An inexact science for sure.
Archive for April, 2008
TV Weather Predictions? Wait Till Friday
Posted in Statistical Thinking | No Comments | Monday, April 21st, 2008
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Character Counts
Posted in Psychology | No Comments | Monday, April 21st, 2008
I had a conversation today with a trader featured in my first book. The subject that came up? Character. We both shared stories and anecdotes about the importance of character for those people who find true success. We also talked about a known “name” in the Wall Street world who has achieved very little success primarily due to a lack of character. The concept runs deep. You can’t fake it in the long run and it is the true dividing line between winning and losing.
Christian Baha on Managed Futures
Posted in Trend Following | No Comments | Sunday, April 20th, 2008
A recent Hedgeworld interview with trend trader Christian Baha.
Complication for the Sake of Complication
Posted in Holy Grails | No Comments | Sunday, April 20th, 2008
Instead of doing all of this, why not just follow the trend?
A Man Who Can Swing
Posted in Not Wall Street | No Comments | Saturday, April 19th, 2008
Manny Ramirez’ career stats mean zilch if baseball is not your game. But for those who played or for those who are fans those are mean numbers…
Cool Photo
Posted in Trend Following | No Comments | Saturday, April 19th, 2008
A long time trend follower updates his crib.
Jesse Livermore
Posted in Trading 101 | No Comments | Saturday, April 19th, 2008
A reader forwarded a PDF copy of a very old Jesse Livermore title. Worth checking out to see relevance for today.
David Harding Article
Posted in Trend Following | No Comments | Saturday, April 19th, 2008
An interesting article in Trader Monthly about trend trader David Harding of Winton Capital.
Richard Dennis on Computers
Posted in Systems Trading | No Comments | Saturday, April 19th, 2008
An excerpt of an interview with Art Collins and Richard Dennis follows. First the question from Collins and then the answer from Dennis:
Q. How hands on are you behind the programmers? Are you standing behind them explaining exactly what you want optimized, etc?
A. I spend most of my time talking to programmers and waiting for results. I’ve been working with most of these people for 20 years so I•m able to get into that intermediate zone between computer-ese and real English. I call them up and say here’s the idea in English. Here’s my idea of how it would go in the program, but you’re the guys who are going to have to decide that ultimately. It’s actually quite an adventure because a good programmer will get the first iteration wrong half the time.
Google Black Box
Posted in Trading 101 | No Comments | Saturday, April 19th, 2008
Barry Ritholtz brings up the notion of Google’s black box and how it might affect the firm’s fundamentals. For me it is further confirmation as to why the only real thing you can know is the traded price each and every day.
Happiness and Money
Posted in Multimedia | No Comments | Wednesday, April 16th, 2008
Can money buy happiness? Watch video.
