Search found 10 matches
- Sat Jan 10, 2004 2:18 pm
- Forum: Trader Psychology
- Topic: Too much reading ...
- Replies: 58
- Views: 64721
Business School
Dear RS, I'm sorry if I came off as knocking business school. It was a great experience for me(I finished nine years ago), full of wonderful teachers and fellow students, and I learned a lot about many subjects. My friends from business school who went into the hedge fund business--and there were qu...
- Fri Jan 09, 2004 7:53 pm
- Forum: Trader Psychology
- Topic: Too much reading ...
- Replies: 58
- Views: 64721
Business Schools
One good reason to attend business school is that if you see your classmates starting hedge funds after graduation, it's easier to imagine yourself doing the same thing. However, this is an expensive way to develop confidence. As Bruce Lee said, 'If you want to learn to kick...kick!' Going to school...
- Sat Dec 13, 2003 10:51 am
- Forum: Trader Psychology
- Topic: NLP - anyone benefit?
- Replies: 9
- Views: 13344
NLP & Hypnosis
I've had a lot of experience in the past three or four years with both NLP and hypnosis. Both can be very effective in changing behavior, though nothing works all the time with everybody. The field is full of 'cult of personality' types, so please beware, but if you look carefully you'll find people...
- Sun Sep 28, 2003 12:40 pm
- Forum: Testing and Simulation
- Topic: ATR Value
- Replies: 56
- Views: 52078
Exotic Power-Law?
Menelik, What is an 'exotic power-law distribution'? It sounds cool. Back testing has serious drawbacks, as the discussion of the deterioration of PGO's results over the past ten years demonstrates. There is a danger of taking too large a position size on the basis of backtested results and blowing ...
- Fri Aug 29, 2003 12:11 am
- Forum: Testing and Simulation
- Topic: ;-)
- Replies: 16
- Views: 13820
Discretionary Approach
Discretionary traders should benefit from a higher win ratio and lower drawdowns. Criticism of discretionary trading suggests that the discretionary trader will miss a significant number of winners. I take it this is not your experience? I share your scepticism about backtesting. It seems that the h...
- Wed Jul 09, 2003 6:48 am
- Forum: Stocks
- Topic: shorting stocks
- Replies: 7
- Views: 10998
Shorting Stocks
I have some prejudices here, but I think with reason. It seems to me that shorting stocks with a mechanical system would be difficult to do effectively, because the information flow on the short side is different from the information flow on the long side. Buying momentum longs tends to work because...
- Fri Jun 27, 2003 8:15 am
- Forum: Trend Indicators and Signals
- Topic: How do you determine the "trend" aside of a 20-day
- Replies: 25
- Views: 26150
Short Portfolio
I think it would be tough to devise a functional short portfolio based on downtrends in the stocks. Shorts of the high PE earnings momentum variety typically react VERY SUDDENLY, not gradually, to bad news. Their information flow/price reaction is different from longs. Also, I'm doubtful that equity...
- Fri May 30, 2003 12:01 pm
- Forum: Testing and Simulation
- Topic: Psychologically Robust Systems
- Replies: 12
- Views: 13420
Psychologically Robust Systems
There are other methods, such as value investing and long/short equity hedge funds, that work. However, the public finds it difficult to keep money in a system that underperforms over long periods. Most value investors underperform the market between 30% to 40% of the time, even though their results...
- Fri May 02, 2003 8:13 am
- Forum: Stocks
- Topic: Watching Industry Group Action for Trends
- Replies: 10
- Views: 13040
Industry Groups
I have been tracking industry groups for a long time, first via the SRC Babson-United weekly chartbooks--which come out monthly--and then through electronic sources such as TC2000. I dropped TC2000 because it didn't permit the creation of customized industry groups. (If any of you know something tha...
- Mon Apr 28, 2003 11:01 pm
- Forum: Testing and Simulation
- Topic: Mixing Fundamentals and Technical Trading
- Replies: 2
- Views: 3696
Mixing Fundamentals and Technical Trading
Before the split at g.c., I seem to remember econometrics being a topic of interest on their website. It led me to wonder if economic markers could help a trend trader decide when to bet bigger. To put this in context, I have long been a fan of Marty Zweig's simple system for staying ahead of the st...