"Being wrong - not taking the loss - that is what does damage to the pocketbook and to the soul." - Jesse Livermore
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Trading in futures at any level is extremely risky. Past performance is no guarantee of future results. Any
investment in futures carries the risk of losing more than your initial investment. All investment decisions are
ultimately your own and Ted Warren Trading assumes no responsibility for individual trading decisions. The
information presented on this website is for informational purposes and should not be regarded as trading advice.
Futures Make Money or Make Excuses Not Both
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The chart above represents an actual trade as it appeared in our daily update the day we recommended selling it. Our price target was
outlined the day we recommended the trade and we carefully protected profit on the way up. While Ted Warren stated that "playing for the
small and intermediate moves is what kills you," we do not fully agree. We feel that is only the case when exaggerated expectations are
allowed to influence, interfere, and impede sound decisions. If you follow our methods of discipline that is unlikely to happen. Ted did not like
to trade as often stating that you would be lucky to find one tradeable bottom a year in all commodities. While we look for the same basing and
triangle setups that Ted traded, we have been able to make consistent gains while containing any losses by applying the essence of Ted's
logic to shorter time frames. When you trade under defined rules you eliminate the greed and fear factors that Ted Warren firmly believed
were detrimental and sought to avoid. From this example of the S&P 500 do not get the idea that anyone can do this. Ted was not in favor of
the average person trading commodities as he believed it was far too dangerous. We could not agree more. The fact that commodities can
bring large returns is burdened by the fact that they can wreak havoc on the trading accounts of those who think that they will make a killing.
Those who approach futures trading in that frame of mind are likely to lose all the money they invest. Our best advice is unless you are ready
to lose the shirt off your back then stay away; however, if you are willing to follow rules, exercise prudence, and wait for specific chart patterns
you are more likely to succeed. Our trading theory is based on proven accumulation patterns, defined entry and exit signs, and strict rules for
limiting risk. Failure results for many reasons but mostly from unresolved psychological issues that prevent even the smartest of traders from
reliably and consistently cutting losses and taking profits. Thinking you are smarter than all the rest is a sure sign of your inability to
understand the dynamics and risk of the futures markets. Our methods aim to control such thinking and the resulting destruction.
The above title is Ted Warren's aptly named introduction to futures trading in his book "How to Make the Stock Market Make Money for You." In the last section of his book he detailed some of his experiences in futures trading. Ted Warren did quite a bit of his early trading in futures. Focusing mainly on less volatile markets of grains, foods, and fibers, he quickly built his wealth and then retreated to stocks finding that he did not have the temperament or constitution for futures trading. One of Ted Warren's main complaints in his earlier days was that he traded too often mostly due to fear of missing a move. This led to painful lessons of losing what little money he did have in those days. We take that to heart here at Ted Warren Trading. We only recommend trading on well defined patterns and we use strict stop loss criteria and profit protection criteria. We prefer to limit risk by taking controlled losses when our opinions are wrong. Below is an example of our trading charts and how we outline a trade. Not all trades result so favorably but it is an example of what is possible. Reviewing the monthly trade data near the bottom of the page shows the actual results of all of our recommended trades since we started publishing our newsletter in April 2008.
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Metals
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$ Take Control $ of yourself
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We provide a daily update with chart analysis of all markets shown on this page. In addition, we state reasons for making the trade, identify
entry pricing and specific profit protection rules. Special alerts are sent intraday to alert you to any special trade developments or
opportunities. Furthermore, we will at your request evaluate any market that you are considering as well. We work to create a deliberate
atmosphere where trades are considered, executed, and then forgotten about if they do not work out. There is no second guessing, waiting
for the trade to come back, or changing of trade parameters. This method is designed to limit losses quickly when we are wrong and let profits
build when we are right. Losses are a normal part of doing business; however, limiting losses is the key factor in surviving and becoming
successful in trading. This inability to admit when one is wrong is the Achilles heel of most traders.
We do not have any fancy advertising, slick presentation, or offer foolproof methods. What we do offer is detailed discipline and a trading
record that speaks for itself. Moreover, we know losses are part of the business model that can never be eradicated only controlled. Click the
links below for to see our current and historical results. We invite to join us in becoming realistic and disciplined. Join now!
CLICK ON DOLLAR IMAGES BELOW TO SEE RESULTS OF OUR TRADE RECOMMENDATIONS FOR 2011
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Poverty to Wealth: My Experience In Futures
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Actual S&P 500 Futures Trade
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Because nobody can manage your
money better than you.
There have been a total of 226 recommended trades through August 2011 with 74% of those trades profitable and a total profit of $281,276.61*
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*Total profit includes losing trades but does not include commission cost, slippage, or any other costs associated with trading commodities.
A word to the wise. There
are quite a few places that
advertise ridiculous claims
of success and yet when
you sign up for their
system you never are able
to duplicate their results.
READ THIS CAREFULLY!
There aren't ANY
perfect trading systems
available anywhere.
At Ted Warren Trading the
record you see below on
futures trading is every
trade we recommended
and the prices are the
entry and exit prices that
clients knew beforehand.
Our winning trade
percentage is above 60%
which is high in most
circle's. It's not perfect, it's
realistic and plenty of
money can be made by
being disciplined and
realistic. We are selling a
well proven disciplined way
to make consistent profits.
You will lose money
because that is part of the
business. We are realistic
but certainly not perfect.
We will say it again.
There aren't ANY
perfect trading systems
available anywhere.