This tutorial written and reproduced with permission from Peter Ponzo Kiyosi Ito studied mathematics in the Faculty of Science of the Imperial University of Tokyo, graduating in 1938. In the 1940s he wrote several papers on Stochastic Processes and, in particular, developed what is now called Ito Calculus. I haven’t […]
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Position sizing is a calculation which determines the optimal amount of units to purchase. Position sizing is a little known concept amongst the majority of traders and investors and yet it often has dramatic effects on the overall performance. As an example, it has been statistically proven that a random entry […]
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By Peter Steidlmayer, Ted Hearne 1994 Abstract / Introduction: In the past several decades, a fundamental change has taken place in the commodities markets. The industry has expanded the application of the futures concept to more products and derivatives such as options and indexes, and consequently, the influx of capital […]
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By Thom Hartle Abstract / Introduction: Ed Seykota, whose thoughts and insights were chronicled in Jack Schwager’s book Market Wizards, has been involved with trading commodities since the late 1960s. According to Market Wizards, Seykota’s “model account” — an actual customer account — started with $5,000 in 1972 and to date […]
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This tutorial written and reproduced with permission from Peter Ponzo Once upon a time we talked about XIRR, where have a starting portfolio then, at varying times over the next few years, you invest more or withdraw … And XIRR will give your annualized return, right? Yes, and you recall […]
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