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Ken Wood ("Woodie") has been an icon of trading over the past 29 years He has mastered trading using the Commodity Channel Index (CCI) patterns on the indicator, which is revolutionary in the field of technical analysis. Woodie is known for trading off the CCI signals and not price bars. He has been using chat rooms for the past ten years to teach traders how to use his CCI methods.
Woodie has been featured in SFO and Active Trader Magazines. He has been interviewed on many financial radio broadcasts and web sites, and has appeared in commercials on CNBC and BLOOMBERG TV. He has conducted seminars for Chicago Board Of Trade and many different trade shows and associations. He was invited by the Futures Industry Association to join Barbara Bush for her speech as a result of his work with the Make-a-Wish Foundation and Peregrine Charities. So far, Woodie has collected over $80,000.00 in charitable donations. |
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Ken's Secrets |
Secret 1 |
Secret to success in trading is "simplicity", far to many traders get caught up in the more is better syndrome. By this I mean information overload in various ways. to many indicators, to many newsletters etc. To eliminate this keep it simple be able to react without adding outside pressures. |
Secret 2 |
Attitude, far too many start trading with the wrong attitude, trading is easy, I'll make my millions by tomorrow and very fast learn that this is not so. secret here is to have any open mind, Understand your up against the sharpest traders in the world from the banks and intuitions and professional traders especially in the index futures arena. |
Secret 3 |
Due your due diligence, put time in to learn before going live. Why do you think your $500 PC and you can compete with the biggest fastest computers there are if you are not prepared. You must do the things that allow you to survive and make a go at trading. Due Diligence is a secret.Too many traders try to guess the market you cannot |
Secret 4 |
Bias and over coming it, very hard to do but a big discipline that successful traders have mastered, this can be and area where you learn to have a trading plan and trade that plan, forget what the talking heads say, stay with a time tested trading plan. Far too many traders ask me "where do you think the market is going" and my answer is I really don't care as a trader as long as it moves one way or the other. |
Secret 5 |
I think this statement sums it all up, I say this over and over again to traders I help and mentor "to PREDICT is the SLAVES, to REACT is the KINGS" ....think about it.... |
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Free Research
Darrell Jobman: Euro/US
Friday, May 16 200810:29:00 EST - The dollar weakened in early Europe on Thursday following the firmer than expected Euro-zone growth data.
The US currency was also unsettled by a renewed increase in oil and commodity prices. The US growth- ... more>
Jim Wyckoff: Energies
Friday, May 16 200810:29:00 EST - June crude oil closed down $0.10 at $124.12 a barrel yesterday.
Prices closed near mid-range in volatile trading. The bulls still have the strong overall near-term ... more>
Robert W. Colby: Growth Stocks and Utilities
Friday, May 16 200810:29:00 EST - Energy and Materials Stock Sectors both rose to a new all-time price highs, driving some, but not all, of the major stock price indexes to new 4-month highs.
Relatively low volume fails to confirm a new Bull Market. The weight of the evidence appears mixed. ... more>
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