"Trading Education" Posts
Linda Bradford Raschke: Day Type, Taylor Trading, Trade Location
By Lawrence
Ms. Rashcke’s 2 hour presentation of her trading style with question and answer period at the end of the presentation. Several key things to take home from her presentation: 1. You cannot just watch a presentation and assume that you have learned the method, "You have to make it your own." 2. Working out the […]
Kathy Lien: Forex As An Asset Class
By Lawrence
Ms. Lien talks about the importance of diversification into other currencies. In the old days, US dollar was king and that the currency environment was pretty static across the globe. There was no need to diversify one’s investment portfolio into other currencies. Investors with stocks in US, UK, Germany, etc. all enjoyed stable economic environment […]
Kevin Slavin: How Algorithms Shape Our World
By Lawrence
A great talk on algos and how they are shaping the financial markets in many ways surprising to most people. The talk was done back in July 2011. Notice that the algo driven behaviour in financial markets has evolved even more surreal over the past few years. Normal people assume things. Most people assume that […]
Linda Raschke: How a Pro Starts the Trading Day
By Lawrence
An old video produced by the MoneyShow.com. Simple yet very good advices for trading newcomers.
Malcolm Gladwell: Why Do Some Succeed Where Others Fail? What Makes High-Achievers Different?
By Lawrence
This video is a talk / Q&A back in 2009 on his book Outliers. This video is 50 minute long. There are 2 things in the video worth special mentioning here: First, the 10,000 hours rule is approximately 10 years for many people in the research results he has look into. Trading, an intensive mental […]
Non-Scientific Study Of Trader Performance: Future Traders (Part 2)
By Lawrence
For background information refer to Part 1 I am referring to future traders as a group who trade any kind of future contracts. They have their accounts setup at various future brokerage firms. Grouping traders this way does not produce very consistent information due to big difference in margin requirement on different future contracts. For […]
Julia Galef: The Sunk Costs Fallacy
By Lawrence
Malcolm Gladwell: Don’t Choose The Top School For Your Kids
By Lawrence
Malcolm Gladwell, author of Blink and other interesting books, presented a very interesting investigation he has completed on college students and their collective behaviours. What does this has to do with trading? From the moment you are hooked to trade some of the most difficult financial markets in the world, just because you’ve read or […]
Non-Scientific Study Of Trader Performance: The Background (Part 1)
By Lawrence
I am asked many times for information about the performance of individual retail traders. It is a difficult question to answer because without actual data it is not possible to compute a norm or identify the characteristics by various categories. There is also this client / brokerage confidentiality issue. Even though I have very good […]
Ray Dalio: How The Economic Machine Works
By Lawrence
One of the better video online explaining how our financial system works. Definitely better than any nonsense from classic economic theories. You can find the draft paper from http://www.economicprinciples.org/ Note: Bridgewater obvious found out the hard way that such video can bring down their website so they have uploaded the video to youtube now. I […]
