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.
“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.”
There are a number of topics that slip-slide over my desk daily but the one that feels like a slug making it way across the garden path leaving it’s slimy, gooey, grime is, “how the markets are rigged against retail traders.” Anyone who has been in this business for any length of time can tell […]
When you embark on a career in trading or if you just want to try it part-time, you have a lot to learn before you ever hit the enter button a trade. The actual physical act of trading is child’s play but all the research that goes into learning the ropes can, in some cases, can take years. Today […]
Learning to live through a drawdown is probably the hardest thing you will ever do as a trader. Here are 5 points to help you through them.
Trading with an algorithm will force you to at least start with a plan that incorporates money management. It certainly can’t force you to stick to that plan but it does make it so you have to consciously decide to deviate from it. That alone can intimidate you enough to stick to it. Building, or using, […]