Tony Greer: Commodities Market, Trading Short Term vs. Long Term, Trends, Having a System (RCS 170)

Interview original date: June 18th, 2021

Topics- Chris Cole, importance of portfolio construction, focusing on just the price action of assets, time horizon, timeframe, defining/choosing timing and staying in your lane. Commodities market, trading short term vs. trading long term, fundamentals, bullish/bearish, riding trends, risk/reward, price vs. time, stop loss, targets, timing your positions, time kills all trades, finding an exit, opportunities. Trading as long as the market lets you, letting the market taking you out instead of finding an exit, riding the trends. Tony’s newsletter, view matrix, radar screen, watchlist of sectors, their performance, studying their daily, weekly and monthly closings, picking winners, trading, value, managing risk/reward. Following the markets’ performance, not imposing your view on the books, letting the market lead you, oil, long positions. What mistakes do people make? Getting emotional, not setting up a system. Blackjack, applying its principles to trading. Developing a system of core risk management is necessary to survive in trading. Evolving with the markets, doing your homework, technical analysis, patience, it’s always a waiting game, momentum trading. Balancing staying in the game/managing risk/having the balls to take action. Balancing knowing the facts vs. pulling the trigger/executing the trade. Taking advantage of opportunities, reading into the context and nuances to inform your decisions, learning to read signals.

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