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”
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"
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"
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"
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"
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"
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"
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"
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”
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"