While a healthy fear of the markets leads to proper risk management and discipline, excessive fear of losing money impairs our decision-making process and leads to trading…… Read more “You have to be ok with losing it all, if you want to win at all”
Author: The Journeyman Trader
Mr. Booy has spent the last several years in the investment and trading industry with Morgan Stanley and with Westrock Asset Management, a hedge fund and commodity trading advisor in Little Rock, Arkansas. His passion for trading together with his previous experiences in education management have combined to develop a unique style for communicating complex economic developments into simple and quickly-digestible concepts. His international experience and diverse educational background enable him to connect the most disparate dots into cohesive narratives that put decision-makers in a position to better identify threats to and opportunities in their businesses.
Mr. Booy is a Dutch-American citizen, who was raised in Italy and educated in the United States. He is husband to Kelly and father to four wonderful kids. He holds a Technical Degree in Industrial Electronics from the Istituto Tecnico Industriale Castelli of Brescia (Italy), a B.A. in Religion & Philosophy from Lyon College (USA), and an M.B.A. from the Rotterdam School of Management, Erasmus University (The Netherlands). He's fluent in Italian, Dutch and Spanish and he's working on Portuguese and Mandarin.
Booy’s #Commodities #60SecUpdate #33
METALS Despite the USD's reversal, now on its 4th down day, precious metals have started the week on the same negative note as Friday. Traders will listen… Read more "Booy’s #Commodities #60SecUpdate #33"
Booy’s #Commodities #60SecUpdate #32
METALS The most striking aspect of the US's exit out of the JCPOA is not the impact on Iran, but on the relationship between the US and… Read more "Booy’s #Commodities #60SecUpdate #32"
Booy’s #Commodities #60SecUpdate #31
METALS The USD has shaken off the Fed and the employment data and is headed toward a 5-month high. Gold's rebound is starting to look like a… Read more "Booy’s #Commodities #60SecUpdate #31"
Booy’s #Commodities #60SecUpdate #30
METALS Initial reaction to employment report is negative for rates and USD, therefore stronger Gold/Silver. It's a short-term catalyst to support the rebound inside the well-known 2018… Read more "Booy’s #Commodities #60SecUpdate #30"
How I got out of the hole
Trading commodities can be a rollercoaster. Learning how to trade is a rollercoaster inside a tumbler ride! The learning process can be so intense and painful, at… Read more "How I got out of the hole"
Booy’s #Commodities #60SecUpdate #29
METALS The political headlines are quieter. Interest rates are inching higher again (after the negative close to the week). USD is being dragged higher. Well, you know… Read more "Booy’s #Commodities #60SecUpdate #29"
Why sitting on your hands is the best thing to do
Sometimes the hardest things to do for a trader is to sit on his hands and do nothing. Somewhere I read Jim Rogers saying that he would do… Read more "Why sitting on your hands is the best thing to do"
Booy’s #Commodities #60SecUpdate #28
To subscribe only to this update, click here: http://booyinsights.com/subscribe METALS With no change in ECB policy the Euro confirmed the negative reversal pattern, which in turn is supporting…… Read more “Booy’s #Commodities #60SecUpdate #28”
Fear the market like you fear your dad
I was once a Dean of Students at a private prep school. I was trained by an "old-school" principal on how to handle various discipline issues among… Read more "Fear the market like you fear your dad"
