Beating Alpha

iterating towards truth

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Break strongly and hold above

One of my favourite patterns is break strongly and hold above. I really like when price breaks an important S/R and catches the momentum. After a run there is some profit-taking and some kind of retracement. This is a great opportunity to get in. …

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GS and proprietary trading

It should not come as a surprise to anyone who studied the market that the market price is moved by houses who are betting on so called informed trades. If they know your book and know the information ahead of you, it is much easier to make a big …

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Press your winners

A very good coverage of a trade in TSLA. It doesn’t matter what kind of market you trade. This is how it needs to be done so the numbers at the end of month make sense. Press your winners and do not chicken out. Thx Steve.

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Rises of a good mood

The improvement in sentiment – driven by the assumption and then confirmation of permanent Fed support – is responsible for virtually all of your portfolio’s gains since the Summer Solstice, no offense to the regard with which you hold your stock-…

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Entrepreneur stuff

Delegate, don’t watch TV and sport broadcasts, do not spend too much time grooming yourself, practice a sport, write a lot, sleep a lot, do not take work on your vacation, spend time with your family and do not go to business lunch. In a nutshell …

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GOLD? LONG, SHORT or SIDELINES

Gold has often been described as an inflation hedge. If gold is an inflation hedge then on average its real return should be zero. Yet over 1, 5, 10, 15 and 20 year investment horizons the variation in the nominal and real returns of gold has not …

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Market predictibility

“That was how a Salomon bond trader thought: He forgot whatever it was he wanted to do for a minute and put his finger on the pulse of the market. If the market was fidgety, if people were scared or desperate, he herded them like sheep into a corn…