The Loneliness of the Short-Seller
Betting against the market is not worth the expense, either. To take a short position, traders sell borrowed stock in a company they think is overvalued with the hope of buying it back at a lower price. If the stock price goes up instead, short-sellers have to buy more stock in order to “cover” the…
A Bit Of A Worry But Not Surprising
A recent survey has found many Australians have low financial literacy; don’t understand how mortgages work or how the RBA cash rate affects them. The survey conducted by super fund-owned bank ME of 1000 people found that almost half of Australians admit to being uninformed about the mortgage market. Furthermore, 40 per cent of survey respondents did not…
From The Land Of Dodgy Correlations
This dodgy idea actually popped into my head during a discussion the other night. For some reason I found myself sitting in a McBogan Cafe waiting for a kids party to end….its a long story and there are no cafes open (or even in existence) in the suburb that the party was being held in.…
I Once Tried To Cheat Sleep, And For A Year I Succeeded
We were aware that difficulties were bound to arise, but we didn’t realize how bad sleep deprivation truly feels. Alex went back to being monophasic, but I was determined. To make it work, I changed to an easier sleep schedule: the Everyman, where I slept for 3.5 hours at night and took three 20-minute naps…
Trading System Design
In the Mentor Program we have been in the process of building and refining a trading system. The question was posed as to what I thought the greatest impediment is to generating such systems and by extension what is the greatest drawback that individual traders face. As always the greatest source of difficulty that traders…
Nothing Will Happen Until….
The broader US market moves out of the congestion it has been in for most of this year.
How Good Of Them
Goldman Sachs Group Inc has told its summer investment banking interns not to stay in the office overnight in a bid to improve working conditions for its junior staff. The move, according to company sources and confirmed by a Goldman spokesman, illustrates how Wall Street banks are seeking to curb excessive hours worked by young…
