Bond Futures

In 2007 after January 1 through about April,  after oil came off it’s $72 highs, no one including myself could find a trend in the markets. It didn’t matter what position you took, you were almost guaranteed to loose. For so long with help form the Index and Hedge Funds, trends and directions were easy to depict. What was it that was tripping up the market? Re-aligning after the new year? Mass exoduses of long and short positions for the upcoming credit crash? What ever it was, I learned a lesson. That lesson is that it is ok to stop trading. It’s better to make 0% for the month than lose 6. I also learned from looking back that no matter how solid my technique, it will not always apply for short periods of time. The worst case scenario is that you have to completely go back to the drawing board. Every great trader should be open to this unless they’re willing to leverage their career off their technical study.

But today thank God the trends are back. You wouldn’t think so but even with the economic turmoil, things are as clear as day. The mass scalping funds are out of the picture exposing the old school hedgers and their directions. A parabolic indicator is as easy as Red Light, Green Light. Bonds. I love trading bonds. I love using bonds as the indicator and then choosing weather to play the 10,5 or 2 year note in the same direction. It should be illegal. I will never subscribe to Breifing.com or give into their fundamental propaganda in which they are bringing in millions in advertising and then delete their free section for investors.

While most commodity brokers are working for independent boiler rooms pitching option spreads to retiree’s, the ones that have technique and know how to bring returns are often left in the dark and struggle with the ethics of prospecting for new equity. When or how are the profitable futures brokers going to be separated from the derelicts of the industry, of which there are thousands. One way, the only way currently is to become a CTA. Only then will you be recognized for your returns. The next problem is finding a way for potential clients to find you. Being listed on sites such as Autumgold.com helps, but what about the people that don’t or would’nt seek to find such resources. The only way is for the futures broker to venture out from behind the screen and network with the financial community. Once you have a successful record and the big firms see it, you wont be able to accomodate the level of equity. This is the only moral route for todays successful commodity broker.