Financial Markets | Education stock market
Sep12

Financial Markets | Education stock market

A Map of the Internet  Financial Markets | Education stock market You have to love the internet.  The amount of ideas and information that is exchanged on a daily basis is just absolutely astounding. It is an amazing time to be alive.  In the last couple of years a number of top tier universities have decided to provide free classes to anyone who wants to take the time to understand how things work.  I feel that this is a remarkable...

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Ivy league Portfolio
Sep08

Ivy league Portfolio

Ivy league Portfolio| In my previous post I wrote that learning how to program your own automated trading system has substantial benefits. Once you get accustomed to coding your trading strategy you will start to notice how easy it is to pick up other programming languages. By learning how to code my own trading system, I have learned the programming language V.B.A,-Visual Basic for Applications, which definitely has been a plus for...

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Automated System Trading
Sep02

Automated System Trading

Automated System Trading | In my previous blog post I wrote about emotional trading, which was published on August 31st, 2012.  I mentioned how I had met a number of traders that had a hard time of removing their emotions from their trades. In my post I mentioned that people are just wired in a certain way. Given a number of possible outcomes, we will usually pick the same outcome.  So I decided to do a small experiment within my...

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Emotional Trading
Aug31

Emotional Trading

Emotional-trading | psychology trading Having met a few traders within the last week, there is a common element that they all share.  I noticed that each one of these traders couldn’t get their emotions out of the trade. I know it is an extremely hard thing to do, but it can be done! The ability to separate one’s mind from an event that is bringing them either immense joy or excruciating pain is something that a majority...

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Podcast; The Trend Following Manifesto
Aug31

Podcast; The Trend Following Manifesto

I f you’re interested in trading, and trend following in particular, Michael Covel’s Trend Following Manifesto is some good listening. Michael Covel is the author of Trend Following. Covel interviews people who are practicing the philosophy highlighted in his book. If trend following isn’t your cup of tea, but you’re still into trading, there will still be some jewels to pick up in his interviews of traders and...

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The Deception of Short Term Performance
Jul16

The Deception of Short Term Performance

The Deception of Short Term Performance| “A person must be an optimist to be in this business, but I also believe it’s a cyclical phenomenon for several other reasons. In our 18 years of experience, we’ve had to endure a number of long and nasty periods during which we’ve asked ourselves this same question. In late 1981, our accounts had lost about 42 percent over the previous 12 months, and we and our clients were starting to wonder...

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Mike Warren’s, How to Make 37%
Jul15

Mike Warren’s, How to Make 37%

I’ve just finished reading How To Make 37% (Tax-Free) Without the Stock Market, by Mike Warren. It’s a nice, fast read. Mike Warren explains the concept of buying judgement liens and collecting on those liens when the property the lien is on gets sold. Thats an oversimplification of course, but its a sharp way to make money. Warren also discusses interest, retirement funds,forming a business, and a few other things, while...

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Exit Efficiency Ratio
Jul11

Exit Efficiency Ratio

Exit Efficiency Ratio| The amount of literature that focuses on trade entries to me seems to have a positive correlation with why I only seem to hear traders talking about entries. It invariably seems bizarre to me that entries are discussed a lot more than exits, when exits are the primary source of profits.  Entries should only be looked at as something that starts a position, not as something that is responsible for profits. Exits...

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Audio Books: Useful multitasking tools
Jul05

Audio Books: Useful multitasking tools

Generally, I find multitasking to be a waste of time. In my experience, you end up with several unfinished tasks, or a few poorly done ones. A few years back I discovered a multitasking tool that I can get behind, audio books. I’ve been able to get through quite a few books on trading, finance, philosophy, history, fiction, you name it, by listening to a lot of them. I think the first book I ever listened to was on economics....

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Should morality play a role in your trading or investing?
Jun29

Should morality play a role in your trading or investing?

When trading, I use a technical trading system. This system is solely based on the numbers shown on the chart. Those numbers are filtered by other tools in the software, but all calculations are based on the price and volume of stocks in those tracked indices. In trading this type of system, my job is to scan an index. If the system says that the trade fits all requirements, I go to step 2, which is following the systems parameters...

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