LATEST BLOGS

Well This Just Sucks….

Previously I had talked about a long trade on the Dow I was running – nothing new there and the rationale and management of the trade was hardly revolutionary. However, I did something profoundly f#%^en stupid – I transposed a digit on my stop and got pinged out by a spike because my stop was…

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Rich Managers, Poor Clients

From The Economist…… The mediocrity of the hedgies’ recent performance is in part the result of the industry’s massive growth. Whereas in the past it was plausible that hotshots like George Soros could spot market anomalies, several thousand managers in an industry with $2 trillion of assets under management are very unlikely all to be…

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Relative Performance

Whilst I believe that the correlation indices has increased over time and the correlation of instruments has been shown to increase in times of stress their returns correlations can be a little different. Note the performance particularly of the DAX and the Hang Seng. The charts for some of these may have the same outward…

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One Of These Things Is Just Like The Other

Well…….its the 21/12/12 and I am still here. Although I havent checked to see if I am here by myself yet…. In the spirit of such things I give you two sets of predictions. 1. Those dickhead Mayans who couldnt even foresee the coming of the Spanish – bit of bad luck there 2. A…

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Dow – Update

Price is still meandering around the initial fail point. One of the mistakes I see traders make is that they see a chart like the one below and instantly drop into confirmation bias mode simply because price looks as if it might be moving higher. Current price action doesn’t really confirm whether this trade is…

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Dow

So first the disclaimer – I am actually long the Dow. As per the chart below my system generated a signal where the purple arrow is an I entered on a contingent order a little higher than that. This all occurred whilst I was asleep a few days ago. When the system generated the signal…

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