Portfolio Management Software
Don’t talk about your open positions In browsing around the web I often encounter discussions of the merits of a particular trade and opinions about the direction of a market. I know that the traders who voice these opinions have good intentions and much of the discussions could be helpful […]
The one thing I can think of that most affects both trading and investing has to be self-discipline. Being disciplined is fully 50% of the job of trading or of investing. I don’t care how good your trading system is, without the discipline needed to follow the system you don’t […]
“Is it important to be creative in your trading?” I’m not sure I can describe it in terms of importance. The creative process is somewhat of a mystery, even to scientists who study it. There are a few common characteristics that all creative persons possess (such as an openness to […]
This tutorial written and reproduced with permission from Peter Ponzo Recently, a theory of coherent risk measures was proposed by Artzner, Delbaen, Eber and Heath (Thinking Coherently, 1997 and Coherent Measures of Risk, 1999) Huh? Patience. There are a jillion ways to measure “risk”, perhaps the most common being Volatility […]
This tutorial written and reproduced with permission from Peter Ponzo Recently I was asked whether buying a stock for a few percent less would make much difference in your annual return and I said I didn’t think so because … Buy for less? What does that mean? I mean instead […]