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  • Added for You - Commodity Trading Blunders II, PART 1 - My Early Days As A Novice Trader

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    If we are able to survive any new endeavor long enough, we sometimes discover what it takes to succeed. This certainly applies to commodity futures trading. Most of us cannot learn from others' mistakes. We need to commit errors ourselves to feel the pain. This seems the only way to learn our lessons. Read more about my first novice experiences and struggle to survive.

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    nly way to learn our lessons. Read more about my first novice experiences and struggle to survive.

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    So there I was with a computer and a willing programmer in 1980. I put my broker, Max on hold and started looking for more trading ideas. I got hold of an old Joe Granville book and tried on-balance-volume. That worked OK for a while and I could actually see the silver top distributing and also sugar giving signs of weakness after the big run up to 45 cents/lb. I even made a few good futures trades as a result. OBV is an interesting indicato

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