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This is an interesting concept that I have struggled with before. Which
markets to trade! The funny part is that when you're right you can trade
any market, but when you're wrong you can really get beat up in the wrong
market.
So many traders have they’re mind already made up when the get to trading.
They’re a spoo's trader or a bond trader or whatever before they have
learned anything about the different personalities of the markets. I've
traded quite a few markets and although in general I agree with Walt’s
article I want to point out a few things.
Number one in my opinion when deciding what to trade is what kind of trader
are you, and how do you want to trade. Examples: Smaller accounts probably
don't want to trade spoo’s, currencies(except Canadian $), etc. If you are
a trend follower you want to trade markets that trend well. I once tried to
get some discussion about which markets trend the best but there wasn't
much interest. I have developed indicators that can be used to compare the
degree of trendiness of various markets. For Example corn trend’s well most
of the time but all markets can change in this regard.
One other odd thing that I have found is that the New York Markets tend to
develop better chart patterns. This is aggravating because the NY markets
are not as easy to trade as the Chicago markets IMHO mostly for the reasons
that Walt mentioned.
I have found that I do much better in some markets then I do in others.
Cocoa has never been kind to me and I just don't look at it any more. So I
suggest that you find the best markets for your style of trading and
succeed.
Best Regards,
Brent
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> From: Walt Downs <knight@xxxxxxxxxxxx>
> To: realtraders@xxxxxxxxxxxxxx
> Subject: Trading GEN: The Art of the (K)Fill
> Date: Saturday, September 26, 1998 1:30 PM
>
> For those that are interested in getting an idea of what markets to
> trade, the following short article might be of interest.
>
> Walt Downs
> CIS Trading Cos.
> http://cistrader.com
>
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