- What goes up must come down. The trend will change the rule and the more it moves up or down the more extreme the move will be and that is how to make money with commodity trading.
- If you want to make money all you need to know is whether the market is moving up or down and how long it's being doing it for.
- Discipline is the key and without it you will not be able to make money over the long term. Sometimes you do have to cut your losses and get out know when to stay and know when to run.
- Money does not make money in commodities. The trader makes money.
- Losses are cut strictly short, profits allowed to run, until the account grows to desired level. Profit then should be taken out and enjoyed, the account either closed or returned to its original state and the process begun over again.
- You do not put much money into the markets until you understand completely the methods of successful trading and have done your homework in this and other texts.
- The law of supply and demand still holds sway in most commodity market.
- If you take time to learn basic approaches involved in successful trading, you will already be well ahead of most traders.
- The market is always right. If the market is headed in one direction, don't fight – switch. Winning commodity traders never try to outsmart the markets.
- Calculate with price charts, the volume of profit or loss holding a commodity a day, week or month.
