Lately, I’ve been making an effort to learn the basics of social media marketing.
To me, marketing is as foreign as a day without a cell phone is to a teenager. But then you add the social media part of it and you enter a whole new universe of hashtags, clickbait (did you even know there was such a word?), Lurker (yup there is a term in social media called Lurker).
It’s enough to make a grown man fall to his knees and curse his mother for given birth to him.
QiT has accounts on Twitter, Facebook, LinkedIn and Google + but that doesn’t mean I know what I’m doing. I have made a few missteps like tweeting a message I intended to go to my private Facebook page – opps!
Fortunately, I caught it before it did too much damage. But then again, I’ve stumbled on some pretty cool aspects of social media.
Last week, I posted an article on LinkedIn with the comment, “Drawdowns increase in proportion to the square root of the holding period” Howard Bandy. One of many Howard Bandy’s comments I have interspersed on my website.
LinkedIn, in all its wisdom, recognized the name and tagged it.
You all know who Howard Bandy is, don’t you?
If you can write about Algorithmic Trading on the level Howard does, then you earn the designation of GURU. Howard has written more books on algo trading than Apple has iPhones. To see them all, go to Amazon and type in Howard Bandy.
His education includes degrees in mathematics, physics, engineering, and computer science. He has done graduate studies and research in the areas of modeling and simulation, statistics, and artificial intelligence.
His graduate advisors were among the pioneers in the computer industry. Howard Bandy’s website is www.blueowlpress.com
My newsletter has a New Subscriber
Next thing I know; I get a notice someone has signed up for my newsletter. Lo and behold it was Howard. I fire off an email to Bruce and Eric to let them know Howard Bandy just signed up for my newsletter so I better be really careful with what I say.
Then I get an email from Howard with this comment, “A quick look at your website shows some great looking equity curves. And a bio of Bruce Robinson, whose expertise is well known and always appreciated.”
I immediately write back and thank him for the email and tell him I have been working with Bruce for over 5 years now. His response included the following comment,
“From what I see on your website, you are an advocate of entries made from over-extended conditions expecting a reversion to the mean, with high accuracy, and one or two day holding periods. In my opinion, these are necessary conditions. Drawdown not only increases in proportion to the square root of holding period, but holding any issue that gives enough variation to be profitable also exposes holding periods longer than a few days to drawdowns in excess of most trader’s risk
And here you thought QiT was just another run of the mill type of signal services. Like I’ve been telling you all along, we’re simply the best. Better than all the rest. (sung with the best Tina Turner voice you can muster)
The market is frothy
I’m not going to tell you the market is frothy, however, I guess I just did. That fact is as clear as the ketchup on your new white t-shirt after gorging on French fries. So I’m going to just post some charts and let you see how out of control it is.
Once you finish gandering at this charts and you see how much peril we have got ourselves into, I would like you to reread the comments Howard Bandy made above. In particular, the comments about drawdowns and holding periods.
I would like you to think about where you want your money when the next bear market rears up and grabs your face in its slimy jaws.
Dow Jones with RSI(4)
We’re the Plan in “Plan your Trade and Trade your Plan”
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