Recently my spam filter caught an email extolling the virtues of covered call funds. I have been aware of these sorts of funds for a while but have never paid them much attention for reasons that will become apparent in this piece. The website I referenced defines a covered call ETF as the following –…
I’ve got a cool story for you about a tech startup that you might not have heard of before. It’s called General Magic, and it was founded back in 1990 by a group of people who went on to create some of the most well-known tech products in the world. When the General Magic alumni…
Unfortunately, most of the material you encounter regarding trading is skewed towards ever decreasing time frames. This is probably reflective of the capacity of data to now be broken easily into time frames, the profoundly short attention span of the majority of traders, and the inability to step back and look at the bigger picture.…
The act of trading requires traders to perform certain feats of mental gymnastics that at times seem to generate a paradox. You have to have sufficient conviction with a signal to both take a trade and hold a trade against the noise of the market but at the same time have so little conviction that…
In this episode, Louise Bedford is interviewed by Jason Cunningham on his Save My Business podcast. Jason and Louise sit down to discuss Louise’s career, her insights on the world of trading, and her tips for success.
One of the key behaviours traders should get into is revising their past trades to see what lessons can be taken from them. These lessons should be viewed through the lens of a simple question – are you listening to the market or are you in some way attempting to impose your opinion on it?…
When Simone Biles pulled out of the gymnastics events, she brought an unprecedented focus on the psychological challenges of elite sport. One of the greatest athletes of all time had decided to prioritise her mind over the will – and enormous pressure – to win. “There is more to life than just gymnastics,” she said. After taking…
When we embrace discomfort, it changes how we handle the tough stuff. A study that came out after the book was finished largely validates this sentiment. Researchers had individuals do some of the hardest things in modern society: consider political viewpoints from the opposite side of the aisle on the most controversial topics. When researchers primed subjects…
My daughter is soon due to change schools and I recently spent an hour being shown around a potential destination for the next seven years of her education. As we were being told about how many lunch options there will be available each day, my mind started drifting off into the topic of decision making…
Every now and again graphics like the one below will pop up. They show either the NDX chart year to date, the top 10 stocks in the NDX year to date, or a combination of the day. Apparently, this is meant to represent some great form of moral hazard that we are being informed about…
‘Action’ related metaphors are so seductive. Plus, when you’ve been exposed to the money script that being in the markets is glamorous and action-packed, it makes you less likely to see the reality of what it takes to trade effectively. Watch the metaphors you use in relation to trading, or live with the consequences.
Chris Tate says: “According to the Australian Financial Review, stockbroking is in crisis. My immediate thought is who cares? This is my somewhat ranty response to the article which gives numerous reasons as to why stockbroking might be failing as an industry. I then put in my two cents worth as to why it might…
Let’s take a plunge into the wild world of business and trading! Explore the juicy similarities between these two exciting endeavours, like the vital role of risk management, the epic power of strategic thinking, and the need for a boss-like mindset to achieve. So, grab your coffee, sit back, and let’s get into it!
One of the main challenges faced by professional investors is that good behaviours are often in direct conflict with our own interests. This is either because our incentives are misaligned – what’s beneficial for the business or my career is not necessarily good for my client – or we feel compelled to meet the erroneous…
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