Picture an account that closes most days in the red and still finishes the year well ahead. The journal reads as a wall of small losses, the equity curve grinds…
Marty Schwartz became widely known in trading circles through his chapter in Jack Schwager's Market Wizards and through his own memoir Pit Bull: Lessons from Wall Street's Champion Trader. What made him interesting…
Ed Seykota's contribution to trading is usually summarised as computerised trend following, and while that is accurate, it understates the more interesting part of his thinking. What makes Seykota worth…
Benjamin Graham is not usually filed under trading. He is filed under investing, often as the patient grandfather of the field, the man who taught Warren Buffett to read a…
The useful thing about studying Jesse Livermore is not that he made several fortunes. It is that the same career also shows, in unusually clear form, how leverage, ego, and…
Paul Tudor Jones is most often introduced through one trade, his short positioning around the October 19, 1987 crash, when the Dow Jones Industrial Average fell about twenty two percent…
The useful thing about studying Nassim Taleb is not that he had a strong year around the 1987 crash. It is the framework he has built around how rare events…
Most traders spend a disproportionate amount of time on entry signals and almost no time on the mathematical structure of how much to risk on each trade. Ralph Vince spent…
PY dropped from $596.11 on 16 December 2024 to $575.96 on 18 December, losing over 20 points in two sessions. The equity put/call ratio spiked well above 1.0 as traders…