stanford, and Israel III, trusted these men to watch over their fortunes.  

    It's sad that they didn't take some time on a consistent basis to study the marketplace and gain an understanding of how money can safely and consistently grow. 

    Sometimes the mainstream media makes investing seem like it's too complex for the average individual to make his/her own decisions when in reality just about anyone can learn to make sound financial decisions if they'll invest a little time to increase their knowledge on the subject.
     
    Keep studying every day--even if it's only 30 minutes and before long you'll have a solid understanding of natural cycles in the marketplace, what constitutes a trending bull or bear market, and how to multiply your investment dollars safely...it's a lot of fun and it really isn't that complex.

    Take care, Scott





    12:53 am est

    Friday, May 15, 2009

    American Love Affair Gone Cold?


    My first car was a cherry-red 1965 Mustang 280 V8.  My dad and I took evening auto body classes at my high school; kind of a father/daughter thing to restore it to mint condition.  I loved that car.  This started my love affair with American Made Cars.

    When my husband and I first met it was a match made in heaven on many levels; one of which being a shared love of American Cars.  Scott drove a brand new, chestnut-brown, special order, F150 regular cab pick-up.  What a great truck.  As we started our family the Mustang was sold for a more sensible vehicle, a Jeep Grand Cherokee.  When our second child arrived, the regular cab truck was upgraded to a ¾ Ton Ford Crew Cab.  Our family enjoyed many camping trips in our F250 and overhead camper.  As time progressed and camping became RVing; the perfect tow vehicle was a chili pepper red Jeep Wrangler.  Nothing would be better than an afternoon with the top down, kids in the back, and a picnic in the mountains.  Even our RV’s have all been American Made. 

    Our love affair didn’t stop there.  At work, when offered to choose a company vehicle to use, we insisted on a GMC Envoy.  Scott and I were the only people at our corporate office to drive an American made car.  Time moved forward, our business horizons expanded, and again we needed a vehicle only American ingenuity could provide; a 2005 GMC 2500 Sierra Crew Cab; perfect for renovating houses but classy enough for a night on the town.

    Then in 2007 gasoline prices were going through the roof with no end in sight.  We knew it was time to park the big truck and purchase a more fuel efficient vehicle.  Naturally we instantly turned to our faithful American Auto Makers… but no luck.  We couldn’t find anything that offered the room we needed, the luxury we wanted, the quality we expected, the fuel efficiency that the economy and the environment demanded, but most of all at a price that was competitive to foreign counterparts.  So we did the unthinkable; we looked at a foreign car maker renowned for innovation, Volkswagen.  They had a wide selection of gorgeous, fuel efficient cars at 20-30% less than American car dealers.  But we still felt loyal to American products so we farmed bids from every dealer in our area.  We explained what we wanted.  The closest match was a Ford Fusion that compared to the VW Passat.  They were close on almost everything until we got to the pricing, the Ford Fusion didn’t even compare with the VW price.  Every dealer was the same.  Some didn’t even try, they just said, “Sorry can’t help you.”  After 17 years of American Car purchasing, we purchased a foreign vehicle.     

    My first foreign car is a 2007, metallic black, 2.0 Turbo Wolfsburg Special Edition, Volkswagen Passat.  I’m in love; beautiful car, affordable luxury, great gas mileage.  Everyday it seems I read another news article on an American Car Maker asking for more taxpayer handouts, bailout money needed because of the “bad” economy.  I say it’s not the economy boys; you dropped the ball and the foreign team was there to pick up the fumble and run it into the end zone. 

    If American Car Makers want my business back, stop reaching into my pocket and start building better cars.  Woo me, who knows, I just might fall in love all over again.

    Shawna Jones 
    6:56 pm est

    Thursday, May 14, 2009

    Welcome from the ChartSmith Team!

    Thank you for joining us here!  One of our passions is commodity futures investing.  We enjoy it and want to share some of our success and learnings with you. 

    Everyone has been touched in one way or another by the global economic downturn--but we at ChartSmith want you to know that the downturn does not have to be "all bad".  What's "bad" or "good" is more an element of our own perception towards the thing or event...It's a choice of how we choose to label the event that gives it positive or negative power over our attitude and the attitude we consistently hold can and often does have a profound effect on the longer term unfolding of our life's direction. 

    The events around us don't have to dictate to us.  It's our knowledge and understanding that empowers us to make decisions that allow us to benefit from these very events that so many tend to label as "bad".

    Our enthusiasm for commodity futures trading and the cash flow and time freedom our family is realizing from it is continually growing and we're grateful for this and honored to be sharing this with you.  Another thing that is continually growing is the commodity markets themselves, with literally billions of dollars transitioning through them each day.  This is a great opportunity for people like you and I and our families and friends.  An opportunity to benefit financially from our awareness. 

    It's our awareness of what is going on around us that brings us to the point where we can look at events that the masses and the media label as "good" or "bad" and we find ourselves thinking "it is what it is".  We can then embrace the moment and begin making progress by using this awareness (as opposed to being fearful, which does nothing to strengthen our faith), knowledge, and understanding to benefit in the global commodity marketplace--the "stuff" the world runs on. 

    With that said, we want to say "welcome" to the exciting world of commodity futures trading and wish you and yours the very best.  

    Scott and the ChartSmith Team
     
    4:55 pm est


    Archive Newer       

    Please read our IMPORTANT NOTICE: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. Nothing in our commodity futures workshop or website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed during the workshops or on our site. Also, the past performance of any trading methodology is not necessarily indicative of future results.