The title is a quote I heard from Tom Basso, a semi-retired trader featured in “The New Market Wizards” book that was published in 1992. According to his idea, risk is something you can’t get away from if you want to earn excess returns. No matter how much you try to optimize the entry / […]
When I see a trading book that should be good I do research on the author as well as the writing before I decide to get it. I had heard about this book from different sources, listened to the author speak on some podcasts, and seen references in the intro to other traders I’ve been […]
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Comparison makes market participants unhappy
Happy New Year! Absolute performance measures the annual returns of a portfolio, while relative performance compares it to a benchmark or some index. Part of our human nature is to compare what we have or achieve to someone else be it a friend, neighbor, co-worker etc. We may be satisfied with our new car until […]
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Timing the Nasdaq 100 index (QQQ)
Earlier this year I posted a simple strategy on how to beat the S&P 500 index with market timing. I had done the backtest on 21 years of data in AmiBroker. I am now publishing the results of a backtest using the same strategy on the Nasdaq 100 index. The backtest was done in TradeStation on […]
In 2019, my trading started to turn more into quantitative style. First, I backtested ideas manually with charts and spreadsheets, then switched to AmiBroker. I’d been thinking of signing up to TradeStation, a popular trading software and brokerage since the ’90s. Even though AmiBroker Formula Language (AFL) differs from EasyLanguage (EZL) by TS, the process […]