A comment appeared in relating to this piece I wrote the other day and it deserves a fuller explanation. I will state at the outside that it is my contention that if you listen to the financial media and the sell side of the finance industry you will never get anywhere. And as a first…
A question popped up in the Mentor Program that related to what to do when related instruments all gave the same signal, in this instance the culprit was various JPY related pairs. I had not looked at FX correlations for awhile so thought I might stick a few together and see if they told me…
Sometimes I feel sorry for traders/investors who need to construct a narrative as part of their investment process. Whilst you are cocooned inside your own delusional story you would never know whether your story is the right one and is the one the market has chosen. As an example consider the year to date moves…
This is an early contender for the worst piece of financial advice of the year. My advice…..do exactly the opposite. The financial press Whether you decide to be a “passive” investor, and put all your money in index funds, or you choose to be an “active” investor, and trade the market, you should know where…
At the age of 105, the French amateur cyclist and world-record holder Robert Marchand is more aerobically fit than most 50-year-olds — and appears to be getting even fitter as he ages, according to a revelatory new study of his physiology. The study, which appeared in December in The Journal of Applied Physiology, may help…
Short-term memory dominates all tasks—in cooking, for instance: I put the water to boil in a pot on the stove and remember that the water will boil while I chop the onions. I will put the sauté pan on the stove to heat up the oil for the onions, and I will then put the…
Bloomberg recently breathlessly trumpeted the following regarding hedge fund behemoth Bridgewater – Ray Dalio Makes Clients $4.9 Billion in 2016 as Paulson, Soros Falter Their article was accompanied by the following table of returns – When you look at the table $4.9B is a lot of money in absolute terms and it is here that…
In 2015 Doreetha Daniels received her associate degree in social sciences from College of the Canyons, in Santa Clarita, California. But Daniels wasn’t a typical student: She was 99 years old. In the COC press release about her graduation, Daniels indicated that she wanted to get her degree simply to better herself; her six years of school during that…
This Is Spinal Tap co-creators Christopher Guest and Michael McKean, along with the 1984 film’s director Rob Reiner, are now co-plaintiffs in Harry Shearer’s lawsuit against Vivendi and StudioCanal after allegedly being denied rightful profit participation from the rockumentary classic. On Tuesday, an amended lawsuit was filed in California federal court that also ups the damages demanded from…
I wanted to follow on from yesterdays post and give a more extreme real world example of how thinking in terms of the need to be right is completely wrong but typical of the vast majority of traders. I went back and reviewed some results from the Dow from 2014 – this year stuck in…
Is can you be too stupid to trade and the answer is obviously yes. If you are defeated by how your toaster works then trading is not for you, nor is anything else probably. However, my observation over the decades has been that despite what the industry would have you believe trading is not that…
A lot of my friends are spending the month of January “going dry” or giving up sugar or training for marathons. I can relate. As a Type-A, goal-oriented masochist, I tend to make deeply ambitious New Year’s resolutions each year. Witness Exhibit A: My resolutions from 2016. I’m embarrassed to say that not one lasted…
In this weeks Talking Trading I mention the idea of taking a strategic observation and making some tactical decisions around it. My global overview is that at present precious metals and in particular gold are moving. This is evidenced by my systems generating buy signals across a variety of time frames. It has been awhile…
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