Archives of “Entertainment_Culture” tag

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Paul Ciana, New Frontiers in Technical Analysis (Book Review )

  
  Education
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New FrontiersThe six chapters in this book are written by six different authors: “Evidence of the Most Popular Technical Indicators” (Paul Ciana), “Everything Is Relative Strength Is Everything” (Julius de Kempenaer), “Applying Seasonality and Erlanger Studies” (Philip B. Erlanger), “Kase StatWare and Studies” (Cynthia A. Kase), “Rules-Based Trading and Market Analysis Using Simplified Market Profile” (Andrew Kezeli), and “Advanced Trading Methods” (Rick Knox).

Ciana provides some fascinating data about the preferences of those who use the Bloomberg Professional Service. For instance, Europe opts for log charts 47% of the time and Asia only 9% of the time. Asia prefers candlestick charts, the Americas bar charts. Worldwide the most popular technical indicators (excluding moving averages) are RSI, MACD, Bollinger bands (BOLL), stochastics (STO), directional movement index (DMI), Ichimoku (GOC), and volume at time (VAT). RSI is the clear winner, with a 44.4% worldwide preference; MACD comes in second at 22%. Some indicators have geographical ties. GOC has a 10.8% popularity rating in Asia as opposed to 2.5% in the Americas and 2.8% in Europe. VAT has a 5.3% rating in the Americas and only 1.8% in Europe and 1.6% in Asia.

VAT, for those who are unfamiliar with it, is something of a seasonal indicator. For instance, “from a historical perspective, VAT considers the volume that has occurred on that day over the past X years to create the average for that day. … From an intraday perspective, VAT creates an average of volume from the actual volume that occurred during that time-slice for the past X days. In both applications VAT can be projected into the future to get an idea of expected volume.” (p. 37)

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Financial Documentaries

  
Education, Video
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Below are a few documentaries that are a must watch if you haven’t already seen them. If you have, watch them again.

 Money For Nothing

The Untouchables 

The Go Go’s

Money, Power & Wall Street

China’s Real Estate Bubble

Inside Job 

Congress: Trading Stock on Inside Information  (more…)

Warren Buffett – The World's Greatest Money Maker-Video

  
Education, Video
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If you invest in the stock market you’re almost 100% certain to have heard of Warren Buffett. Indeed, you’ve probably read books about him, or you might have read his annual shareholder letter, or even been to the spectacle that is the Berkshire Hathaway annual shareholders meeting.

Now’s your chance to watch an interesting documentary that offers an intimate look at the life of Warren Buffett. The documentary offers an eye opening view of how he runs the company (complete with a tour of his office), the annual shareholders meeting of Berkshire Hathaway, and a peak at his many eccentricities.

Of course the film also reviews how he made his money, how he operates, how he came to operate in the way he does, and how he thinks about his wealth which is in the tens of billions of dollars.

Using Hollywood Movies To Call Market Tops

  
  Education
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Previously we reported on Horseman Capital’s uncanny ability to generate market-beating returns (outperforming 98% of peers since 2012) despite having a net -50% short position offset by treasury longs. Now, we take a quick detour into one of the prop investment bets used by Horseman’s CIO, Russel Clark, namely Hollywood’s ability to pull a Dennis Gartman, and make a dramatic appearnace at all the key market inflection points.

From the July Horseman Letter:

I notice with interest, that Hollywood still retains its unmatched ability to call market tops. 2014 film, “Jack Ryan: Shadow Recruit” details a plan by Russia to crash the US dollar and destabilise the American financial system. At the time of the film’s release, 34 rubles bought 1 USD, while at time of writing you require 62 rubles to buy 1 USD. If anything, you could argue that sanctions, plus the US deal with Iran have been a plan hatched by the US to crash the ruble and destabilise the Russian financial system!

Another 2014 film was “Interstellar” a film I enjoyed so much that I think I have seen it three or four times. Curiously, the film begins in the future, but is never explicit in dates. A search on the internet has most people suggesting the film being set in 2060s or 2070s. The film implies that in the 2030 or 40s declining natural resources causes technological progress to reverse and humans to seek a new planet to call home. Curiously, since Interstellar’s release date sugar prices have fallen 35%, milk prices by 45%, and oil prices by 35%. (more…)

The 10 Alarming Things in Trading

  
  Education
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I was reading this article and started thinking about the ten scariest things in trading: The Top Ten Things That Make Horror Movies Scary. 

1. Fear of Death.  This is the ultimate fear, both existentially and psychologically. It isn’t really a horror movie if people don’t get killed.

In Trading: fear of depletion of assets.

2. The Dark. From our earliest childhood we are afraid of the dark – not the dark itself, but what it hides. It makes horror movies even scarier to watch them in a darkened theater, or a dark living room, right?

In Trading: not knowing enough news

3. Creepy, Crawly Things. Snakes, spiders, rats, and other crawling things are scary in and of themselves, but when they touch the skin, in the dark, it amplifies this common phobia.

In Trading: monthly expenses

4. Scary Places. Horror movies are full of scary places – graveyards, old houses, overgrown forests, dungeons, attics, basements. These are dark places, where evil things can hide. (more…)

10 Trend Commandments

  
  Education
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  1. You shall learn from successful trend followers to make big returns int he market.
  2. You shall follow the trend only, and have no guru that you bow down to.
  3. You shall not try to predict the future in vain, but follow the current price trend.
  4. You shall remember the stop loss to keep your capital safe, you shall know your exit before your entry is taken.
  5. Follow your trend following system all the days that you are trading, so that through discipline you will be successful.
  6. You shall not give up on trading because of a draw down.
  7. You shall not change a winning system because it has had a few losing trades.
  8. You shall trade with the principles that have proven to work for successful traders.
  9. You shall keep faith in your trend following even in range bound markets, a trend will begin anew.
  10. You shall not covet fundamentalists valuations, CNBC talking heads, newsletter predictions, holy grails, or the false claims of black box systems.

If you want news and entertainment watch Blue Channels, if you want to learn how to trade read AnirudhSethiReport.com

Unprofitable Traders Watch Blue Channels for Trading Ideas

  
Analysis, Education
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BLUE-CHANNELS

(Time spent watching tv, in all forms, not just Blue Channels is not good for you. The same is true with most social media where everyone is an expert and only makes winning trades. If you want to watch something – watch the charts and focus primarily on what you see not what you think or expect to see. Above all else, you must realize that what others think is good entertainment and a distraction for you but not much else.)

Contradictions

  
  Education
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Contradictions are what make love grow. Conflicts are what allow love to remain by our side.
Life is too short for us to keep important words, for example, ‘I love you’, locked in our hearts.
But do not always expect to hear the same words back. We love because we need to love. Otherwise, love loses all meaning and the sun ceases to shine.

And yet, even when Love does not appear, we remain open to its presence. Sometimes, when loneliness seems about to crush everything, the only way to resist is to keep on loving.

Our great goal in life is to love. The rest is silence.

We need to love. Even when it leads us to the land where the lakes are made of tears, to that secret, mysterious place, the land of tears!
Tears speak for themselves. And when we feel that we have cried all we needed to cry, they still continue to flow. And just when we believe that our life is destined to be a long walk through the Vale of Sorrows, the tears suddenly vanish.

Because we managed to keep our heart open, despite the pain.
Because we realised that the person who left us did not take the sun with them or leave darkness in their place. They simply left, and with every farewell comes a hidden hope.

It is better to have loved and lost than never to have loved at all.

Active Traders-Must Read These 42 Points

  
  Education
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What if you could read the principles for success for some of the world’s greatest traders? Well you can, here is how author Jack Schwager summed up the the similarities of the ‘Market Wizards’ he spent years interviewing in his second book.

The following is an summarized excerpt from Jack D Schwager’s book, The New Market Wizards. I highly recommend this book for all active traders.

  1. First Things First
    You sure you really want to trade ? It is common for people who think they want to trade to discover that they really don’t.
  2. Examine Your Motives
    Why do you really want to trade ? Did you say excitement ? Then don’t waste your money in market, you might be better off riding a roller coaster or taking up hand gliding.
    The market is a stern master. You need to do almost everything right to win. If parts of you are pulling in opposite directions, the game is lost before you start.
  3. Match The Trading Method To Your Personality
    It is critical to choose a method that is consistent with your your own personality and conflict level.
  4. It Is Absolutely Necessary To Have An Edge
    You cant win without an edge, even with the world’s greatest discipline and money management skills. If you don’t have an edge, all that money management and discipline will do for you is to guarantee that you will gradually bleed to death. Incidentally, if you don’t know what your edge is, you don’t have one.
  5. Derive A Method
    To have an edge, you must have a method. The type of method is not important, but having one is critical-and, of course, the method must have an edge.
  6. Developing A Method Is Hard Work
    Shortcuts rarely lead to trading success. Developing your own approach requires research, observation, and thought. Expect the process to take lots of time and hard work. Expect many dead ends and multiple failures before you find a successful trading approach that is right for you. Remember that you are playing against tens of thousands of professionals. Why should you be any better ? If it were that easy, there would be a lot more millionaire traders.
  7. Skill Versus Hard Work
    The general rule is that exceptional performance requires both natural talent and hard work to realize its potential. If the innate skill is lacking, hard work may provide proficiency, but not excellence.
    Virtually anyone can become a net profitable trader, but only a few have the inborn talent to become supertraders ! For this reason, it may be possible to teach trading success, but only upto a point. Be realistic in your goals.
  8. Good Trading Should Be Effortless
    Hard work refers to the preparatory process – the research and observation necessary to become a good trader – not to the trading itself.
    “In trading, just as in archery, whenever there is effort, force, straining, struggling, or trying, it’s wrong. You’re out of sync; you’re out of harmony with the market. The perfect trade is one that requires no effort.”
  9. Money Management and Risk Control
    Money management is even more important than the trading method. 

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