Source: Joy of Tech… Continue Reading
Monthly Archives: July 2011
Eliminating risk is not the purpose of trading. Part 1
Earlier this week, as Timmy Giethner was speaking he made it a point to bash banks. He said something along the lines of we need to remove risk from the banking system. I am still perplexed why he said that but I think it is a general misconception of people that risk is always bad.… Continue Reading
Video: We talked debt ceiling, change of direction, and identifying the leader.
In this week’s Q&A we talk about how the debt ceiling could effect the markets, how a professional transitions from long to short and and vise versa, we also talk about the importance of identifying the leader. We are live every 1ET on Wednesday taking your questions here. Also, if you are interested in learning… Continue Reading
China is not only ripping off the iPhone they are ripping off a whole stores.
Last night, 9 to 5 Mac reported there is a fake Apple store in China. I am not sure what to make of this but I cannot stop laughing. Best quote from the story? Being the curious types that we are, we struck up some conversation with these salespeople who, hand to God, all genuinely… Continue Reading
When it is OK to chase the market.
There was a tweet after the AAPL earnings saying “do not chase it”. In all fairness to the tweeter I am not sure if they were speaking of AAPL or not. After a little probing to find out exactly what was meant by the tweet, at last the trail went cold. It is hard to… Continue Reading
Diversified reads feat. @rougetraderette @thearmotrader @derekhernquist @chessnwine
In Rogue Traderette’s latest post, Ed Seykota and Onions, she explains Ed Seykota’s quote about how everyone gets what they want from the market. I love her analogy with an onion. I find that when it comes to trading advice you have to get through at least three layers of onion (asking why’s) before there… Continue Reading
As traders, this is what we are certain of about the market or trading.
A few weeks ago I started an open thread, What are you certain about the market or trading? I started with a few of my own: If I do not take it will take from me. You are only as good as your last trade. Rigidity and complacency ends careers. Always get paid for taking risk.… Continue Reading
Right now is the best time ever to be a trader.
The opentrader.com commercial is making the rounds again. I am glad that it is stirring up the pot. I will write a response to the responses at a later day when I more calm. Moving on, I like the angle that Barry Ritholz took in his article How Hard is it to Become the Michael Jordan… Continue Reading
Myth vs Fact Debt Limit
Here is an excerpt of MYTH vs FACT as put out by our esteemed treasury department. MYTH: If Congress fails to increase the debt limit, the consequences would not be any worse than the effects of a government shutdown. FACT: If Congress fails to increase the debt limit, the government would default on its legal… Continue Reading
If you publish online, you should know this about google +.
I signed up for google plus because well all of the cool kids are doing it. I don’t really want another social network. But if you publish it is must. I generally release a post in several waves. I will do it in the morning, it will go to linkedin and facebook. Then I will… Continue Reading
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