“Speculation is the name given to a failed investment and investment is the name given to a successful speculation.” Edward Chancellor A good quote expressing the semantics of different terms used by market participants. It doesn’t matter how you call it, we all make a guess about the unknown future when we buy a stock […]
The past is not a good guide to make predictions about the future because the future will be different. One should take as little as possible but as much as necessary from a backtest. A backtest shows how an idea would have worked out in the past if one followed a specific set of rules. […]
Volatility is good because it puts money to my bank account. Every timeframe has its own path of volatility, but without it stocks wouldn’t move. So volatility needs to be embraced and managed, not avoided. Once a trade is on, risk has been calculated, the stop loss and profit target are in place, then there’s […]
I’ve put some thought into this lately. Let’s be honest, nobody knows what the stock market will do next. If you’re still thinking otherwise and trying to predict the future, then I can just say that it’ll take some more time for you to understand. Everybody is guessing something and someone has to be right […]
Happy New Year! I have 7 trading accounts in my portfolio. One of the accounts returned +52% in 2023. See you next year! Lol. That seems to be the industry’s standard to talk about annual performance, right. Let’s look further what all of my assets combined did in 2023. 90% of trading is about sitting […]
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