GTC Buy Orders Entered
On Corn & Natural Gas
Getting close folks. To seeing a bottom in these two markets, more than likely. More so most of the courses I’ve been putting together are just about ready for release. I’m very happy about that. After all, two to three months of what was “an expected work” product turned into nine. The only person happier than me is my better half. I’m glad she is and you should be too. If you cannot put your better half first who are you going to put in that position.
It’s damn good and it meets my expectation that you’re going to learn how to trade and invest the “right way”. It compliments what you read here, only in the courses I drill it all into that space between your ears. That’s where it starts, your emotions are critical but then again, so is your knowledge. Macroeconomics and geopolitics take the lead then they are put together and form a favorite, geoeconomics. I was not the person who “invented” the word. I’m just the one that professes how important it is to everyone. Take heed, it works.
In the last couple sections of the first course I dig into two things, “what happens if” and the “tools I use and why”. Again, I dig in a little more than I do here and it counts for a little more of teaching you how I think. Naturally there will be more about stocks and bonds, they are a natural but for most of you, it’s second nature. My true “heroes”, futures and funds, primarily ETFs take flight next followed by a favorite, options but I am just starting, there’s much more. Anyone can start with “basic option strategies” and I hope I’ve done some of that here. I use options and quite often futures to hedge and you should too but truly learning how to trade both of them is very important.
Maybe that’s why I am typing this as a few of my lectures upload then download. It is a process and what follows is as well. Both Corn and Natural Gas are bottoming. They are both on my radar and have been for quite some time. I’ve been waiting and it’s the “right time to act”.
GTC Orders Work
I am always uncertain when it comes to picking an absolute bottom. I am always quite certain about how I scale into a position. The first thing I do when it comes to futures and option is to look for actively traded contracts. For Corn it “May”, for Natural Gas, it is the “October” month. So what did I do today? I placed a lot of GTC orders below the current prices. I’m not certain if a bottom has been hit and I am not one to chase so, if I get filled great. If I don’t, there is going to be another opportunity sooner than not so I’ll do what I do best, I’ll wait. Here’s a couple charts and it should be obvious why I’m looking for an entry point below where they both currently trade.
Maybe I’ll be right. Maybe I’ll be wrong or early like usual but one thing for sure, I’ve got a game plan and I’m going to stick with it. You should too and that is what I am going to try to teach everyone in the courses and more. Now back to work for me as another upload and download is done. Time to record another lesson.
Probably my favorite James Taylor song of all time. The “Secret of Life” is enjoying the passage of time. He’s right. I’ve got nine months into putting together a course you are going to learn form, I promise that. It’s also the way I trade, I’m patient and you should be as well. Sometimes you are going to be right, sometimes you are going to be wrong but regardless, if you stick to your plan that is all anyone can ask. Have a great weekend folks. I’ll be at my desk working as we have a hard deadline on getting this project to market. Good things take time, learning exactly how to trade and invest the “right way” is a marathon, not a sprint. Take your time and learn.