Read our strategy article in the TraderPlanet Journal

Trade Futures and Options Like a GirlSee our "Trade Like a Girl" quiz in the Fall TraderPlanet Journal!

“Girls” believe in pressing their luck in the markets, even if they are enjoying relatively easy gains now? 

Answer: FALSE

Beginning traders sometimes confuse skill with luck.  There are times in which you will be in the right place at the right time to make extraordinary profits possible.  If this happens to you, take the money and risk off of the table. 

Regardless of what we think that we know, or even what others think that we know, trading boils down to making an educated guess.  If you happen to be the lucky beneficiary of a windfall profit, don't get greedy or expect that the gravy train will continue.  Letting your ego fog your logic may lead to a situation in which a big winner becomes a loser.

“Girls” attempt to keep past trades where they belong; in the past?

Answer: TRUE           

Whether it is a positive or negative, the past is the past and it should stay there.  Allowing previous decisions to guide future actions in the markets is one of the quickest ways to end a trading career.  The most common form of this is the torture a trader sometimes puts himself through by playing out different scenarios of what could, or should, have happened. 

Dwelling can be a drag on performance or in extreme cases devastating to a trading account.  The fact is: we will never be able to sell the exact top and buy the exact bottom.  This is something that mature traders learn to accept.   The ability to fully appreciate this concept should prevent you from carrying the emotional baggage that comes with the "could have, should have" mental anguish.

Continue reading in the Fall issue of TraderPlanet Journal


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Carley Garner Trading Books

  • Higher Probability Commodity Trading, new Carley Garner book

    Higher Probability Commodity Trading, new Carley Garner book

    According to Phil Flynn, Fox Business News contributor, this is Carley Garner's "masterpiece"! Order from Amazon today! "A great read for both beginner and advanced commodity traders. Carley nails the seemingly impossible task of leveling the playing field by imparting vital concepts in easy to digest bites ...she doesn't leave out the harsh realities and heartbreak many overzealous speculators face." -- JON NAJARIAN, co-founder "I love the book... it's an MBA in trading for the
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  • Commodity Options the Book

    Commodity Options the Book

    It isn't free, but it's close! If this book saves you 2 ticks, you've recouped your investment.   Commodities are hot, as Jim Rogers would say.  Stagnant stocks and the massive bull rally in raw commodities have lured much of the attention away from Wall Street and toward down-town Chicago.  It is difficult to turn on the television or open the newspaper without being reminded of the impact that commodity prices have on our daily lives.   Traders
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  • A Trader's First Book on Commodities

    A Trader's First Book on Commodities

    The Simple, Practical, 100% Useful How-To Guide for New Commodities Traders   Before you trade commodities, you'll need significant practical knowledge of the associated risks and market characteristics. That's where this book comes in. You won't find boring theory or bewilderingly complex trading strategies here. Instead, you will find specific guidance on accessing commodity markets cost-effectively, avoiding common beginners' mistakes, and improving the odds of successful trades. Drawing on her extensive experience teaching traders, Garner shows how to
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  • Currency Trading in the FOREX and Futures Markets

    Currency Trading in the FOREX and Futures Markets

    Get a copy of Carley Garner's latest book at, or any major outlet! "Once again, Carley Garner demonstrates her ability to boil down complex concepts for individual traders. Trading Currencies in the FOREX and Futures Market will put budding currency traders ahead of the curve with its unique blend of the basics and some refreshingly unexpected material." ~ Karris Golden, Traders Press® "Carley is a smart trader and broker; she understands the markets and the importance of
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