Once in awhile in the course of my
elusive search for the all-mighty dollar, do I stumble across
a worthwhile endeavor. Common Sense Commodities perhaps marks
the end of my quest.
I preface this statement as a natural
born skeptic. Mom always taught me: If it’s too good to be
true. RUN! Thus, when a friend of mine mentioned to me about
David Duty’s course in commodity trading and the results he
was experiencing, I immediately thought of the used-car
salesman’s credo: There is one born every second.
I first contacted Mr. Duty by phone
three months ago and inquired about his methods and course to
trading commodities. After a brief conversation with Mr. Duty,
he explained to me that it is possible for someone like myself
to learn to trade with the right determination. Yeah right I
thought, but figured I’d give it a try anyway.
I am the first to admit, that at the
time, I didn't know the first thing about the futures market,
so I approached the seminar with the advantage of complete
ignorance. Up to then, all I had ever heard about trading
commodities is that it was for gamblers and I would soon lose
all my money. However, the allure of sitting at the coffee
shop and telling my cohorts that I was now a commodities
trader along with the potentials to make millions with a
small amount of capital was too enticing to pass up and fueled
my intrigue.
Upon arriving at the college where he
was teaching, I fully expected in my minds eye to see Mr. Duty
dressed in a silk power suit, slicked back hair and draped in
gold Rolexes with rings on every finger. Boy, was I ever off
base.
David is as down to earth and humble
as the farmers producing the commodities we were there to
learn to trade. Easy going and completely accessible. A
no-nonsense, no fluff kind of guy, David quickly put me at
ease and I was finally able to drop my guard a little. Later,
I would learn to respect and appreciate his demeanor even
more.
David starts out by giving the class a
thorough history of the commodities markets along with a
complete outline of the course objectives we would cover over
the next four weeks. I was indeed impressed at how he was
willing to answer any question posed to him, no matter how
corny they might have seemed. One of the things that struck me
was his true love for the industry and genuine caring about
teaching others to be successful, that he devotes a large
portion of his personal time to instructing others on the fine
points of trading that have taken him years of personal study,
as well as trial and error to perfect. You don't often find
that in today's world.
Over the next few weeks of attending
Common Sense Commodities, (one night a week for two hours) the
course took us through a comprehensive, yet, easy to
understand workbook that David wrote. The instruction material
is filled with many examples of graphs, term definitions and
straight forward explanations on how to recognize trend
shifts. Complete summaries at the end of each lesson drive
home the most important aspects through the quizzes at the end
of the chapters. The underlying theme seemed to be treating
the trading game like a business by protecting your trading
account at all times with stop losses and knowing when to take
your profits and go home.
David preaches paper trading to all
his students. This is the technique of placing and following
your trades without any real money being dropped into an
account until you are certain you have learned the methods of
trading and are comfortable with the process. He repeated
constantly, "If you can't make money on paper first, then
never invest real money in the market." This seemed to make
perfect sense to me.
The course stresses Technical Analysis
or trading using charts to spot market trends. The beauty of
this type of training, is the cross-over ability into regular
stock trading as well as commodities trading. As a matter of
fact, I've been using it on several stocks I’ve been looking
at, and what I learned in his "commodities" class is working
perfectly for me in the stock market too.
At the end of the course I felt as if
I knew just about everything I needed to know to venture in
the markets wisely and confidently. One of the most remarkable
aspects of Mr. Duty’s course is the fact that he is willing to
act as a consultant for follow up advice to your questions.
A few weeks after I finished the
course, I met with David over coffee to review a couple of the
trades I had placed and to get a couple of pointers. He spent
well over an hour with me at a little coffee shop that he
picked out and when I ask him what I owed him for this
"private lesson," he replied; "You can pay for the coffee."
People like this are hard to find. I'm glad I got to meet him.
For anyone looking to learn the
nuances of commodity trading in a concise and no-nonsense
format, I most strongly recommend they contact Mr. Duty to
learn when and where his next seminar will be.Two thumbs up! for Common $ense
Commodities.
R.C. Manning
Contributing Editor Bulletin Board Times
