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DTN
About the DTN machine:
DTN stands for data transmission
network. Based in Omaha, they have over 160,000 units in use by
commodity traders and farmers. A unit consists of a color monitor, a
receiver/ computer and a 3 foot satellite. With a DTN machine you do not
need a charting subscription, newspaper, computer or software to trade.
Everything is self contained and it is delivered to your driveway by UPS
in about 10 working days after you order it.
It has WAY TOO MUCH INFO for me to
describe but I'll give you a few.
- It has full color in every format.
- It has intraday, either 10 minute
delay or instant commodity prices, quotes and charts as well as weekly
charts (going back 5 years) and monthly charts ( going back 20 or more
years).
- You are able to zoom in on every
chart and print them out.
- It draws for you the lines of
retracement, trend lines and allows you to custom program in a
multitude of moving averages and the most popular of developed
indicators.
- You can set alarms to go off if
your entry is hit or if your stop loss is being approached by the
current market price.
- You get raw associated press
stories, national and world weather reports and you have full color
moving radar of the entire nation.
- You can also zoom in on the weather
for your own county.
- There are over 300 pages of
commodity news and information.
- It even tells you how many little
piggies were born to a sow. That's sow, not cow. Our water is not
quite that bad yet. Well I guess it depends on where you live.
- There are audio reports and there
are live call-in question and answer shows where you can hear the
pro's talk about different markets right over the DTN machine as well
as some fella named Baxter Black who tells funny stories.
I was able to triple my commodity
profits when I got my machine and I still use just the 10 minute delay
machine. For the 10 minute delay it costs (at this time) 81 bucks a
month. You'll get a bill every three months. For instant and all the
markets that would serve you best as a commodity trader, it costs just
short of $400.00 a month. They have a 30 day free trial if you want to
take one for a test drive. If you don't like it, just call them and they
will have UPS pick it up and DTN will refund all your money including
the shipping charges.
If you want to take that test drive,
just contact Bruce at the email below and he'll have one sent to your
house. It takes about two hours to set it up and about 3 days to
download all the historical information. If you're serious about making
money in commodities you'll need the right tools. DTN allows me to make
more money and it will you as well. Oh, and as an added bonus?? The
silly thing is tax deductible as a business expense!! Cool!
Take the Trade Updates for a Test
Drive!
Today's Trading Tip
Let’s do a drive-by review of the fundamentals- the underpinnings of
The Methods:
The Methods were selected/developed to serve short-term investors with
limited accounts- $20,000 or less, often much less. Imbedded
within The Methods is the belief that price moves often stall or reverse
at pre-established price support and resistance levels. The Methods are
strictly for technical analysis of chart patterns and price movements.
You must have another source for your fundamental news and you always
want to know what factors are influencing the price in your markets of
choice. Facts can change very quickly.
The Methods insist that your profit potential must always exceed your
risk potential and the proper placement of stop losses is essential. You
must papertrade until you are confident in your analytical ability and
the strategies you choose to employ. You must do your own analysis-
never blindly follow opinions of others. You must never trade with money
that you need to maintain your current lifestyle.
You must be very patient! You must wait for the factors to align
themselves in your favor before placing a trade. Some days- even some
weeks, you will find no such opportunities.
DISCLOSURE OF RISK:
THE RISK OF LOSS IN TRADING
FUTURES AND OPTIONS CAN BE SUBSTANTIAL; THEREFORE, ONLY GENUINE RISK
FUNDS SHOULD BE USED. FUTURES AND OPTIONS MAY NOT BE SUITABLE
INVESTMENTS FOR ALL INDIVIDUALS, AND INDIVIDUALS SHOULD CAREFULLY
CONSIDER THEIR FINANCIAL CONDITION IN DECIDING WHETHER TO TRADE. OPTION
TRADERS SHOULD BE AWARE THAT THE EXERCISE OF A LONG OPTION WOULD RESULT
IN A FUTURES POSITION.
HYPOTHETICAL PERFORMANCE RESULTS
HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO
REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL,OR IS LIKELY TO,
ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.IN FACT,THERE ARE
FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS
AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING
PROGRAM.
ONE OF THE LIMITATIONS OF
HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED
WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES
NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN
COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING.
FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A
PARTICULAR TRADING PROGRAM, IN SPITE OF TRADING LOSSES, ARE MATERIAL
POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE
NUMEROUS OTHER FACTORS RELATED TO THE MARKETS, IN GENERAL, OR TO THE
IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY
ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND
ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
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