Bruce Babcock – The Best Mechanical DayTrading System I Know

Author: Bruce Babcock

Bruce Babcock is the Cargill Endowed Chair of Energy Economics, the Director of the Biobased Industry Center and a professor of economics at Iowa State University.

Professor Babcock’s research interests include understanding energy and agricultural commodity markets.

Professor Babcock is originally from Southern California. He received his B.S. in economics of resource use and his M.S. in agricultural economics from the University of California at Davis, and his Ph.D. in agricultural and resource economics from the University of California at Berkeley.

The Best Mechanical DayTrading System

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What is Trading?

Everybody is familiar with the term “trading”. Most of us have traded in our everyday life, although we may not even know that we have done so. Essentially, everything you buy in a store is trading money for the goods you want.

The principles of trading

The term “trading” simply means “exchanging one item for another”. We usually understand this to be the exchanging of goods for money or in other words, simply buying something.

When we talk about trading in the financial markets, it is the same principle. Think about someone who trades shares. What they are actually doing is buying shares (or a small part) of a company. If the value of those shares increases, then they make money by selling them again at a higher price. This is trading. You buy something for one price and sell it again for another — hopefully at a higher price, thus making a profit and vice versa.