I have always been a fan of Decision Theory – the notion of how we make decisions with varying amounts of information has always been fascinating to me. This should seem obvious since trading is a profession that straddles both normative and descriptive decision making. Normative decision is about making decisions with incomplete information whereas…
It looks like the hedge-fund equivalent of a hostage video. James Cordier, in a dark suit, cuff links and expensive-looking watch, sits in a brown leather chair and stares into a camera, his hands folded in front of him. Then he delivers the bad news. His voice near-breaking at times, the hedge fund manager employs…
Very excited to open our 2019 Mentor Program for bookings! When we opened for bookings there was a rush of people eager to book into the February 2019 Mentor Program. Those people are now well on their way to becoming exceptional traders. They can rest easy knowing that they’ve got us, Chris Tate and Louise…
With equity markets performing reasonably poorly in the short term I thought it may be instructive to look at the YTD performance of a basket of markets. The snip below is from Finviz.com a handy little website that generates performance metrics over time. The unfortunate thing about being an equities only trader is that you are…
Click here to get the full list. Australia comes in at 19 behind the powerhouses of Estonia, Lithuania, Macedonia, Georgia and Malaysia
‘I plan for the 6th order effect and I do it in about half a second.’ If I had heard that from anyone other than another fighter pilot, I would’ve laughed them out of the room but, from my buddy, Jim – I knew it was true. I flown with him many times before. He…
In particular lets talk fake equity curves and by fake I mean either made up (fictitious) or curve fitted ( made up by a machine to look really good) Unfortunately trading abounds with these curves and the internet and particular Facebook is littered with curves that purport to show how someone has managed to turn…
Awoke this morning to note that cryptos had once again fallen out of bed. Coincidentally the good Dr Joe sent me the following t-shirt which he aptly stated was a good t-shirt for people still clinging to the dream of Bitcoin going to $1M – which is a prediction I heard more than once last…
This is a topic that has been turning over in my head for a week now and the reason why it has stuck in my mind will become apparent. Every now and then I get a cluster of emails from people whinging about how hard trading is and I agree trading is a difficult profession.…
It is always interesting to look at how various subsections of a market perform over the long term and to try and ascertain what the implications of this might be. The charts below represent the relative performance of the ETF’s that represent the Dow (DIA) the S&P 500 (SPY) and the Russell 2000 (IWM) over…
I have thought and continued to think a great deal about the relationship between critical thinking and cynicism — what is the tipping point past which critical thinking, that centerpiece of reason so vital to human progress and intellectual life, stops mobilizing our constructive impulses and topples over into the destructiveness of impotent complaint and embittered resignation, begetting cynicism?…
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