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Is day trading gambling? What the numbers actually say
For most people who try it, day trading works like gambling: the expected result after costs is a loss. Two large studies of real accounts say so. In…
Tag: edge
8 posts tagged edge, newest first.
8 posts · page 1 of 2
Blog
A surprising twist that boosts long-term momentum results
I wasn’t sure if I wanted to write about this publicly because I found something that boosts long-term momentum results by a lot, and I haven’t seen…
Blog
The market is understood backwards, but can only be traded forwards
I’ve been thinking about the structural changes in the financial industry. I really think the markets have had a huge shift in the past 5-6 years…
Blog
Good performance comes from not knowing
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…
Blog
Life is poker, not chess
Wise words by Annie Duke, whose book “ Thinking in Bets ” I read and reviewed in the blog several years ago. What she means with this quote is that…
Blog
The house edge
In a casino you want to be the house not the gambler. Think of the house edge. The more people come to play, the more a casino can take advantage of…