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Some Trends, They Never End (TradingMarkets.com)

Tuesday July 22, 5:15 pm ET By TradingMarkets Research When I first started trading, I used what I now consider fairly simplistic, perhaps even barbaric methods. I had a friend who would take my trades via phone and I would drive him nuts calling sometimes 20 or 30 times a day with various trades. Obviously this was very costly and rather foolish. I felt a false sense of loyalty. He was my bud, my pizano, my cemosabe. As it turned out, I was his sucker. Now, we're no longer friends. Calling in trades, spending $25 or so a trade doesn't really work for any trader, let alone a professional trader. And, it will lead to the inevitable "bad trade" whereby there was some miscommunication that seems to always lead to a bad loss that should have and could have been avoided. I also traded crude, yet profitable, trends. Historical... [read full story]                    

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