Portfolio Management Software
Trading systems or strategies use a predefined set of trading rules to generate objective buy and sell signals. While the variety of trading systems is almost limitless, most profitable trading systems have certain elements in common. Whether you build your own strategy or purchase one, trading a strategy with these […]
Overview In 1897, Charles Dow developed two broad market averages. The “Industrial Average” included 12 blue-chip stocks and the “Rail Average” was comprised of 20 railroad enterprises. These are now known as the Dow Jones Industrial Average and the Dow Jones Transportation Average. The Dow Theory resulted from a series […]
By Peter R Locke, Steven C Mann November 2000 Abstract / Introduction: Recent evidence (e.g. Odean, 1998a) describes investor behavior that is at odds with traditional economic theory. These alternative behaviors, such as those consistent with the disposition effect or overconfidence, form the basis for recent “behavioral” explanations for asset returns […]
This tutorial written and reproduced with permission from Peter Ponzo Okay, here’s the story: In 1944 Anne Scheiber, a lifelong federal employee whose income never surpassed $3,150 a year, invested $5,000 in blue-chip stocks. When she died in 1995 her stocks were worth $22 million and she was receiving an annual […]
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 […]