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.
Just a reminder that this coming Friday, April 2 is Good Friday and a market holiday. Thus, the markets will be closed.
Since the markets are closed I will not be broadcasting my Mornings with Jim or producing a Premium Alert that day.
Both will resume on Monday, April 5.
Have a great three-day weekend!
Red Day for Grains
March 31, 2010 11:03am
A lot of red on the board for the Grains today. . .
NOTE: The information 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 the Day
March 31, 2010 10:59am
People who look for easy money invariable pay for the privilege of proving conclusively that it cannot be found on this earth.
Jesse Livermore (perhaps the greatest trader ever)
Quote of the Day
March 30, 2010 11:07am
We are the creative force of our life, and through our own decisions rather than our conditions, if we carefully learn to do certain things, we can accomplish those goals.
Stephen Covey
Grains Advancing. . .
March 29, 2010 12:30pm
The Grains are on the move to the upside today.
NOTE: The information 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
March 29, 2010 12:27pm
The keenest minds are the ones that have been whetted by practical experience.
Napoleon Hill
Quote of the Day
March 25, 2010 11:44am
A closed mind stumbles over the blessings of life without recognizing them.
Napoleon Hill
Currencies Breaking Down
March 24, 2010 4:03pm
Several of the Currencies broke down today. While the U.S. Dollar Index broke to new highs.
Check out the screen shot of the sector below and then be sure to look at the appropriate charts in my chart book (Jim's Chart Book).
NOTE: The information 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
March 24, 2010 12:58pm
Life is a gift, and it offers us the privilege, opportunity, and responsibility to give something back by becoming more.
Tony Robbins
Quote of the Day
March 23, 2010 4:31pm
The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements.
Jesse Livermore
No Premium Alert Service Updates Today
March 22, 2010 1:37pm
There are no Premium Alert Service Updates today.
I will resume the updates on Tuesday, March 23.
Quote of the Day
March 22, 2010 1:35pm
The key is not to prioritize what's on your schedule, but to schedule your priorities.
Stephen Covey
Quote of the Day
March 19, 2010 10:24am
Opportunity often comes disguised in the form of misfortune, or temporary defeat.
Napoleon Hill
Quote of the Day
March 18, 2010 12:40pm
A nickel ain't worth a dime anymore.
Yogi Berra
Fantastic. . .
March 17, 2010 4:05pm
Author Michael Lewis has written some fantastic books over the years, including Liar's Poker, The Blind Side, and Moneyball.
His next book is due out this week and is titled The Big Short: Inside the Doomsday Machine. It's about the financial collapse of 2008.
Anyway, Michael sat down with 60 Minutes (CBS TV show) anchor Steve Kroft and provided a fantastic interview full of insight about the collapse.
Check out both videos below for the interview and enjoy!
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it.
Will Rogers
FOMC Announcement Today. . .
March 16, 2010 11:02am
Just a reminder that the Federal Open Market Committee, better known as the FOMC, will announce its policy statement on today at 11:15am PT. The focus of the announcement will be whether or not they'll raise or cut interest rates.
Be aware that this is a day when, regardless of the actual meeting language, the announcement usually brings a lot of volatility to the markets.
The markets most affected are the stock indices, metals, financials, currencies and to some degree the energies.
Keep in mind that I mention this strictly because of the volatility. I'm not saying the announcement means you should begin trading the sectors listed above. Rather I'm pointing out something that tends to move the markets and this could be a plus or a minus if you're already holding positions in markets in the sectors mentioned.
As always, the bottom line is protect your positions!
Quote of the Day
March 16, 2010 9:58am
The older I get, the more I see a straight path where I want to go. If you're going to hunt elephants, don't get off the trail for a rabbit.
T. Boone Pickens
Quote of the Day
March 12, 2010 2:16pm
Expect the best. Prepare for the worst. Capitalize on what comes.
Zig Ziglar
Quote of the Day
March 11, 2010 9:39am
The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.
Jesse Livermore (perhaps the greatest trader to ever live)
Dr. Maxwell Maltz
March 10, 2010 2:16pm
Many of you know that I'm a HUGE fan of Dr. Maxwell Maltz' book Psych-Cybernetics. This book is an amazing publication. (By the way, we stock it here at the office. It's $8.99 if you'd like your own copy.)
Anyway, the book was written back in the 1960s and has sold more than 30,000,000 copies since then -- by word of mouth "advertising."
My point? If you've never read this book I encourage you to do so. It can help not only your personal life, but also your trading!
With that in mind, I found several video interviews with Dr. Maltz on Youtube. Below is the first video in a series of four. This video is about 10 minutes in length and is a fun watch. The remaining videos in this series are also located on Youtube. If you like this one you'll probably want to hunt down the rest and watch them too.
Enjoy!
Thank You!
March 10, 2010 1:08pm
If you had the opportunity to join last night's online trading chat then you know what a great time it was! I want to thank you for joining me, we had a lot of great questions come in and we also shared some laughs.
If you didn't have a chance to visit the chat live, the recording should be archived within the next couple of days. Once it's posted you'll be able to access it at: www.gbemembers.com.
I'll hold my next chat on Tuesday, April 13 at 6pm PT. I look forward to seeing you then!
Quote of the Day
March 10, 2010 12:52pm
Opportunities multiply as they are seized.
Sun Tzu
Chat Tonight!
March 9, 2010 12:49pm
My Next Free Monthly Online Chat is tonight, Tuesday, March 9 at 6:00 PM Pacific Time!
Stop on by and ask me your questions and receive tips and insight from both me and your fellow GBE Course Members! Learn how other students are using The Greatest Business on Earth!
During this month's chat I'll be using software that allows you to see my computer desktop and hear me answer your questions. Simply type your question and then watch and listen as I respond!
The main thing is to keep the main thing the main thing.
Stephen Covey
Chat Tuesday Night, March 9!
March 8, 2010 10:52am
My Next Free Monthly Online Chat is Tuesday night, March 9 at 6:00 PM Pacific Time!
Stop on by and ask me your questions and receive tips and insight from both me and your fellow GBE Course Members! Learn how other students are using The Greatest Business on Earth!
During this month's chat I'll be using software that allows you to see my computer desktop and hear me answer your questions. Simply type your question and then watch and listen as I respond!
If you wait until all the lights are "green" before you leave home, you'll never get started on your trip to the top.
Zig Ziglar
Lack of Posts
March 5, 2010 5:20pm
I haven't made many posts during the last week or so because I caught a bug. However, I'm now feeling much better and anticipate getting back to posting on a more regular basis next week.
Reminder. . . this coming Tuesday, March 9 at 6pm PT I'll hold my next monthly Internet chat. Please join me a: www.gbemembers.com.
I look forward to seeing you then!
Quote of the Day
March 5, 2010 5:11pm
Live out of your imagination, not your history.
Stephen Covey
Quote of the Day
March 4, 2010 3:06pm
Self-image sets the boundaries of individual accomplishment.
Maxwell Maltz
Quote of the Day
March 3, 2010 2:57pm
Strength and growth come only through continuous effort and struggle.
Napoleon Hill
Quote of the Day
March 2, 2010 12:15pm
Live with passion!
Tony Robbins
Quote of the Day
March 1, 2010 10:05am
Be grateful for what you have now. As you begin to think about all the things in your life you are grateful for, you will be amazed at the never ending thoughts that come back to you of more things to be grateful for. You have to make a start, and then the law of attraction will receive those grateful thoughts and give you more just like them.
