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13
MAY
2015

Empowering professional investors to do more of what they’re good at, and less of what they’re not.

The buy-side is notoriously bad at reflecting critically on its own processes and performance. I find them to be very susceptible to biases such as over confidence. Last night at an MTA UK talk at Cass Business School Clare Levy, the Founder and CEO of the software house...
18
OCT
2014
Trading Psychology and Behaviour Training Course

Traders Beat Market Indexes Borrowing Tools From Sports

BLOOMBERG Graham Davidson was in a slump, the worst he’d ever known. In 15 years as a foreign-exchange trader in Sydney, New York and London, he’d always made money. Now, in the winter of 2011, he seemed to have lost his touch, Bloomberg Markets magazine will report in its April...
14
JUL
2014
Behavioral Economics and the Equity Risk Premium Puzzle

The Markets Are Not Efficient – US Supreme Court

Up to now, according to Behavioral Law and Disorder[1], the Supreme Court, like most investors, has failed to take account of the non-rational nature of the markets by requiring investment professionals to benchmark themselves against the failed Efficient Markets Hypothesis. No...
02
JUL
2014

Technical Analysis Works

I recently saw a post on LinkedIn which started with an unsupported statement that technical analysis does not work, mentioned a made-up word which was the alternative. The author suggested trading  is like playing chess or tennis against Goldman Sachs, you have to predict your...
27
JUN
2014

We are pleased to announce our association with Peter Skerritt & Associates

Peter’s career in the financial markets spans three decades and three continents, and he has worked as a derivatives trader, financial engineer, author, and consultant. With experience in Europe, the United States, the Middle East, and Africa, he has both traded and...
24
APR
2014

Will 100% of Economists be Wrong?

This doesn’t happen very often.  Marketwatch reports that Jim Bianco points out in a recent market comment that the 67 economists taking part in a regular Bloomberg survey have a unanimous forecast regarding treasury bond yields: they will be higher 6 months from now. This...
28
MAR
2014

The Relentless Bid, Explained

Whereas yesterday’s brokers were principally concerned with keeping money in motion and generating activity each month, today’s brokers – who call themselves wealth managers by the way – are principally concerned with making client retirement accounts stretch out over decades....
10
MAR
2014

I know where I’m headed: Asia and Africa

While we languish in a tepid recovery. While we are told in the UK we are leading Europe’s growth recover, it does not feel like it. As I talk to traders, desk heads and HR people there is a clear tone to their warmth towards learning and paying for technical analysis...
03
MAR
2014
FX

Billion Dollar Day – a 1986 documentary about currency (forex) speculative trading – YouTube

Billion Dollar Day – a 1986 documentary about currency (forex) speculative trading – YouTube. Three ‘typical’ FX traders in action in a 1986 documentary when the trades and the phones were big. Any ‘seat of the pants’ prop traders like this...
07
FEB
2014
Brain full of computers

Psychological Emotions as a Data Feed

“ All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis.” ~ Jesse Livermore, How To Trade In Stocks, 1940 The problem is,...