Unfortunately the archetypal image of a trader is of an individual who is constantly on the move. In the old days the appearance of a trader would include the endlessly repetitive scenes of someone yelling down the phone to their broker issuing a constant stream of instructions. Nowadays the image might be of someone using…
THERE’S AN OLD adage – “Let me fall if I must fall. The one I become will catch me”. When we’re going through the swamp, we forget we can grow because of it. After a traumatic event, half of all people report at least one positive change (compared with 15% who develop Post Traumatic Stress…
I LOVE LISTENING to Chris Tate talk with our traders. A crazy blend of harsh life advice, and raw trading tips. Here are some quotes I feel will set you up beautifully for the month: “You won’t have a life-changing trade based on a 5-minute chart. If you’re only trading short-term, you’re trading for cashflow,…
“BUT I’M TIRED.” Yeah… I get it. It’s hard to ‘adult’. But as an excuse for NOT learning about the markets, it’s piss poor. You are the sum total of all the decisions you’ve made in the past. What you see in your life right now is the result. It’s ‘excuses’ or ‘results’. There is…
IF THERE’S ONE THING that the banking Royal Commission into Banking, Superannuation and Financial Services Industry has shown us, it’s that we have to take more control. We can’t trust the big corporations to have our best interests at heart. Heck… the recent shenanigans show that we can’t really trust they won’t break into our…
Abstract This paper compares mortality between Gold and Silver medalists in Olympic Track and Field to study how achievement influences health. Contrary to conventional wisdom, winners die over one year earlier than losers. I find strong evidence of differences in earnings and occupational choices as a mechanism. Losers pursued higher-paying occupations than winners according to…
What prompted me to revisit this topic this is that once again my inbox is being bombarded with stuff about the magic of ETFs – it seems the gloss has completely gone from cryptos so we are back to old standard. The problem with most of these genius ideas is that they lack depth –…
I am in the process of finishing up my presentation of the IFTA conference in Kuala Lumpur in October. My topic is a bit of an exploration of volatility and how it is incredibly poorly understood by most. Whilst in the throws of banging together charts I generated the one below of the S&P/ASX 200…
The opinion research organization Ipsos MORI conducted a detailed survey of 26,489 people across 28 countries that gives us an answer.1 Most people think global poverty is rising when in fact the opposite is happening The first chart shows how the surveyed people answered the following question: “In the last 20 years, the proportion of the world…
Whilst there is an undoubted convenience to digital music there is also something missing from this distribution form. Back in the day owning a record was a cultural experience that was shared by those around you – this was particularly true of owing albums. An album crafted a narrative that went beyond the music and…
I have had a bit more fun playing with indices and the theoretical rate of returns they generate over the long term. This time I wanted to look at a different segmentation within the market – I split the All Ordinaries Total Return and the Small Ordinaries Total Return and looked at their relative return.…
Sean K came up with a brilliant traders playlist in the MP forum Mindset:- Hang in Long enough – Phil Collins (love the sentiment…) Comfortably Numb – Pink Floyd (the impassive, unemotional state we aim for as traders) Learning to Fly – Pink Floyd (reaching for higher goals) Dreams Don’t Turn into Dust – Owl…
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