By Grant Mercer
This is the reading room of a working library: professional education for experienced futures and commodities traders, published one essay at a time.
Most trading education teaches entries. This library teaches survival — the twelve kinds of risk that live inside every futures position, the hedges that hold under stress, and the position sizing that decides whether a bad week is a lesson or an ending.
What you will find here
- The markets' hardest lessons, studied properly. The great corners, squeezes, and blowups — the Hunt brothers' silver corner, the LME nickel squeeze, Amaranth, MF Global — taken apart piece by piece, so their lessons cost you nothing.
- Risk. How professionals define risk before they define opportunity, and decide, before they place a trade, how much they can afford to lose on it.
- The trader's tax. The Section 1256 rule, its 60/40 treatment, and the traps that catch commodity traders every filing season.
- Process. Journals, reviews, and the habits that separate a trading practice from a run of luck.
Start with the book
The library begins with Futures Under Fire: The Complete Commodities Trader's Guide to Risk, Hedging, and Position Sizing by Grant Mercer. Chapter One — the real opening of the book — is free. The full book, in paperback and hardcover, lives in the bookstore.
Then come inside
Titan Elite Trading Inner Circle is Titan Elite Trading's free community — reading rooms by market (Energy, Metals, Grains & Oilseeds, Softs, Livestock, and more), the full course library with its opening modules free, and a desk that answers questions.
A new essay every day
One essay publishes here each morning. The weekly newsletter gathers the week's reading into a single letter.
If you trade futures, you already know the markets charge tuition. This library exists so you can pay it in reading instead.
— The Titan Elite Trading desk
Educational content only — not investment advice. There is a substantial risk of loss in trading commodity futures. Only risk capital should be used.