Posts Tagged by risk
The Fear Of Losing Increases As I Get Older
| April 7, 2013 | Posted by Oddmund Grotte under trading topics |
I have daytraded for about 12 years, doing swingtrading some 5 years prior to that. And as the headline suggests my fear of losing increases as I get older. Why is that? I think it’s just natural. I know a lot more now than 12 years ago as my knowledge of the financial markets increases…
How Much Pain Can You Take? Risk, Hindsight, Consistency And Paper Trading
| February 24, 2013 | Posted by Oddmund Grotte under trading topics |
The risk is real, and trading is not easy. The above quote is from page 110 in Curtis Faith’s The Way of The Turtle. A great book! This sentece captures the essence about trading: a very difficult endeavour that ultimately leaves your inner strength exposed. It all looks so easy when looking at fictive equity…
Negatively Skewed Trading Strategies
| January 27, 2013 | Posted by Oddmund Grotte under trading topics |
Some years ago I traded with Echotrade. I remember what one of its principals said about new pair traders that started trading with them: oh no, he’ll make a lot of steady money, but ultimately he’ll lose it all, and perhaps even more. His experience was based on the objective numbers from the firm:…
Is It Possible To Make Money Daytrading? Part 3: Tuco Trading
| January 20, 2013 | Posted by Oddmund Grotte under daytrading |
I have previously written three articles about the possibility of making money in daytrading: My numbers Algo trading In general term I think it’s safe to conlude the following: The majority of daytraders lose money, certainly new ones. The turnover of daytraders is very high. The longer you survive, the better odds for making a…
Be Aware Your Ego, Be Humble And Open Minded
| November 19, 2012 | Posted by Oddmund Grotte under trading topics |
Once in while I grab one of my about 100 trading/investing books. This is mainly to get inspiration and perhaps one or two ideas to test. The best books for inspiration are the Market Wizards by Jack Schwager. Over the weekend I read the chapter about Ahmet Okumus from The Stock Market Wizards. He really…
Some random thoughts about risk
| May 8, 2012 | Posted by Oddmund Grotte under trading topics |
Risk is a very negative word for many, but as a trader you have to face financial risk (even ruin for some kamikaze traders) every day. But to make a living trading stocks you have to face risk in a bold way. IMO, the greatest opportunity for success goes to those who are not afraid…
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