Andrew Abraham

andy-0101 My name in Andrew Abraham. I have been investing in commodities and managed futures since 1994. I adhere to the philosophy of trend following. Trend following stresses a disciplined approach to commodity/ futures trading. Successful trend following and commodity futures investing requires patience, discipline and actively managing the risk. What sets me apart from other traders is that I am not only concerned about the return on investment but how much risk I will have to tolerate to achieve my goals.

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If you are interested in contacting for speaking engagements. Please email me at Andrabr9@gmail.com or call 954 903 0638.

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Futures and commodity trading involve substantial risk. The evaluations of futures and commodities may fluctuate and as a result, clients may lose more than their original investment. In no event should the content of this website be construed as an express or an implied promise, guarantee or implication by, that you will profit, or that losses can or will be limited in any manner whatsoever. Past results are no indication of future performance. Information provided on this website is intended solely for informative purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible, where projections of future conditions are attempted.

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Self Inflicted Pain: Dealing With Trading Slumps And Drawdown

Self Inflicted Pain: Dealing With Trading Slumps And Drawdown
Friday, January 21st, 2011
There has been much tragedy in my life; where at least half of it actually happened – MARK TWAIN

Why do we always feel so bad when we are in a trading slump, or in a draw down if we are trading a system? Do we not realize that this is part of the process of being profitable in the long run?
While some kinds of suffering are inevitable and can’t be avoided others are self inflicted. The answer is that even though we know there are periods of draw down, we don’t really accept them when they arrive. We sometimes feel victimized, or fall into a high anxiety worry role. It always seems no matter how many draw down periods we have been through, that this one is different. The current one always looks like the one that’s going to break us.
We need to realize that trading and building an equity curve for the purpose of building net worth is in fact a game. Part of that game are set backs. No different than any other games we watch on any given Sunday. We don’t necessarily think our favorite football team has lost the game if the opponent is in scoring position. We realize that’s part of the game, defending ourselves in the process of our own scoring. Even if they score, we then have the opportunity to score back on them. In fact, with out this threat, the game would cease to be a game and we would lose interest in playing.
We also add to our pain by being overly sensitive and taking ourselves way too seriously. We have a tendency to take a routine part of the game and blow it out of proportion. In other words I think that to a large extent how much pain you go through is directly correlated with how you respond to the situation. How we will respond will depend on whether we have really accepted set backs as part of the game, which are routine pauses in an ongoing process.
It really is a simple concept, but like most important things it’s anything but easy. It takes constant reminding. If we carefully examine the situation in an unbiased and honest way, we will realize that WE ARE RESPONSIBLE for how things will turn out. We are responsible for realizing a set back and playing through, or throwing in the towel in the grip of anxiety.
Human emotions are very powerful, and if not kept in check will cause us to make some pretty poor decisions. So if you find your emotions getting the best of you, go through this quick checklist. Remember what Helen Keller once said,
“Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved.”
1- RELAX. Tell yourself it’s ok to be anxious. Welcome to the human race. You’re not supposed to feel good about draw downs, but if you want to win the game, going through draw downs is the price you pay to win. It is the difference between the winners and the losers.
DO WHAT’S RIGHT NOT WHAT’S COMFORTABLE.
2- Remind yourself of where your overall uncle point is, and if you are not there, then tell yourself that this is another routine set back, part of the process of winning.
CHANGE YOUR PERSPECTIVE ABOUT WHAT IS REALLY GOING ON.
3- DONT TAKE THE SITUATION OR YOURSELF TOO SERIOUSLY.
Have you ever noticed that once you’re through a draw down and your account is at new equity peaks you can’t even remember the pain in the same way? It seems like it was just another routine part of playing the game to win.

Futures trading involves risk. People can and do lose money

This is a post from my colleague Charles Maley. Charles has been in the field for decades. I have learned a great deal from him and want to share his knowledge.

Viewpointsofacommoditytrader.com

Futures trading involves risk. People can and do lose money


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