Comments on: Day Trading Grain Futures: A Practical Guide to Trading for a Living http://www.swingtradingplan.com/day-trading-grain-futures-a-practical-guide-to-trading-for-a-living/ Mon, 19 Sep 2011 08:22:51 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Creek http://www.swingtradingplan.com/day-trading-grain-futures-a-practical-guide-to-trading-for-a-living/comment-page-1/#comment-803 Creek Sun, 14 Feb 2010 20:01:05 +0000 #comment-803 This is the only futures day trading book I know of that deals exclusively with the grain futures markets - specifically corn, soybeans, and wheat. <br /> <br />The first few chapters of the book cover the basics of trading grain commodity futures. In the balance of the book the author explains and profusely illustrates his trading method, which is reasonably simple and straightforward. <br /> <br />What I especially like about this book: (1) you trade with the trend ("The trend is your friend" is such a bromide in futures trading that almost nobody follows it anymore. They should. It works.). (2) You execute a maximum of one trade a day. (3) You calculate your profit objectives on every trade, how many contracts you can trade, and how much risk you should take on each trade - all before you ever enter a trade. (4) You track your trades to make sure the average profits on your winning trades are larger than the average losses on your losing trades. (5) You constantly monitor your trading method execution to ensure that you're winning more often than you're losing. <br /> <br />Caveats: You should thoroughly review the examples in the book, practice reading intraday candlestick charts, and paper trade in real time before you begin live trading. Also, practice using the tools the author recommends for determining your profit objectives, position size and stop loss points. <br /> Rating: 5 / 5 This is the only futures day trading book I know of that deals exclusively with the grain futures markets – specifically corn, soybeans, and wheat.

The first few chapters of the book cover the basics of trading grain commodity futures. In the balance of the book the author explains and profusely illustrates his trading method, which is reasonably simple and straightforward.

What I especially like about this book: (1) you trade with the trend (“The trend is your friend” is such a bromide in futures trading that almost nobody follows it anymore. They should. It works.). (2) You execute a maximum of one trade a day. (3) You calculate your profit objectives on every trade, how many contracts you can trade, and how much risk you should take on each trade – all before you ever enter a trade. (4) You track your trades to make sure the average profits on your winning trades are larger than the average losses on your losing trades. (5) You constantly monitor your trading method execution to ensure that you’re winning more often than you’re losing.

Caveats: You should thoroughly review the examples in the book, practice reading intraday candlestick charts, and paper trade in real time before you begin live trading. Also, practice using the tools the author recommends for determining your profit objectives, position size and stop loss points.

Rating: 5 / 5

]]> By: Nir Ofri http://www.swingtradingplan.com/day-trading-grain-futures-a-practical-guide-to-trading-for-a-living/comment-page-1/#comment-802 Nir Ofri Sun, 14 Feb 2010 19:53:01 +0000 #comment-802 Tell the truth, I have read a lot of trading books, this was the one book that drove me to go pro and trade for a living. I always toyed with the idea, and after many tries, techniques, wins and loses, I can say that this guide has put it all together for me for the first time. <br />So thank you David. <br /> <br /> Rating: 5 / 5 Tell the truth, I have read a lot of trading books, this was the one book that drove me to go pro and trade for a living. I always toyed with the idea, and after many tries, techniques, wins and loses, I can say that this guide has put it all together for me for the first time.

So thank you David.

Rating: 5 / 5

]]> By: P. Mikos http://www.swingtradingplan.com/day-trading-grain-futures-a-practical-guide-to-trading-for-a-living/comment-page-1/#comment-801 P. Mikos Sun, 14 Feb 2010 17:00:07 +0000 #comment-801 A very easy to read and relieable trading system that spells out your profit targets and stop loss targets that will help to take the human emotion out of the trading once you enter a trade. <br /> <br />recommend getting the calculator mentioned in the book and always before trading any system make sure to paper trade it first <br /> <br />also was able to contact author for follow up question and was replied to in a timely manner Rating: 5 / 5 A very easy to read and relieable trading system that spells out your profit targets and stop loss targets that will help to take the human emotion out of the trading once you enter a trade.

recommend getting the calculator mentioned in the book and always before trading any system make sure to paper trade it first

also was able to contact author for follow up question and was replied to in a timely manner
Rating: 5 / 5

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