FuturesBoard.com - Your Space for Futures Market Information
Welcome to Jim's Blog. Jim Prince is a 20-year veteran of the markets and the chief educator for The United States Chart Company and The Greatest Business on Earth - an educational and support site for commodity futures and option traders. Please visit gbemembers.com for information on our ongoing programs.
“Dedicate Yourself to Being Better Every Single Day.” -- Will Smith
February 2, 2010 3:16pm
I highly recommend you take the time to watch the video below of Will Smith. It includes a compilation of interviews in which he shares ideas regarding skill, success, and work ethic.
Will is one of the most successful actors in the world. While he is clearly talented, his success didn't come by accident. He has worked extremely hard to become who he is today.
He offers so many worthy quotes in this video that I highly recommend you invest the nine minutes and fifty-seven seconds to watch it.
Great stuff!
A lot of Green Today!
February 2, 2010 12:49pm
At this point in the trading day a majority of the sectors are in the green!
March 2010 British Pound
February 2, 2010 12:16pm
The March British Pound has developed a pennant formation and Trend Seeker™ says the trend is down.
A close below the lower trend line of the chart pattern will trigger an entry to the downside. Note the Daily 50% level at 1.5403 below. This price level could be considered as a possible target.
If a trigger and entry take place, stops could be placed above recent highs. Ultimately stop placement, i.e. risk management, is a very personal matter. Only trade within your financial comfort level!
NOTE: The inform ation contained in Jim's blog is for educational purposes. Market conditions and commodity and option prices constantly change. Being a successful PAPER TRADER during one time period does not mean that you will make money when you actually invest during a later period. Past Results are not necessarily indicative of Future Results. Trading commodity futures or options involves substantial risk of loss. Your trading decisions should be based on your own particular financial circumstances and trading objectives.
Please read the following risk disclosure statement:
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Quote of the Day
February 2, 2010 10:35am
We are built to conquer environment, solve problems, achieve goals, and we find no real satisfaction or happiness in life without obstacles to conquer and goals to achieve.
