In 2008 we initially thought the housing market was in deep trouble but the impacts to the broader economy was contained. Didn't realize that the...
In the last two recessions (2001-2002, late 2007-2008), I remembered there were lot of confusions about whether US was in a recession, as there...
Yes, every efforts have opportunity costs, but full time independent traders have more opportunity costs than full-time students (who gain...
The ruthless run up of sp500 in 2017 and this month just proved the old saying "better to be lucky than right".
The biggest risk for independent full-time traders is the opportunity cost, namely the loss of potential gains from other alternative efforts...
There is a long list of people (e.g. Jesse Livermore, John Merriwether) who were profitable for many years, some even became legend, then somehow...
How are those fat-tail risk management funds doing these days?
If your broker is public-traded, you can always check its stock price.
Would Interactive Brokers work in Canada? I have good experience with it in US.
The story about Bear Stearns collapsing is very good. There were actually well known people (Bill Miller etc.) bought into Bear Stearns when it...
The short side was probably too big for him. I am glad that in 2017 I reduced my shorts to barely above minimum.
While it's a good idea to plan for the next bear market, it is more difficult to short the market over a long time horizon, e.g. to hold your...
Systematic trading transforms a craft into a (pseudo)-science, so one can apply all kinds of scientific methods. Discretionary trading also allows...
Home owners, people in the coast states and those with student loans are the losers.
I only read part of the book, but I don't believe this is a cult. A cult asks everyone to blindly believe in and follow the leader, which is not...
A computer is both decisive and quick.
The latest accuser actually has an evidence-Moore's signature in her yearbook. So this proves that Moore knew her, even though he claimed otherwise.
There is a soft kind of limit on how fast the markets can grow in the next ten years. If the US GDP grows at 3.5% and the stock markets grows at...
A short update: YTD about 11.5%, though 2016 was a bad year, with only 2.5% gain. The majority of strategies are performing reasonably. In fact...
I also saw the news from Bloomberg on Man seemly success story of applying machine learning to trading and was wondering about it.
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