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How I Made $1,900,336.82
Trading Commodities
by
Chicago Mercantile Exchange Trader
Larry Levin DEDICATION
his book is dedicated to my friend and mentor,
TKevin O'Doherty. He taught me the most important secret in all of trading: How to get out of the market!
1
DAYTRADING involves high risks, and YOU can LOSE a lot of money. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades actually have not been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general also are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those talked about in our site. The information contained herein is specifically for the limited personal use of the individual who purchased this course. Any reproduction, dissemination or retransmission of the information contained in this course is strictly prohibited without the express written permission of Secrets of Traders LLC.
© 1999, 2006 Secrets of Traders LLC
All rights reserved.
2 Introduction Do you think you're learning the right way to trade the futures markets? I've got some news that might surprise you: You're most likely learning it wrong. I've found that most people are taught the wrong way to trade. However, it's important that you understand it's not your fault that you're learning to trade the wrong way. Most people learn from unqualified sources. And I will prove it to you. In fact, I'm a firm believer in proof. If I could give you some advice it would be this: Don't let someone teach you about trading the futures markets unless they can prove that they're qualified to do it. How do you know when someone is qualified to teach you how to trade? In my opinion, they're only qualified if they've actually done it themselves, successfully. What difference does it make if they wrote a book or came up with a trading system, yet have never made real money trading the markets? Unfortunately, that's what happens all too often in the futures industry; there a lot of unqualified people teaching trading ideas, and most of them have never made any real trading profits. And again, if they aren't profitable traders, how are they going to make you profitable? My name is Larry Levin, and I'm a floor trader at the Chicago Mercantile Exchange (CME). In fact, that's where I've spent the last 18 years of my life-actually the only place I've ever worked. For the last four years I've been one of the largest traders in the S&P market as far as overall volume. You may have seen me on CNBC, Bloomberg TV, or Rob TV, being interviewed on the trading floor about my opinion on market direction. I have been the Trader of the Month in Futures Magazine. I was the feature interview in the January 2007 issue of Stocks & Commodities Magazine. My trading ideas have been published in newspapers throughout the country.
3 But none of that means anything. Here's what does mean something: In the last four years I've generated just under two million dollars in trading profits at the Chicago Mercantile Exchange. And to prove it, I post my personal trading statements on my website for anyone to see (see Appendix for some samples). Just go to www.secretsoftraders.com--they're right there on the homepage. I'm not telling you this to impress you, but to impress upon you the fact that I'm the real thing, and I practice on a daily basis what I teach, every day. I'm the only educator that I know of who posts his own personal trading statements. Unfortunately, that's not true for most people who teach trading methods and techniques. Most of them have never traded successfully in their lives, and make their money simply selling products to others who genuinely want to learn how to trade. Very few make money actually trading for a living. That's why they're not the best people to teach you to trade. To teach someone to be a successful trader, it helps to be one yourself. I have that important track record, and I can use it to help you on the road to trading success.
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