Dow

Trading Resources

I post this merely as a follow up to an earlier post which concerned the need to engage in the process of trading and not be absorb by endless cogitating on outcomes. One of the distressing things about traders is that many of them simply give up on the eve of what would be a…

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What A Dick

Trading Resources

I am not a fan of American politics or any sort of politics for that matter. However, I am a fan of Matt Taibbi of Rolling Stone. This is a fascinating piece on how truly screwed US politics is and how it is populated by absolute friggen lunatics. My favourite quotes from the piece –…

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Quote Of The Day

Trading Psychology

“If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on…

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Pinker On Violence

Trading Psychology

I have just been reading an interview with noted psychologist Steven Pinker and three points were worth highlighting from this interview – How do you explain the decline in violence? I don’t think there is a single answer. One cause is government, that is, third-party dispute resolution: courts and police with a monopoly on the…

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Where To Now?

Trading Resources1 Comment

Fridays overnight action saw most world markets lift – even Greece was up. This pop in prices presents a problem for traders since markets have been ordinary for some time. Lacklustre markets such as the ones we have been experiencing have been characterized by false breaks both up and down. These false breaks have the…

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The Last Place Aversion

Trading Psychology

How does last-place aversion play out with regard to redistribution? In our surveys, we asked Americans whether they supported an increase to the minimum wage, currently $7.25 per hour. Those making $7.25 or below were very likely to support the increase – after all, they would be immediate beneficiaries. In addition, people making substantially more than…

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