I recently received a few very note-worthy queries from QiT members. This led me to the conclusion, if one or two QiT members are noodling over an issue, its likely more have the same queries rattling around in their heads. I am certain I need to do a better job of explaining how QiT works. Here is the […]
As you all know when you trade with QiT you don’t have to waste a lot of your brain neurons trying to figure out the market. You exorcize the demons that creep into your trading and lead you down paths you should not go. You catapult yourself into the realm of “I don’t care what […]
There are number of topics that come up on a regular basis on the trading blogosphere, but the one most important and the most frequently talked about, is “how the markets are rigged.” Anyone who has been in this business for any length of time can tell you with 100% certainty the markets are rigged. Plain and simple, the markets, specifically the exchanges, are totally geared towards screwing you, the retail investor.
Last week we embarked on a discussion about how behavioral economist and 2002 Nobel laureate, Daniel Kahneman transformed the fields of economics and investing. I promised we would finish off the discussion with a look at noise, biases, and hindsight. Then Kahneman’s four simple strategies for better decision making that can be applied to both finance and life. Noice Alert […]
Behavioral economist and 2002 Nobel laureate, Daniel Kahneman has transformed the fields of economics and investing. At their most basic, his revelations demonstrate that human beings and the decisions they make are much more complicated — and much more fascinating — than previously thought. At a conference in Hong Kong, Kahneman delivered a captivating mini-seminar on the […]
“The Underwater Equity curve, popularized by Jack Schwager, presents a trader with a unique way of evaluating equity performance. Using this graph, the trader can view the relationship between time and magnitude of drawdown as they relate to new equity highs. This graph enables the trader to look at the performance from a pessimistic viewpoint pinpointing how much drawdown occurred and how long it took to rebound to hit a new equity high.”