Many traders want to take the leap and go full time. Being a full-time employee while your real passion is trading, can drain your energy. It’s frustrating because your mind is elsewhere: the dream of freedom, independence, and becoming wealthy while you are working from wherever you like. No commuting, no boss, no 9-5 stress….
I have just finished reading Curtis Faith’s The Way of The Turtle (for the second time) and below you find some very short comments about the book. This is a very good book! If you’re a beginner or not very experienced this would be one of the 5 trading books I would recommend. I will…
At what time of day does SPY/S&P 500 set high and low? How much does SPY move in a day? What is the best time to trade SPY? Let’s find out by doing some backtests. This morning I had a look at when SPY makes high and low during the trading day (regular market hours…
These days computer and algo trading do most of the volume in the US. Stocks move very fast and at a very thin volume. This creates some nasty challenges for the individual daytrader. Either you have to compete on the same terms as them (or trade with them), or you have to do something different….
I regard Victor Niederhoffer’s The Education Of A Speculator as a must-read for any aspiring quant. Why? Because it explains the foundation and principles for successful speculation. In this article, I give a brief review and summary of the book. In the end, I give you my main lessons and takeaways from the book. I…