How And Why We Choke
The capacity to execute under pressure is one of the key components of any high performance endevour. In trading vapour locking at the wrong time can see the end of your career.
Some Charlie Munger Wisdom
Sensible lessons about life and investing in general are few and far between. The big money is not in the buying and the selling, but in the waiting. People calculate too much and think too little. Those who keep learning, will keep rising in life. (also: If you keep learning all the time you have…
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Ten Minutes With Tate – It Isn’t How Much You Make – Its How Much You Keep.
Ask a novice what the most important thing in trading is and you will probably get the response – it’s whatever moving average is flavour of the day. Wrong – it is how you manage both your trades and yourself. Markets can generate extraordinary wealth but they can also take that wealth away if you…
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Emotional Discipline With Trader Vic
Victor Sperandeo is a legendary trader and excellent financial commentator based in the USA. Sperandeo has over 45 successful years on Wall Street in trading independently with his own money and on behalf of big names and other notable investors such as Leon Cooperman and George Soros. He has managed futures trading for EAM Group…
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Banks Are A Bust
One of the most egalitarian things about markets is that everyone has access to the same information. Sure there are occasional instances of insider trader and pump and dump schemes surrounding dodgy mining companies that always seem to originate from Western Australia. But the numbers we all see on a daily basis are the same…
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Ten Minutes With Tate – Is The Dead Zone Killing Your Profits
Compared to other professions trading is reasonably simple. It certainly doesn’t compare to professions such as being a pilot, a brain surgeon, or someone who is highly skilled with their hands at creating physical objects. That is its great attraction it is an equal opportunity employer that offers you a job governed by a few…
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Diversification is Not a Free Lunch
Harry Markowitz is reported to have said that “diversification is the only free lunch in investing”. This is the notion that holding a broader range of assets can result in better returns without assuming more risk. Over the decades this has become accepted wisdom – but it is not true. Diversification isn’t free; it is…
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Wrong Wrong and Wrong
Whenever we are presented with a piece of data we are limited in the conclusions that we can draw from that data. For example, consider the chart below of CXO – The only conclusion I can make is that over the time frame being observed and the tools being used the price is currently in…
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