Long Term Secrets To Short-Term Trading

"
Just Say No" to anyone who claims such ability. God does not grant us that power it appears. But, he did 
give us the ability to have a better understanding of things so that we might develop a systematic way of 
driving, flying, living ... even trading commodities. 
It Gets Down to This 
You do not need to know the future of the world to make money trading (you'll never have that view 
anyway). What you need is a consistent advantage in the game. No more. No less. That's where commodity 
trading systems come into play, they, or any consistent approach, can give you and advantage in this game ... 
and that, folks, is all you need. 

---

216 
September 1992
Volume 29, Issue 9 
The Rush of Trading 
Dostoyevsky, the Russian poet and gambling addict, said the greatest thrill in life is making money on a 
speculative wager. 
The second greatest thrill was losing money. Perhaps that's what led to the title Notes from the 
Underground for his most famous writings. The point is well taken. Making money is a great rush, strangely 
enough so is getting out of a loss. Few things feel better than getting out of that much pain and anguish. 
The Dilemma 
This sets up a mental conflict. Negative action, losing, creates a "rush" or feeling of exaltation that our 
minds scramble. Just maybe, the lot of men and women like us, is that we just like rush, thrill and excitement 
... to the point that we'll pay for the experience ... with margin calls. 
Think I'm kidding? In written interviews with almost 600 traders, when asked to list the three primary 
reasons they were trading not a one of them put down (as their first choice) to make money. That's right. They 
listed things like, thrill, challenge, excitement ... but not one put to make money as their first choice. 
Here's my next point; when people call wanting to learn a system, or subscribe to this letter, they seldom 
ask if we make money ... instead they want to know how many trades we have a week and if we trade XYZ 
commodity, their current love. Many callers lose interest when they find we don't trade XYZ, because that is 
what they want to trade. Period. Even though they have been losing money doing it! 
This Leads to Psycho Babble 
There has been a spate of books and seminars in the last few years claiming that all you had to do to make 
money was "get clear" to arrive at some sort of psychological understanding about you and the market. 
People have paid tens of thousands for this "enlightenment." Now it happens to be I know little bit about this. 
First, let me give my qualifications about what I'm going to tell you. I have my minor in psychology, I'm 
as comfortable in front of a Skinner Box as a chart book, understand the subject matter from more than just a