TraderPlanet.com :: JeffQuinto's Commentaries

Watch this and, then, watch how much planning it took

Jeff Quinto — Fri, 03 Feb 2012 13:44:14 +0000

When you watch this video, you are likely to be amazed that this guy actually jumps off a cliff and flies through the air.

But, that is just part of the story.

Watch the entire video and see all of the planning that goes into it and look at the after analysis. He does not "just" jump off a cliff and hope for the best.

Everything he does is according to his well-thought plan.

Success in trading requires every bit as much planning, but most traders just "jump off the cliff" with no real plan.

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My name is Bond, Jeff Bond

Jeff Quinto — Wed, 04 Jan 2012 15:36:39 +0000

Can you picture yourself as James Bond in a tuxedo sitting at the Baccarat table at the casino in Monte Carlo with a beautiful girl by your side?

jeff_at_the_bacarat_table.jpg

I can.

The first time I was ever in a casino, I wanted to be just like James Bond.

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Best wishes for a wonderful Holiday

Jeff Quinto — Thu, 22 Dec 2011 15:46:55 +0000

I hope that you and your family enjoy a wonderful holiday season together. My thanks to all of you who have made 2011 another successful year as we have grown together. For me, the best part of my mentoring is that I get to help serious traders advance in their trading and along to way they become my friends. Thank you all for your friendship.

Wishing you a happy, healthy and prosperous 2012,

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The market has the memory of a dog!

Jeff Quinto — Tue, 25 Oct 2011 13:29:25 +0000

Fritz the wonder dog!

Everyone I know who owns a dog thinks that their dog is the smartest dog that ever lived.

They think their dog remembers everything that happens.

Take my neighbor's dog Fritz as an example. Fritz is smart, but his short term memory is hazy at best and his long term memory is almost nonexistent.

The markets have a memory just like Fritz.

The more in the past a price is, the less likely it is to be helpful in making trading decisions.

However, just like a dog owner's beli...

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What to learn from the giant tree looming over our house when it gets hit by lightening?

Jeff Quinto — Thu, 04 Aug 2011 19:01:28 +0000

I asked Andre what could be learned from the recent lightening and wind damage to a giant walnut tree next to my house. Truth be told, I wanted to have an excuse to use the photo-shopped picture at the left.

Thanks Andre.

“The market is like the weather, unpredictable and sometimes very volatile. The tree represents an overall position in the market and the branches, contracts in different markets. No branch is the same on a tree and similarly and, hopefully, the contracts are in non-correl...

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Over-reliance on accuracy in trading can be dangerous!

Jeff Quinto — Tue, 05 Jul 2011 13:25:32 +0000

Accuracy would seem to be a good thing.

In many professions, it is the most important thing.

However, in trading, over-reliance on accuracy can actually be destructive.

A new mentoring trader started with me this week and he showed me a strategy he had learned that generated 80% winning trades.

80% winning trades – that seems too good to be true.

Could there be a catch?

As we discussed the strategy in greater detail, he showed me the setups which seemed very reasonable – in fact the setups were qu...

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Making the best of the worst of times

Jeff Quinto — Fri, 10 Jun 2011 13:38:06 +0000

Brown County Cabin in 1969

I was the favorite grandchild of my larger-than-life grandfather.

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Finding your own path from the foothills of trading to Base Camp One

Jeff Quinto — Sun, 05 Jun 2011 23:26:51 +0000

At yesterday’s $aturday $trategy $ession, two traders talked about their path from the foothills of trading to Base Camp One.

The Mount Everest analogy is meant to describe the journey from getting serious about trading, the foothills, to the start of professional trading, Base Camp One.

The first trader who talked about his journey to professional trading was Khasan from Moscow. Khasan presented a

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Simon’s Eureka Moment

Jeff Quinto — Wed, 01 Jun 2011 19:18:09 +0000

“The hidden power of writing – don’t underestimate it”
By Simon Townshend

After my “Evolve or Die” webinar in March with Linda Raschke, Linda mentioned something really interesting. She said that she often finds a real benefit of running such events is that it forces you to gather your thoughts and reinforces concepts for you personally as well as helping others with the insight provided.

I have long been a believer in writing things down, as I have always found this does exactly the same thing ...

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ElectronicFuturesTrader.com becomes ProfessionalTraderMentoring.com

Jeff Quinto — Sat, 14 May 2011 12:03:04 +0000

We are completing preparations to convert ElectronicFuturesTrader.com to ProfessionalTraderMentoring.com.

It has a new look and better reflects the Mentoring business that I originally started to help floor traders move from the exchange floor upstairs to the new Electronic Trading world.

Today, my focus is in helping traders become effective professional traders, hence the new name - ProfessionalTraderMentoring.com.

But, there is more than just a new name.

For Mentoring Traders, there will be ...

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May you live in interesting times

Jeff Quinto — Fri, 06 May 2011 17:00:07 +0000

The Chinese have a blessing, that some would say is also a curse, that wishes,

“May you live in interesting times”.

For traders like you and me, the last two weeks would have to count as interesting times.

I would say that yesterday’s $10 drop in crude was something I will tell my grandchildren about, but I think I will have some stories to come of market rallies and declines that are likely to make the 10% one-day move in oil seem like yesterday’s news.

I have seen the markets explode with volat...

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Combining Disparate Timeframes – Simon shows how

Jeff Quinto — Sat, 16 Apr 2011 17:24:53 +0000

A popular topic in trading circles is the use of multiple timeframes.

Lots of traders like to use more than one timeframe to support their hypotheses and used properly such techniques can have considerable benefits.

However most proponents use relatively similar timeframes and in my opinion in doing so they are missing the true value of such an approach.

I like to use truly disparate timeframes, ones that are radically different to each other.

Copper last week gave us a timely example of this, so...

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Mr. Top Step himself, Danny Riley at March’s $aturday $trategy $ession

Jeff Quinto — Thu, 24 Mar 2011 12:28:22 +0000

My longtime friend Danny Riley talked about his experiences taking orders from some of the largest S&P traders in the world during March’s $aturday $trategy $ession.

You can watch the entire session at http://quinto.omnovia.com/archives/74679

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My days as a big trader – or consistency is king!

Jeff Quinto — Mon, 07 Mar 2011 22:10:07 +0000

Early in my career on the floor, I wanted to be a big trader.

The big traders on the floor were respected and all of the new traders, like me, wanted to be like them.

In fact, there were sound reasons for wanting to be a big trader.

If a broker came into the pit to sell a hundred contracts, he wouldn’t split it 2 to you and three to me and seven to someone else – he would sell 25 – 25 – 25 – 25 to four different traders. Unless you were willing to take 25 contracts you were locked out of the tr...

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The King’s Speech – overcoming adversity and meeting the challenge

Jeff Quinto — Sun, 06 Feb 2011 19:28:51 +0000

Last weekend, I saw the most powerful movie I have seen in years -The King’s Speech.

It is a masterfully told story of overcoming adversity.

The parallels between the story told in the movie, overcoming stammering in order to speak in public, and overcoming fear in trading are close to my heart.

As you probably already know, the movie is about the reluctant King of England, King George the Sixth who became King of England when his older brother, King Edward the Eighth abdicated the throne to mar...

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TraderPlanet.com :: JeffQuinto's Commentaries

Watch this and, then, watch how much planning it took

My name is Bond, Jeff Bond

Best wishes for a wonderful Holiday

The market has the memory of a dog!

What to learn from the giant tree looming over our house when it gets hit by lightening?

Over-reliance on accuracy in trading can be dangerous!

Accuracy would seem to be a good thing.

Making the best of the worst of times

Finding your own path from the foothills of trading to Base Camp One

Simon’s Eureka Moment

“The hidden power of writing – don’t underestimate it”By Simon Townshend

ElectronicFuturesTrader.com becomes ProfessionalTraderMentoring.com

May you live in interesting times

Combining Disparate Timeframes – Simon shows how

Mr. Top Step himself, Danny Riley at March’s $aturday $trategy $ession

My days as a big trader – or consistency is king!

The King’s Speech – overcoming adversity and meeting the challenge

“The hidden power of writing – don’t underestimate it”
By Simon Townshend