Commodity & Derivative Advisors

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Commodity Trading with Andy Waldock

This site has been created to host the wide variety of endeavors required by the commodity futures trading of Andy Waldock and his desire to to help others in their pursuit of successful commodity trading.

Andy Waldock began his career in commodity trading right out of high school, starting as a runner on the Chicago Mercantile Exchange shortly after his 18th birthday. Having been brought up in the family business of Lind-Waldock & Company, commodity trading was, "in his blood," from an early age, so to speak. The importance of starting as a runner and making minimum wage, was not lost on him. Working his way up from the bottom, as opposed to the second generation of commodity traders who were brought in at the top, was just a result of being raised in a small town like Sandusky, Ohio. The three year process of climbing the clerking ladder from runner to phone clerk to arbitrage clerk and, finally clerking for a broker, served as an apprenticeship to the ins and outs of floor trading. The relationships made during this time were crucial to developing an understanding of how the commodity markets functioned. 

Andy began trading commodities in the S&P 500 pit of the CME shortly after his 21st birthday. Much of what Andy learned early on was a direct result of getting to know his fellow traders. After five years of trading futures and options in Chicago, It was time to move back to Sandusky, Ohio and enroll the first of his three boys in school in the family environment he grew up with.

Moving off the floor coincided with the with the electronic trading boom. The future had been seen as Andy witnessed the early development of electronic order routing with Lind-Waldock as well as the inception of the Globex markets and fully electronic trading while still in Chicago. Using this experience, Andy began to work with Tradestation and taught himself how to program and test commodity futures trading strategies and algorithms. Andy began putting these electronic commodity trading systems for work in his own trading account in the late 90's and published the top ten performing DCB Bond trading system in Futures Truth in January of 2000.

Andy's market research, analysis, programming and commodity trading has continued to evolve and has been featured in Futures, Futures Truth, Business Week, Forbes, Trader Planet, Money Show, Consensus, etc. His Tradestation futures programs and research range from purely technical systems like the DCB Bond, to psychological methodologies capitalizing on market flushes as well as greed and panic. The day trading system he created using the VIX Index to measure investor sentiment as well as a breakout level to calculate their action is still part of his regular trading. Over the last few years, Andy has focused his research on Commitment of Traders data. This has allowed him to combine market fundamentals via commercial traders' interpretation of their own markets with his own neural network to signal actionable trade recommendations in the futures markets. This work is summarized in COT Signals and is also part of his day trading due, in part to its 65% winning percentage. 

2007 marked the end of Andy Waldock's commodity trading relationship with Lind-Waldock. Lind-Waldock had been purchased by Refco in 2000 and continued to run in a normal fashion until Refco went public in 2006. Shortly after their bankruptcy, Man Financial swooped in to buy the Lind-Waldock name and the good faith it had generated in the commodity markets for more than 40 years. The powers in charge after multiple ownerships decided that neither the Waldock's, the Lind's nor, the Sandusky, Ohio commodity brokerage office were necessary parts of Lind-Waldock. At the continuing request of former clients, Commodity & Derivative Advisors was started in July of 2007.

DISCLAIMER: This information is not to be construed as an offer to sell or a solicitation or an offer to buy the commodities herein named. The factual information of this report has been obtained from sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to the accuracy, and is not to be construed as representation by Commodity & Derivative Adv. The risk of loss in trading futures and options can be substantial. Each investor must consider whether this is a suitable investment. Past performance is not indicative of future results. Read Entire Disclaimer.