Wisdom of best traders from Commodities Corp.

December 29, 2009

“It is not whether you are right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong”

George Soros


“It takes courage to be a pig.”

“Just keep hitting homeruns & preserving capital”

Stanley Druckenmiller


“They are free to trade any way they want, and to come and go as they please.”

“Any theory is good as long as it makes money”

“Never bucked a trend in prices”

“Never mind the cheese….let me out of the trap.”

Amos Hostetter. Founder of Commodities Corp.


“Not to go against the moving averages, it’s self-destructive”

“Know the amount you are willing to lose”

“Don’t break the rules”

“The most important thing is money management, money management, money management.”

“Let your gains run”

Martin Schwarz


“Cutting down the number of trades you make”

“The best trades are the ones in which you have all 3 things going for you”

– Fundamentals

– Technicals

– Market Tone

Michael Marcus


“Place my stop..that is too far or too difficult to reach easily”

“If you personalize your losses, you can’t trade.

“The price for a market on any given day is the correct price, then I try to figure out what    changes are occurring that will alter that price.”

Bruce Kovner


“Don’t be a hero. Don’t have an ego.”
“Don’t EVER average losers”
“Decrease your trading volume when you are trading poorly”
“Always thinking about losing money as opposed to making money.”

    Paul Tudor Jones


    Summary of wisdom from Commodity Corp.

    Don’t predict the future

    But do react quickly

    Cut your losses

    Ride winners


    Quote of the day

    December 28, 2009

    “I’m a great believer in luck, and I find the harder I work the more I have of it.” – Thomas Jefferson


    MACRO TECH THEMES Q1 2010

    December 27, 2009

    View this document on Scribd

    The Wizard of Winton – CNBC.com

    December 25, 2009

    The Wizard of Winton – CNBC.com.


    Wisdom quotes

    December 23, 2009

    “Human nature..The public desire to get rich quick overnight is eternal ..Nothing will stop that desire in any age..The thing to do in the market is how not to get infected by their desire and quietly remove millions or billions from their pockets into your own pockets” – Shanghai bc – gv forum


    BG TRENDS – 18 DEC 2009

    December 18, 2009

    What a week! Bulgarian equities accelerated ST and MT trends down but managed to hold very important support area at least for main two indexes SOFIX and BG40 (see my previous post here). Technicals went in deep over sold conditions and at the end of the week most stocks and indexes managed to bounced back making bullish patterns across the board (for liquid stocks). Long tern trends for indexes  were challenged but managed to hold as i expected. We are not out of the woods yet but i expect to see some move up taking in mind huge oversold conditions for major stocks.

    Trends are subject of revision on daily basis after market close. Long – term trends are revised on weekly basis after friday close.

    Trends are based on my mechanical trend following system. They are NOT trading recommendations.


    Housing – what housing?

    December 16, 2009

    Recent data from NAHB shows that housing remains weak. As  I showed in my older posts Housing was a leading indicator of 2008 stock market crash. Recent bounce in equities is not  confirmed by housing sector. Whether there are other  driving factors for equities remains to seen (reflation and anything else)

    graph source: NAHB