On the weekend LB and I had the first meeting for this years Mentor Program and just before it was my turn to present I checked my laptop as I do to make certain everything was in order and it decided to show me nothing but a blank screen. Not a problem since I always…
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LB and I are in the process of going through a series of trading plans and I found the chart below in one of the back and forth bits of communication we have been having with a mentoree. I have always been fascinated by growth curves of various sorts I suppose it comes from a…
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Around about now Wall Street and others begin to trot out what their predictions for the coming year are. The latest round of such crystal ball gazing can be found here in an article by Bloomberg called Here’s (Almost) Everything Wall Street Expects in 2019 You can peruse this sort of nonsense at your leisure.However, before…
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Recently on LinkedIn I saw a piece that was extolling virtues of profit taking, a strategy I am vehemently opposed to. The piece used words such as greedy to try and generate some form of emotional response in the reader – as if being greedy is a bad thing. In trading it is the only…
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Back in May, Thomas Lee, head of research at Fundstrat Global Advisors was predicting a rally to $25,000 by the end of the year. And despite things not playing quite in his favor — the cryptocurrency is currently trading below $3,400 — he’s sticking to his guns. More here – Bloomberg I do love it…
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One of the problems with trading is that it is awash with various pieces of wisdom and mythology that dont stand up to scrutiny. I try as much as possible to run an evidence based life and when I dont understand something or I hear something that is a bit off the stock standard piece…
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In particular lets talk fake equity curves and by fake I mean either made up (fictitious) or curve fitted ( made up by a machine to look really good) Unfortunately trading abounds with these curves and the internet and particular Facebook is littered with curves that purport to show how someone has managed to turn…
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Unfortunately the archetypal image of a trader is of an individual who is constantly on the move. In the old days the appearance of a trader would include the endlessly repetitive scenes of someone yelling down the phone to their broker issuing a constant stream of instructions. Nowadays the image might be of someone using…
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I have had a bit more fun playing with indices and the theoretical rate of returns they generate over the long term. This time I wanted to look at a different segmentation within the market – I split the All Ordinaries Total Return and the Small Ordinaries Total Return and looked at their relative return.…
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