Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading

Weve all read about the high rollers who go boom and bust, but this book is different. Packed with straightforward prose, practical knowledge and honest counsel, Diary of a Professional Commodity Trader delivers far more than the title promises. Peter Brandt methodically explains what no one has before: how a dedicated individual can trade for a living. If that is your destination, this is your ticket. Robert Prechter, Elliott Wave InternationalThis book is insanely great. The refreshing clarity this book brings to the table is brilliant. I think this is an amazing, excellent book, one that could help a whole new generation of traders.Jack Sparrow, MercenaryTrader.comThis is the most honest trading book of the last decade. Peter tracks recent trials and tribulations on his path to success dating back to the 1980s. He shares numerous insights into the emotional and technical challenges of trading, right down to his track record over the years. Peter candidly documents a recent trading period. His ultimate success reflects the importance of staying true to a process while still allowing flexibility to modify rules as market conditions change. Anyone desiring longevity in the business really needs to read this book. Linda Raschke, trader, President of LBRGroup, Inc., and coauthor of the best selling book, Street SmartsHigh Probability Short Term Trading Strategies.Almost every book about trading for a living is either fraudulent or boring (or both). This book is neither. Not only is it a good read for anyone seriously wanting to know what trading is really like, it is also very interesting, mostly due to its realtime, diary format. As someone who has done myself what he describes, I highly recommend it. Robert Zellner, Independent trader, former director of Chicago Mercantile Exchange and former CEO, Citicorp Futures CorpTrading is not what most people think it is, as you will find out in this real life experience from Peter Brandt, a wellseasoned trader. You will learn what he looks for in trades, what tells him to hop aboard and how to get out. Well worth reading! Larry Williams, author and trader, www.ireallytrade.comAnyone interested in tradingand not just commodity tradingis going to cherish this book. In a world that tends to become intoxicated with magic formulas Peter Brandt provides the necessary sobering balance: the secret, if there is any such thing, is in recognizing your basic human weaknesses and strengths and working with them, in the context of some relatively simple rules that are effective if you are persistent. The light that Brandt shines on the inner monologue of trading is of incalculable value. There are many ways to extract profits from the markets, but none of them matter if you cant control yourselffor that we need self recognition and self analysis: Brandts detailed diary is like a great novel, revealing the inner life and character of a trader, revealing the kinds of inner understanding we all need if we hope to navigate an ultimately unknowable future. Traders would do well to try to become, as individuals, more like Peter Brandt. Lowell Miller President & CIO Miller/Howard Investments, Inc., author of The Single Best InvestmentMr. Brandt takes the reader far beyond mere descriptions of classical trading patterns. His book offers insights, observations and practical information gleaned from over two decades of consistently successful trading performance. A must read for anyone wishing to enter the world of risk.Daniel Chesler, CMT, President, Chesler Analytics LLCPeter provides a fascinating realworld look at commodity trading. This book is a must read for anyone who contemplates being an effective trader. His exquisite use of charting techniques is spot on. And, of course we could not agree with him more regarding the importance of charts in the traders perspective. Eero Pikat, President, Barchart.com, Inc.A great book for advanced and beginning traders! The professional trading insights that Peter shares can help traders speed up the progress of their own trading by light years. Glen Larson, President, TradeNavigator.comA top trader takes you through the markets and revels how he succeededIn Diary of a Professional Commodity Trader, Peter Brandt provides a playbyplay diary of his 2009 trading, offering an inside look at the difficult process and what it takes to excel at such a demanding endeavor.A longtime trader, Brandt clearly explains his thinking as he searches for the right opportunities and executes trades for 21 weeks. And by utilizing a diary format, he reveals exactly what its like to trade, communicating the uncertainty that surrounds every trade and the discipline required to make tough decisions in the face of losing money. Along the way, Brandt touches upon his philosophy on speculation, market analysis, trade identification and selection, risk management, and much more. Fully discloses the