Unfortunately, when it comes to understanding random phenomena, our intuition often lets us down. Take a look at the image below. Before you read the caption, see if you can pick out the data set generated using truly uniform random numbers for the coordinates of the dots (i.e., for each point, independent of the others,…
This list is taken from the following article – Seven considerations before selling shares 1. You have achieved your investment goals 2. The investment case has changed 3. It’s time to rebalance 4. You have made a mistake 5. Be alert. Is it your emotions selling? 6. Consider taxes and costs 7. Enjoy the journey…
The capacity to execute under pressure is one of the key components of any high performance endevour. In trading vapour locking at the wrong time can see the end of your career.
Sensible lessons about life and investing in general are few and far between. The big money is not in the buying and the selling, but in the waiting. People calculate too much and think too little. Those who keep learning, will keep rising in life. (also: If you keep learning all the time you have…
Ask a novice what the most important thing in trading is and you will probably get the response – it’s whatever moving average is flavour of the day. Wrong – it is how you manage both your trades and yourself. Markets can generate extraordinary wealth but they can also take that wealth away if you…
Victor Sperandeo is a legendary trader and excellent financial commentator based in the USA. Sperandeo has over 45 successful years on Wall Street in trading independently with his own money and on behalf of big names and other notable investors such as Leon Cooperman and George Soros. He has managed futures trading for EAM Group…
One of the most egalitarian things about markets is that everyone has access to the same information. Sure there are occasional instances of insider trader and pump and dump schemes surrounding dodgy mining companies that always seem to originate from Western Australia. But the numbers we all see on a daily basis are the same…
Compared to other professions trading is reasonably simple. It certainly doesn’t compare to professions such as being a pilot, a brain surgeon, or someone who is highly skilled with their hands at creating physical objects. That is its great attraction it is an equal opportunity employer that offers you a job governed by a few…
The Mentor Program is a 6-month, repeat-for-free, comprehensive training course for traders of all levels – and our results speak for themselves. When we opened up for booking for the 2024 Mentor Program, there was a scramble. A flurry. A crazed run at the gate as people came on board. You are going to want…
Harry Markowitz is reported to have said that “diversification is the only free lunch in investing”. This is the notion that holding a broader range of assets can result in better returns without assuming more risk. Over the decades this has become accepted wisdom – but it is not true. Diversification isn’t free; it is…
Whenever we are presented with a piece of data we are limited in the conclusions that we can draw from that data. For example, consider the chart below of CXO – The only conclusion I can make is that over the time frame being observed and the tools being used the price is currently in…
When we opened up for booking for the 2024 Mentor Program, there was a scramble. A flurry. A crazed run at the gate as people came on board. The Mentor Program is a 6-month, repeat-for-free, comprehensive training course for traders of all levels – and our results speak for themselves. You are going to want…
It is often strange how two disparate thoughts coalesce into some form of narrative pointing you in the direction of something. Coincidentally I came across an article by some domestic fund manager telling me that because RMD had collapsed it was the buy of the century at the same time I was cleaning out one…
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