The current crisis is putting my trading system to a test just like the pandemic did two years ago. Of course, we are all worried about the happenings in the world, but when it comes to investing or trading in the markets, we can’t let emotions influence the activity, otherwise it wouldn’t make sense to […]
When it comes to a career or entrepreneurship, it’s often said that you need to be up to your game and make it happen. Nobody else is going to do it for you. I agree. Taking this mindset to trading may not work out well, because we don’t control the market, we can’t make it […]
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 […]
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 […]