I’ve been trading for about 15 years. Did a couple years full time but most of those years part time. I have traded just about everything - from sugar, to cocoa to t-bonds to currencies. When my funds are low I am drawn to currencies as its the only vehicle that will let you start with $100 and grow it into a few thousand. However, today I want to talk about the ultimate edge.
It does not matter what you are trading (corn, oil, yen, soy-oil) when you are playing with house money you have an edge that gives you an air of invincibility. Hear me out.
I could care less what your trading strategy is (as long as you have one) - once you get a trade to break-even, you are playing with the houses money and should have the confidence of George Soros! Ride that trade out knowing the worst thing that can happen is you go home flat. But the flip side of the flat coin is a trend that could last months!
Trust me - it takes some discipline, but once you catch one or two whales you will never be the same.