Hobofinance.com

Case Study Entry 3
Can a Hobo go from 0 to financially independent in 6 months?
Plan your trade and trade your plan they always say. And that’s what I’m doing here for all to see. It’s not that I want to expose my personal finances but I have a problem with the pool of experts and [...]

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Ok, it’s about time for the second entry in what is to be an empirical Hobofinance case study testing the veracity of Hobofinance philosophy. It will last about 8 months or so, depending on the performance of the coffee market. We’re into the second week of August 2008 and the time is damn close if [...]

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As my old martial arts instructor used to say, “Everyone has a plan until they get punched in the face”. Trading is no different. Well, not true. Traders get punched in the face a lot more often than martial artists. And when they do they tend to hit back by throwing good money after bad, [...]

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Listed below are the top five hobofinance recommended free commodities futures websites.  If you trade or invest in commodities futures it is essential to have accurate up to date information. This doesn’t mean hanging on every piece of news issued; it means reducing your information intake to consistently actionable information and ignoring the rest. Below [...]

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Trading a breakout is a strategy based on the notion of inertia; that an object in motion tends to stay in motion unless acted upon by an outside force. In this case the object in question is groupthink. Stagnant stock or futures prices typically cause lethargy in market participants, with no one willing to rock [...]

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There are two ways of assessing a market’s future direction, both of which are necessary to trade well. The first method is fundamental analysis. The second is technical analysis.  Fundamental analysis looks at real world supply and demand figures for a certain commodity, as well as macro trends in production and consumption. For long term [...]

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The single greatest advantage the small investor (me and you) has over the large investor (hedge fund) is time. The large investor has more knowledge and more capital, but they need to make consistent gains, and therefore they need to keep busy buying and selling, hedging and covering. Over activity is what causes most mistakes. [...]

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Three reasons I trade commodities futures (options) instead of stocks:
1. There are far fewer commodities than stocks.
The simplicity of researching and finding a market with bullish price potential is much easier when you have to sort through only 20 commodities rather than 5,000 stocks. And to simplify further, commodities belong to groups where each member [...]

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