Joe Texido is a straight-talking, no-nonsense type of trader.  He doesn’t operate any web sites or online chat rooms.  He doesn’t speak at trade shows and he doesn’t write newsletters or magazine articles.  He doesn’t credit any market mentors for paving his way.

Joe focuses on substance, not style.  He is veteran of 30 years in the futures industry, with experience in sales, trading, compliance and management at investment banks and large Futures Commission Merchants.  He currently manages an execution and clearing desk at a major brokerage firm and is a principal of a Commodity Trading Advisor.

Texido keeps things simple.  His trading is based on a combination of technical analysis, trend following and pattern recognition.  His risk management is tight.  In his WorldCupAdvisor.com program, he trades oil futures exclusively.

Joe normally limits exposure in his WCA program to no more than one round-turn per session. “Usually the model provides multiple entry points during a given day but we choose to trade only once during the session,” he says.  “While we usually trade each day, our screening process sometimes emits a cautionary signal on a trade date and consequently we may decide to remain on the sidelines. 

“This is usually due to the release of economic data that may increase volatility in the energy markets.  Another reason for not participating may be global events that temporarily change the complexion of the energy markets.”

When Joe enters a stop-loss order, it is generally not moved.  There is no “cancel if close” mentality in Texido’s trading.  In addition to the use of pre-determined stops, Texido uses a risk-reward model that sometimes dictates position exits before stop levels are hit. 

The overall objective of Texido’s WCA program is direct and understated.  “Our ultimate goal is to make modest daily returns on a consistent basis while trying to preserve capital, occasionally making the better-than-average trade,” he says.  That’s vintage Joe.