ARTICLE SYNOPSIS ...Using Paper And Pencil (Hey, It Still Works!) Long-Term Trading With Swiss Francs Didn't you love that little cotton trade we showed you back in May 2000? Want to try again with Swiss francs? Here's your chance. by Andre Zupans In the May 2000 STOCKS & COMMODITIES, I presented a long-term commodity trading technique. At that time, cotton offered a great long-term trading setup. A weekly point & figure close of 5500 in January 2000 had issued a buy signal. The 5500 calls six months out were bought at about 3.00, or $1,500 per call. In March, cotton reached about 6300, sending the calls to ar...
ARTICLE SYNOPSIS ...Using Paper And Pencil, For Cotton Long-Term Commodity Trades by Andre Zupans Large commodity firms, commercial producers, and mature speculators know that capturing huge moves in commodity markets may take years. HereÕs that technique, demonstrated nicely. If you believe the news media, short-term traders and daytraders are everywhere. Certainly, their numbers have exploded due to the unprecedented bull market in stocks. Are they consistently successful? Doubtful. Transaction costs, overtrading, and small profits and large losses plague these short-term traders. Long-term trading eliminat...