Originally appeared in October 2011. If you have read the blog for awhile you know the story about the first day I sat down at my own machine. I was placing a few trades a week though a friend with success. It was limited to whether I found a good setup and he was in a… Continue Reading
Tag Archives: risk
Distribution of Financial Information
Howard Lindzon came out with a post this weekend, I Would Like to Hire a Few Lobbyists…and Thanks Stevie Cohen for This Tipping Point in Securities Law Reform!. There is definitely a sarcastic/sad tone to the article. The people have always moved faster than the ability of regulators to catch up. They are still working on social… Continue Reading
RE: THE MOST COMMON ERROR IN STOCK MARKET RESEARCH
Jeff Miller of Dash of Insight wrote a brilliant post on common research mistakes. It can be found here. He breaks it down into two things: Selecting the Right Data and Comparison. Selecting the Right Data. As the saying goes, if you torture the data for long enough it will tell you anything. There is so much… Continue Reading
Looking before you cross.
I do not know what it is lately but it seems like I see a person risk their life or limb crossing a street or just run into people almost everyday. The first thing I wonder is what is so important that they would risk being injured. Is there time that important? If so, why… Continue Reading
Email: What is the most I should lose in a day?
This is a pretty common question. Most people want a clear and simple equation. But there isn’t one. This is something that you need to answer for yourself. Answering the following questions should help clear it up: What am I capable of making in a day? On your up days if you are making net… Continue Reading
Turning your brain into foie gras.
As I type this in front of my 6 screens, down from 10, I go back to the question I was asked when I showed a friend my office. “Do you really need that many screens?” I explained I needed 4 for trading and wanted 2 for internet. Going further I explained how I used… Continue Reading
A story of entrepreneurship and community.
Updated: Has not raised about $120k in 13 hours. I have taken some time away from the blog, if you even noticed. But the blog father has summoned me. Seth Godin launched a kickstarter at 5:07 AM ET today and as of 11:30 AM ET he has raised $97,000, $57,000 more than the goal. I… Continue Reading
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… Continue Reading
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… Continue Reading
Do you care about sinking if you know you can swim?
Have you ever seen two people in the same situation act differently? With trading futures this is really evident. Only one side gets to make money. How a person handles sinking (losing money) will help shape what they become as a trader. The second thing that my mentor every told me was learn how to… Continue Reading
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