Hello saraiva & welcome to the thread.
You can ask as many questions as you like, whenever you like - it certainly won’t annoy us. Your English is just fine
1) No, we don’t use the Commitment of Traders Report (COT) as any sort of hedging tool. We do take note of what’s going on with that information, but only as part of our overall analysis. It’s not really a priority item to be honest.
If we’re considering utilizing some sort of short-term protection (insurance) against one of our potential swing positions, then there are more appropriate hedging facilities out there such as options which would look at.
2) The simple tools & work practices we utilize on a regular basis have been handed down to us from our Parents & their colleagues. We’ve also inherited a few research disciplines & templates from the various investment/trading firms we’ve worked for along the way.
I’m afraid we’re not going to be able to offer you any positive replies to your next set of questions.
We haven’t really read any of the popular so called ‘trading books’…we were always advised to ignore them at all costs LOL, so are unable to recommend any of those unfortunately. But I’m sure other contributors will offer you a few pointers from their experiences?
Neither do we follow any analysts or trading blogs. We use our own research models & those of our colleagues & family (whom we trust implicitly).
As you gain more experience in this business you’ll quickly discover that the vast majority of these analysts & well publicized technical guru’s really aren’t worth following at all. Their records are barely better than average.
My main piece of advice would be to discover which type of trading behavior (short or medium to long term) you’d prefer to familiarize yourself with & then explore the options of that discipline.
Research the benefits of composing a simple trading plan or set of rules to keep you on track.
You can obtain a good deal of this & other types of general info by simply typing the subject matter into your browser/search engine.
Whatever you decide to utilize –
keep it basic & for heavens sake,
keep it simple.
Good luck & continue to ask the questions if you're unsure
