The Ultimate Trading Strategy! The Only Strategy that Unequivocally Works! Being What? I saved this strategy for last. There are those who have read this book halfway, and believe they know more than I do. They probably do. But, to be successful, year after year, this is the number one success factor for all…
That human nature example is why we should also spend a little time on trading controls. To manage emotion, I do touch on these as they are important and thankfully, for my human nature sake, when I traded we had implemented a strong mark-to-market program that was completely void of my input, or others including…
Cash Flow Maximizing Tactics One instrument I like to suggest that fits well is managing risk with options to maximize cash flow payout profiles. Using collars, or selling puts and buying calls to manage your feedstock cost, is often a nice way to keep the tail-risk or, in maximizing cash flow, et al, metrics with…
Hedging Horror Stories There are untold stories I can share about hedging gone awry, or hedging perceived to have gone rogue. In these cases, they have gone rogue, and there are others where entire industries are suffering due to the lack of hedging. $10 million losses – in one day! There are numerous examples…
It is that time of the year when it is time to evaluate traders and trading groups. There is no doubt a lot of value you have brought to the trading desk, group, and especially the company. You are probably frustrated that some of your value, and it could a lot of your value, is…
