Most people in life go nowhere that is a given and they go nowhere because even when given an opportunity to make a small difference to their lives they do something stupid. I have had the graphic below sitting on my junk file for awhile cluttered in with all the rest of the detritus I…
Details
Trading is a difficult profession – its difficulty comes not so much from mastering the technical aspects since these are always overstated by the magic indicator fools but rather in coming to terms with the psychological and emotional difficulties that arise. In part, these difficulties arise because of perceptions as to how easy trading is…
Details
Raven, a six-year-old chimpanzee, became the 22nd most successful money manager in the USA after choosing her stocks by throwing darts at a list of 133 internet companies. The chimp created her own index, dubbed MonkeyDex, and in 1999 delivered a 213 per cent gain, outperforming more than 6,000 professional brokers on Wall Street. More…
Details
Japanese billionaire Yusaku Maezawa revealed Sunday he regrets day-trading stocks and losing 4.4 billion yen (roughly $41 million) as the coronavirus pandemic fueled strong market volatility. The founder and former CEO of e-commerce firm Zozo said in a tweet he fell into the trap of short-term trading before learning more about the practice. He also lamented how…
Details
It must be the thought of an extended lockdown doing peoples heads in but I have been receiving a lot of emails about market predictions. Particularly given the US markets gyration last week. As I decided to repost something I wrote many many years ago that looks at how idiot this sort of thing is.…
Details
Tesla competitor Nikola quietly discloses its only revenue source so far: building solar panels for its founder More here – Business Insider Australia PS: The company apparently has a market cap of around $US14B.
Details
Apparently Australian Stock Report is circulating a petition to ban short selling. The rationale for this is as follows – Recently, we have seen billions of dollars wiped from global and Australian equities markets in part due to the practice of Short Selling. This predatory trading technique is often executed in conjunction with algorithmic “bot trading”…
Details
One of the things that perpetually surprises me about trading and investing is the amount of absolute and utter rubbish that is spouted by people as if it were fact. The Dunning-Kruger effect is in full swing in market commentary and advice. This is old ground to those of you who are regular readers so…
Details
I can understand why people misunderstand what technical analysis is when they are confronted by immensely confusion gibberish such as shown below. This is a snip from the normally informative site Barchart.com – consider the breakout box on the right-hand side which is titled Barchart Technical Opinion. I have two questions – what is a…
Details