Much has been written about JP Morgans blow up and I have read very little with the exception of Kid Dynamite’s post. The guy is relentless in his research and is way more qualified to talk about it than most people who have. I did not even want to talk about this but the conversation…
Author Archives: Eli Radke
Brief overview of @Stocktwits symposium at Harvard.
Originally if you wanted to learn how to trade futures you had to come to Chicago and try to get a job as a runner. Eventually as the floor has shifted to the screen you were a runner for food and coffee, like I was. I imagine it was similar with stocks in NYC too….
How you define an outcome (losing capital), changes future outcomes.
(From the archives) Redefining or changing a word in a sentence can provide the necessary psychological shift to see things in a different way. This different perspective can lead to different results (hopefully positive). Probably the most common redefined word in finance is “Loss” which is turned into “Investment in Education” or “Tuition”. I am…
You aren’t missing out.
I went to a small high school in a small town in one of the least populated counties in Indiana. I graduated with 67 people. One of which was my step brother. I dated the same girl off and on for 5 years. I am not certain she wanted to get married but I know…
My point was not that the “tough” trader always succeeds.
Whether or not you think the market is rigged, as an individual trader you are more likely to lose money than not (with everything else being equal, which it is not, you lose out on the fees). So your “advice”, like most trading advice, is simply an exercise in nacrissism and self-delusion, aimed to promote…
The contradiction in trading rules and advice.
Teaching is hard. I look back on what I did to my parents, my teachers, and coaches, they had some serious patience. They must have used a bunch of energy trying to get their points across. And of course my personality and lack of experience got in the way. One of the hardest things for…
Don’t be this “trader”.
I was just talking with a “trader” here is how it went. “The market is rigged” “What do you mean, give me an example?” “Well I was trying to be long at X price and it did not trade my price.” “Ok, so the market cared about your 1 lot order?” “Yes.” “So in a…
16 ways high level athletics is like professional trading.
Professional trading is like high level athletics. Scarcity There are not very many professional trader or high level athletes. A trading account does not make you a professional trader and a jersey does not necessarily make you a high level athlete. Loneliness Because most people will never be a professional trader or a high level…
Don’t let data f@#% you.
Data and information are like air. It is everywhere and we need it to survive. Just like in every breathe we take we have a chance to do what we want with it, data is no different. Anyone can manipulate any data and make it say whatever they want. The tools we have today to…
Logic verses understanding.
I was 18, surrounded by guys I did not know, in a city I was unfamiliar with, away from family and friends for the first time. The coach that recruited me had left almost immediately after I decided to play football there. I knew the coaches and I knew some of the guys from All-Star game and…
