"---economics is not an exact science; it contains merely of laws of probability. The most prudent investor, therefore, is one who pursues only a general course of action which is 'normally right' and who avoids acts and policies which are 'normally wrong'."
--L.L.B. Angas
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COME IN THE SHADE OF PROSPERITY AND PEACE
Community of Professional Traders
CLOSEUP
A profusion of life clings to the tree, all wrapping around it, like birds nesting, creating a whole ecosystem on the tree; akin to the myriad traders thriving on the market. The strength of the central heartwood of a large tree is incredible to enable the tree to grow to such heights. The market has similar strong supports, such as the upward drift, a free market, and confidence of a better tomorrow. This tree's mission is to grow toward the sun, responsive to wind, water, accidents, fire, insects, and disease; apropos of most market rises. The lichens that grow on the trees provide it with the nutrients that it needs to survive. Similarly to understand the big moves in the market, say the quarterly ones, you need to understand the microstructure described in such books as Harris. Their growth is very gradual, like learning curve of a master. Trees are outstanding in survivorship compared to other entities in ecosystem.
A man said to the universe:
“Sir, I exist!”
“However,” replied the universe,
“The fact has not created in me
A sense of obligation.”
---Stephen Crane
LINKS
Some Previous Posts
- Huh, so what is trading?
- The Morning Prayer
- Being A Professional Trader
- The Guru
- Why trade illiquid stocks...
- Old Wall Street Sayings
- Learning to Day Trade
- The Wonderful World of Event Driven Trading
- What is Stock Analysis?
- Stock Earnings and Preannouncements
- The Russian Roulette
- Trading as a Career or Trading for a Living
- Price movements which are random, ineffective, manipulative etc.
- Components Of Strategic Thinking
- Day Trading Strategy
- 6 Rules for Trading by the Tape
- So many blogs on trading..
- Becoming the Person You Know You Can Be
- Bucks By Bollinger Bands
My Complete Book List
- Trading and Exchanges: Market Microstructure for Practitioners
- Reminiscences of a Stock Operator
- Fooled by Randomness
- Richard Wyckoff's works on price-volume
- New Trading Systems and Methods
- Mind Over Markets
Market Understanding
- Taleb's Say on VAR
- Market Profile Introduction
- Understand Your Market AKA Normal Distribution vs. Power-Law Distribution
- Taleb's Bloomberg Interview
- Case Study: Deliverable Quantity on NSE
- The Sharpe Ratio
- Justin Miami's Interview About Change In Market Cycles
- The Fundamentals of Market Tops
- Indicator Or Indicatorless
- How To Spot Divergences Without Technical Indicators
- Profit Punch of Small Price Moves
- Case Study: Valuing financial slack in the steel sector
General Trading
- What Are The Odds Of Becoming A Successful Trader?
- Markets, Strategies, & Time Frames
- Discretionay and Automated
- What Is A Stop Loss For, Anyway?
- Does your Hedge Fund umbrella work in the rain
- Risk Inversion and Risk Perversion
- The Art Of Strategy Design - In Practice
- Thomas Petterffy Interview- Founder of IB
- Nalin Pasricha's Story
- List of Proprietary Trading Firms
- Working At a Multi-strategy Hedge Fund
- Interviews with Traders
- Futures versus Options versus ETFs!
- The 100 Most Influential Trading Books
Pro Trader Interviews and Articles
- John Meriwether Returns
- The Einsteins of Wall Street
- William Browder Opalesque TV interview- youtube
- The man who refused the $315m job
- Greg Coffey, wizard of Oz
- Adam Warner
- Chris Perruna
- Radhakrishnan Damani
- Denise K. Shull
- John Forman
- Toni Hansen
- Tim Morge
- Matt Davio
- Jamie Hodge (Trade Ideas)
- Timothy Sykes
- Andrew Allen
- Scott Andrews
- Nalin Pasricha
About Me
"Few are those who see with their own eyes and think with their own head."
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