It is our belief that anyone can trade like a pro if they have an able mentor to guide them. This idea is prevalent in every way we service you. While some firms are happy to execute great trades for you, we feel the real benefit to engaging us as your broker is our steadfast determination to make you a great trader.
At Slipka Trading, you will find our educational process has several dimensions. While your broker is always there to give you advice on trends and potential trading strategies, we also offer you useful materials such as:
- The Daily Trade Blaster - Our daily e-mail newsletter featuring 36-year trader Peter Kordell as your guide to the commodity futures market. You'll follow Peter as he makes trades in his own personal account while getting tips on trading methods and strategies.
- The Novice Trader's Manual - This 74 page intoduction to trading futures contracts written by our own Peter Kordell. This manual is integral to understanding the ins an d outs to these markets and is free when you open an account.
- Trade Alerts - As our client, you can choose to recieve trade alerts through your e-mail, phone, or voicemail. Unexpected dips in the market can mean real possibilities for your strategy.
- Market Research - As our partnership with ADM Investor Services, Inc., allows us access to their research, we wish to extend this information to you, our traders.
Help for the Novice Trader
At Slipka Trading, Inc. we offer substantial assistance for novice traders. With over 60 years of trading experience between David, Steven, & Gordon, and Jereme, we can help you understand the pitfalls of trading on margin, where the leverage is usually around 20 to 1. That means a 10% change in the price of a commodity could mean a 200% loss for anyone who is positioned in a futures contract. When you trade on margin, you can lose more than you invest. Understanding the risk is important if one is to become a confident and competent trader.
No matter what trading strategy you use, it is not how you get in, but how well you get out that makes the difference between profit and loss. In all of our years of trading, it is the investor who knows how to manage the risk of trading that is most successful.
In our opinion, the keys to successful commodity trading are:
- Don’t let an adverse price move force you out of your position.
- Try to use option premium income to pay for the options you want.
- Have a good exit strategy that can produce profitable trading ratios.
For a further discussion of these important principles, give us a call. We’ll spend as much time as you need to help you understand what it takes to be a knowledgeable trader in this exciting and dynamic investment market.