Why do you have a tax lien against you and why do you live in a slum owned by someone else if you are a real trader? and why do you never answer this question? do you have a psychological problem that blocks reality? just answer the question -I saw a thread that had a government link to a tax lien. ps This was a great thread at the beginning. Now it reads like a bunch of homeless people took a dump on it. jh?
I'd bet that guys bluffing... jacky Hersey highwayer.... I am gonna ignore him soon... he reminds me of the many mental patients I've met in AA
Yes, JH. Just hit the ignore button. I've been here since 2002 and hershey is the only person on my ignore list.
Yeah, I won't spend more time on the guy. Just felt cathartic to get that out. Re, thread quality, we'll get back on track here soon enough...
1. Try out the PVT one pager 2. 62 trades in a quarter is position trading. 3. the fous is otherwise. Choosing a high beta universe is all that is required. Read O'neill. 4. It is available to anyone. An ATs is easy to construct. Some people use it; others do not. Horses have the same trouble with water.
The book is about PhD physists who came from somewhere, the book says where, This team is using science to try to succeed is doing something relative to markets. Bass thought they were scientists with physics PhD's working in the financial industry. The financial industry and, in particular, hedge funds have a lot of capital. As you carry out your announced task, you are appealing to an opportunity to help grow the financial industry and the hedge fund indutry via the manager route. I suggested the book was very funny. I have met some of these hedge guys and the people they pay to advise them in Greenwich and NY (cocktails and financial club meetings with speakers). Sometimes I had breakfast at the links club and I was loaned chauffered cars on occassion while in NY. They all know me because I am retail trader and some of us worked at EOP together. So I get to be full of shit because of the performance of one of my beginner acquaintances. I'm sure you think what happened was not possible. Our difference is this: I have the print and you do not have the print. I agree with you. There has to be a most consistently successful hedge fund. It must be listed among the other hedge funds at the very top. My quoted beginner was not at the top of my list of beginners, however. Do you know why all but one of the original team cut out early? Did any of those original guys whose ideas were dumped get any of the take after the M and A?
Trading Wisdom 11: Chess Parallels "People make a lot of connections between chess and investing and say things like, "Oh, you must be able to see many moves ahead," as if skill at chess can directly translate to markets in a way that non-chess players cannot access. I think that's overstated. That said, there certainly are some related concepts, such as the ability to quickly recognize patterns, and the discipline of being hyperrational in evaluating the strength of your position." - Boaz Weinstein, Alpha Masters JS Comment: What parallels, if any, do you see between markets and chess? Do you have a repertoire of patterns (not necessarily chart-based) and scenario hallmarks you recognize? Do you consider yourself âhyperrationalâ in evaluating your positions? How might one become more so? Buy Alpha Masters on Amazon Get Trading Wisdom via e-mail
Trading Wisdom 12: Three Iron Rules for Risk-Takers "There are three iron rules for risk takers. Since your plan is to arrive at an outcome near expectation, you must be sure that expectation is positive. In other words, you must have an edge in all your bets. Expectation is only an abstraction for risk-avoiders. If you buy a single $1 lottery ticket, it makes no practical difference whether your expected payout is $0.90 or $1.10. You'll either hit a prize or you won't. But if you buy a million tickets, it makes all the difference in the world. "Second, you need to be sure you're not making the same bets over and over. Your bets must be as independent as possible. That means you cannot rely on systems or superstitions, not even on logic and rationality. These things will lead you to make correlated bets. You must search hard for new things to bet on, unrelated to prior bets, and you must avoid any habits. In many cases you find it advantageous to make random decisions, to flip coins. For risk avoiders taking only a few big chances, correlation is a secondary concern and flipping a coin for a decision makes no sense. "Finally, risk takers must size their bets properly. You can never lose so much that you're taken out of the game; but you have to be willing to bet very big when the right gambles come along. For a risk avoider, being taken out of the game is no tragedy, as risk taking was never a major part of the life plan anyway. And there's no need to bet larger than necessary, as you are pursuing plans that should work out if nothing bad happens, you're not counting on risk payoffs to succeed." - Aaron Brown, Red-Blooded Risk: A Secret History of Wall Street JS Comment: Do you understand and apply the concept of 'expectation,' also known as EV or expected value? The second paragraph is controversial. Do you agree that "flipping coins" is sometimes appropriate for risk-takers? What are some intelligent ways to address the correlation problem (that donât necessarily involve randomness)? Do you vary your position sizing? If not, why not? If so, by how large a factor between your smallest and largest positions? Buy Red-Blooded Risk: A Secret History of Wall Street on Amazon Get Trading Wisdom via e-mail