the ladies traded very well, netting 2K for the week, using simple support & resistance levels, with good risk management and money management techniques. they traded 2 indices: Russell2000 and the DJIA, at contract per trade, with an initial risk of 250; they added some practrice tardes in some currencies later in the week fro […]
Tag: risk management
Blended monthly rebalancing strategy
Beginning July 1st I will be shifting the 331, 631 and 333 strategies to a “Blended Monthly Rebalancing” strategy in this space. As a result of the hard work and backtesting of many mastermind members I am satisfied that we have found a ruleset that offers improved reward:risk, and risk management. The 3 systems we […]
Reflections on risk management in organizations
Book review notes from “Surviving and thriving in uncertainty: Creating the risk intelligent enterprise” by Frederick Funston and Steven Wagner. Funston, F., & Wagner, S. (2010). Surviving and thriving in uncertainty: creating the risk intelligent enterprise. Jphn Wiley & Sons, Hoboken, NJ. I was led to this book during our environmental scanning for higher education. […]
Education advice for new traders
Image via Wikipedia Learning to survive in the world of daytrading and swing trading is no small undertaking. If it were easy, everyone could do it. The ocean of trading is filled with sharks who are looking to gobble up easy marks. You want to make sure that you’re not an easy catch for them. […]
10 sigma in the news again
Image via Wikipedia Risks are magnified after a historically volatile event like Thursday. The 11.3% intraday move was a 10 sigma event (if you treat the daily range of SPY as a normal Gaussian distribution). Per the excellent blog at http://www.aleph.se/andart/archives/2009/09/ten_sigma_numerics_and_finance.html, a 10 sigma event can be expected to occur in 1x 10^23 days or […]
Planning considerations for “insider” consultants
Image via Wikipedia as an inside consultant with considerable knowledge of the status quo, what kinds of procedures or checklists or attitudes do you think are necessary to ensure that we are taking a fresh look at a well-known situation to find root causes? How dangerous is it for the organization to have OD consultants […]
A reflection on entreprenurial spirit and stability operations, and engagement areas in nation-building
Image via Wikipedia Thoughts while TDY: action learning: a discipline/focus on actionable learning (see Lewin, Schein…) Planning: we seek to understand so that we can act Design: we act, iteratively, on the basis of fundamental principles, in order to learn we live life forwards, but understand it looking backwards we build nations and stabilize societies […]
Leadership and baby turtles
Image via Wikipedia Here is a point I want to make about attribution bias and survivor bias, with respect to leadership theory. Attribution bias is when we assign causation to something incorrectly; Survivorship bias is examining the survivors of an event or an era, to discover what they have in common so as to reverse […]
Reflections on leadership and risk management
Image via Wikipedia Carol: as you develop experience with working for new and different bosses, you find yourself with a standard strategy of how to size them up and find out what makes them tick so that you can work with them and for them? Do you find yourself spending more or less time with […]
Trader’s roundtable: correllation between ETFs
Image via Wikipedia In a recent discussion among traders, the idea of how to measure the correlation between various ETFs in the world market model arose. Here is my method: I set up a table, updated automatically daily iwant to compare the daily % gains and losses as the data points, then just pick the […]