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Trading Words of Wisdom By Yoda

Over the next couple of weeks, we’ll be sharing some quotes by one of the wisest creatures of all-time: Master Yoda. Yoda_SWSB

His words might have been intended to restore peace to the galaxy, but if you follow his council you will also find the force in your trading. So keep an eye out for the top ten trading words of wisdom from the Emperor’s ‘little green friend.’

Trading Words of Wisdom #10: “That is why you fail.” The Empire Strikes Back

No matter the situation, Yoda will tell it to you straight…in his backwards speech sort of way. Anyways, when Luke utters the words, ‘I don’t believe it,’ after Master Yoda raises his X-wing from the swamp, Yoda replies with these poignant words of wisdom: “That is why you fail.”

We are often told that the sky’s the limit, but really it should be your mind that is the limit. When you decide for yourself that you’re going to do something, you’ve overcome the hardest part. Believing, or trusting, in yourself is the first step to learning how to trade successfully. We’re confident in all of our traders ability to overcome any challenges they’re currently facing, and we’re here to help you! You can do hard things!

Happy Trading, and May The Force Be With You!

For Quote #9 click here

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Apiary Fund Resolutions

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It’s the beginning of a new year, and this means overflowing rec center parking lots as gym memberships increase along with work hours, dieting, and library cards as everybody desperately tries to hold onto their New Year Resolutions. It’s also a nice high volatile time for the stock market (even though this year had sort of a rough start, thanks Janet). Did your New Year resolutions include anything about helping you improve your trading? If so, we want to hear them!

Here’s what some of us around the office are working on:

Shawn Lucas– Lose weight and grow out my beard!

Dakota Andrews– Pass beeline to funding

Jacob Johnson– Develop a consistent trading strategy I have confidence in, get married and treat my wife like a queen, be profitable every month, and earn enough money to build a shipping container in the woods

Vilas Yang– Trade better by improving trading set ups (working with others), once I get this down the rest is going to be good!

Brian Lloyd– Double my trading account and profitability, and help others achieve their goals

Ron Evans– Become better at long term trading

Allisa Daybell– Spend as much time with my family as possible, and get three consecutive months of profit

Paul Allen– Become funded with Apiary by June 1st

As you can see, there’s so many goals we’re working together here at the hive! I hoped you noticed that most of the goals about trading were pretty specific–that’s one of the first steps to effective goal setting. Please share with us what resolutions you’ll be working on this year, and if there’s anything we can do to help!

Happy Trading!

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What An Old Fisherman Taught Me About The Markets

One of the greatest investors of all time had to be Noah…  They say Noah was able to float his stock while the rest of the world was in liquidation.  Impressive, eh!  While he may have been a good investor, he couldn’t have been much of a fisherman.  Why?  He only had two worms.

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If you’ve spent much time with a rod and reel, you might be quick to recognize the many lessons the sport teaches us about money in the market

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Here’s a short story about what an old fisherman – not Noah — taught me about the markets!

Link to Short Story:

http://issuu.com/apiaryfund/docs/apiary-fund-old-fisherman

Enjoy, and Happy Trading!

-Shawn

 

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Warning: This Post May Cause…

Disneyland Prop 65 WarningCAUTION

We all know everything in California is known to cause cancer, right? How could you miss it when there are warning signs posted on your grocery bags, in your hotel room, a restaurant, and even as you enter the Disneyland Resort. If simply entering the state is known to ‘cause cancer and birth defects,’ then why do 38.8 million people live there?

And we all know trading forex is dangerous. The warning that a bunch of power hungry wall street suits are scrambling around just to steal your money. You might as well be gambling, right? Then why are millions of trading transactions taking place every day?

Trading Forex is about as dangerous as going to California for vacation. Sure,  California has the potential to be harmful…if you go around licking signposts, eating wrappers, and sunbathing without sunscreen. Trading Forex might not be as relaxing as a nice trip to California, but it’s not a dangerous slot machine either. As long as you follow some common trading sense rules, you’ll avoid the substantial losses that instill hefty doses of fear in each of us.

Take time to learn how to trade safely, and you don’t need to fear the market. The Apiary Fund teaches and funds traders in the currency market, so you’re covered as you start the learning curve that comes with a new skill. Learn more at apiaryfund.com

Happy Trading!

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Why The Little Guys Can Still Win In The Currency Market

Bigger is better, right? Well, traditionally, yes. However, sometimes a new way or an original idea is just downright better than conventional methods. Take, for example, a fight between the big guy and the little guy. What advantages does each one have, and who will win?

Big Guy Little Guy
Muscle Mass Not muscle bound
Powerful hits Fast, successive strikes
More damage per connection Better angle for body striking
Better long range Better short range

 

Take a look at this epic fight from Sherlock Holmes 2:

Even though he’s up against a larger opponent, Sherlock effectively uses his speed and strategy to make quick work of that guy! I wouldn’t want to be on the wrong side of team Sherlock. Ever.

Now parallel this to The Apiary Fund. We’re definitely a smaller company made up of the little guys. Most of our traders don’t have years of schooling and finance degrees under our belts; however, we aren’t hung up in corporations, worried about whether or not the new kid in the next cubicle is out trading us, or whether or not we’ll still have our jobs at the end of the month. We don’t have to move massive amount of money bulk: our smaller individual portfolio’s can quickly jump into the perfect set up for a quick jab at the market. You’re free from corporate stress while still enjoying the benefits of having a company back you up! You guys bring us the ‘Little Guy’ advantages, and together we create the ‘Big Guy’ perks (for example, everyone coming together and shorting the euro at the Manhattan Beach Summit).

Also, please note Sherlock’s line, “This mustn’t register on an emotional level,” and then how he mapped out his strategy and followed throuh. Remind you of something you’ve been told a hundred times?? 😉

Happy Trading!

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Apiary Manhattan Beach Summit

On October 26th, 9:00 pm West Pacific Time, a crowd gathered on the Manhattan Beach pier.

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A passerby stopped to see what the excitement was about, and imagine their surprise when they found Nate, Todd, and myself sitting comfortable on our UCLA camp chairs and using a Verizon hotspot to trade the Asian session, which was making its own waves—3 ticks up 2 ticks down.

 

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It’s not that we expected to make much money during the doldrums of the Asian session, but we wanted the experience of trading on the beach!  And we had a blast!  We were 30 bees on a beach–with a whole lot of curious bystanders!  It wasn’t the fastest trading of the day, but it was profitable with some 54 pips of combined profit by sessions end.

That was just one highlight from the Manhattan Beach summit, some others were:

On Monday morning, Melinda predicted the close of the Wednesday 10:59am candle would be 1.1064  – The actual close:  1.1065.  She came within 1 pip of calling the actual close!  Impressive analysis, Melinda!

We split the summit attendees into 6 teams, and each team created their own trading strategy–presenting the strategy to a shark tank of Nate, Todd and Shawn. Our jobs were to choose a strategy, and trade it in a competition on Wednesday morning. The winning system: Bollinger bands made 2 winning trades for a total of 11 pips!

4 of the 6 trading of the participants’ strategies were profitable!

Todd pulled out 233 pips of profit in the Tuesday morning trading session.  He was kind of quiet most of the morning…  When confronted, he admitted he was trading.  We told him there was a program for that!

In the spirit of crowd intelligence, we set up an experiment and polled the room to see how the USD would respond to Wednesday’s Fed Announcement.  37 of the participants said the USD would strengthen, while only 12 said it would weaken. We shorted the EURO, and made some quick money on Wednesday!

But the best part was watching our outstanding Apiary traders develop confidence in their own trading strategies! We’d like to send a HUGE shout out to all the traders who attended the LA Summit; we learn just as much from spending time with you, and it was a real privilege to trade with everyone who attended.

Thanks again, and Happy Trading!

-Shawn

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Bunnies and Money Management

It is essential to understand money management before you enter the market. In fact, learning the essentials is important before you try anything. I learned this lesson years ago while caring for my neighbors animals.

babybunnyLast summer, my neighbors went on their annual camping trip to Beaver, Utah. Every year they ask me to take care of their pets while they’re away. The number of pets they have is always growing, and that year consisted of 12 chickens, 2 fish, 1 cat, and 4 bunnies. I never have, and am doubtful that I ever will, own a pet, but I agreed to help them out. I received 3 pages of typed instruction, and training on how to place the labeled chicken food into the labeled chicken pen using the labeled chicken scoop (I may have accidently mixed up the cat and chicken food the year before). I even practiced feeding the chickens with their daughter two days in advance. They left feeling reassured that not even I could mess up their detailed instructions, and I watched them go feeling confident in my ability to keep their animals alive for five days (one year the cat jumped into the fish tank, resulting in a decrease in the fish population).

The next day: I fed the fish, I fed the cat (not the fish), I fed the chickens, gathered the chicken eggs, and opened the door to the bunny cage. Unfortunately, the bunny in there ran out as soon as the door was opened, and I spent the next hour chasing it around the backyard. Finally, with the bunny safely in my arms, I returned it to the cage with the other bunnies. I replaced the food and water, and left feeling like a champ.

The next five days passed uneventfully, and I was delighted with my success. My neighbors returned, and immediately checked to see if their dear pets were still alive. I happily informed them that they were all alive and well. Their daughter, inspecting the bunnies, turned around and said, “Mom? Why is the boy bunny in with the girl bunnies?” One month later, they had 34 baby bunnies.

Truthfully, I’m uncomfortable with animals. They sound easy to take care of, and I had the instructions and means to take care of them, but I had no experience or any idea on how to actually handle them. Now, relate this to money management. I know it can feel like a stretch comparing caring for animals to your money (though I wish my money could reproduce as fast as those rabbits), but the similarity isn’t between animals and money. It’s between knowing how to handle and care for them.

Proper care and handling of money in the markets is key to successful trading.  In the same way improper handling of the neighbors farm resulted in unintended consequences, improper handling of money can have unintended effects – loss of capital, longer hold periods, lost opportunities.  However, with some basic knowledge, a good set of instructions, close attention to details and discipline you’ll discover that you can manage your results with much greater control…  And who knows, maybe your monies can grow like bunnies.

Happy Trading!

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The Traffic Laws of Trading

 Awww yeah, that would be life. Cruising down the highway in your sleek new ferrari… or maybe not.

ferrari-458_lA few years ago, a driver of a candy red Ferrari Testarossa managed to nail a $290,000 speeding fine while driving 85 mph through a village in Switzerland. In Switzerland, they base their speeding fines off of income, and since this was a repeat offense they were not messing around. After reviewing the case, the court said, “the accused ignored elementary traffic rules with a powerful vehicle out of a pure desire for speed.” That’s a high price to pay because you forgot one of the most basic traffic laws. speed_limit_25_sign

We can all relate to the pit that drops to your stomach when you look in the mirror and see those blue lights flashing. And while most traffic fines aren’t that hefty, just in the United States they generate between $3.8 billion to $5.4 billion a year in revenue.  Now, relate this to your trading. How many times do we let our emotions, or our pure desire to make the trade work, cause us to forget one of the most elementary trading rules-get out of a losing trade. When we get emotionally involved in a losing trade, we get caught-and you’ll end up with a ‘ticket.’ Just like the driver of that candy red Ferrari let his desire to go fast cloud out the danger (and high price) of speeding, we can forget that taking a small loss is better than big one. So just slow down, follow the traffic rules of trading, and have a good day in the market!

Happy Trading!

One way to not get caught in a losing trade is to have  trading plan or a set of rules you follow when you trade. Here’s the link to a couple of our blog posts about having a trading plan.

http://www.apiaryfundblog.com/how-to-form-a-trading-strategy/

http://www.apiaryfundblog.com/take-market-come-top/

http://www.apiaryfundblog.com/our-philosophy-on-success/

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Good “Luck” Trading

If good trading is all about luck, then Apiary has sown the seeds for success…  quite literally!  About a year ago, Shawn had a vision of turning an ordinary fescue lawn into a factory of four leaf clovers!  While most gardeners might balk at the idea of purposefully growing clover, (clover is considered a weed in most places) at the Apiary Fund we find it quite delicious. With thousands of hungry bees working at the office (mostly real bees, and a couple of human bee-ings) nobody balks at a fresh batch of clover honey – or a fresh batch of clover juice – to keep the trading session lively!

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We got a new juicer for the office Monday and tested it out with a frothy glass of  “Luck O’ the Irish”  clover juice – straight from the lawn!  Disclaimer. We don’t actually know if drinking freshly juiced four leaf clovers will give you luck in the market but we figured, hey, it couldn’t hurt!

Obviously, there are other great ways to find success in trading that don’t depend on ‘good luck’ charms.  Trading forex isn’t about magic tricks or superstitious rituals and it’s definitely not based on luck like the slot machines in Vegas.  Instead it’s honest, consistent effort and discipline that will bring home the green in the currency market!

Here’s some links to a couple blog posts about being a successful trader.

http://www.apiaryfundblog.com/our-philosophy-on-success/

www.apiaryfundblog.com/8-expectations/

Happy Trading!

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Meet The Newest Addition To The Apiary Family!

Hello everyone! It is a real pleasure to work for Apiary Fund. The environment here is awesome, and I am so blessed to work with great people with great energy, attitude, and an ability to always make you feel welcome.

Let me introduce myself, my name is Xavier Parra. I come from Ecuador: a small country in South America. Located in the middle of the world, Ecuador has nice beaches, mountains, and weather-summer all year long!

Some more about me. I have been in the US for over 10 years, and I enjoy having 4 seasons. It seems like time goes faster when you have 4 seasons (I might be the only one who feels that way, who knows). I have a Masters Degree in Economics, and was introduced to the currency market while studying Macroeconomics. I was intrigued by how currencies interact between each other, so I started learning more about this “mysterious market.”

One of the best things about FOREX (at least from my perspective) is that you are interacting with hundreds of thousands of people all over the world. You can feel the pulse of this market by checking the charts. The market keeps me current on the most important news around the world, because based on the news I can establish my positions (either to buy or sell certain currency pairs).

I am here to help people who share the same passion as me. I want to help people learn to love the things they learn from the market everyday.

Thanks!

-Xavier

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