Old Posts Tagged with "probability"

These are Blog Archives
Here you can find links to old content I had on the blog, prior to switching to our group pages. Have fun looking around... some of it is pretty good! If you are looking for the best of the best posts from both the old and new eras, then go to the Articles Page. If you want the newest material, browse the public group (and the google waves associated with it).

How to Tell If You Are a Good Trader

Posted on October 1st, 2006
Written by Richard

Have you ever heard the cliché “I’m only as good as my last trade”? In other words, if I’m losing money, I must be a bad trader. I think just about everyone would say that of course that’s not true. But, I know I still have to fight that feeling when I [...]

Coin-flipping your way to riches

Posted on June 11th, 2006
Written by Richard

There’s a hypothetical scam that I’ve seen outlined in two trading books now, and I think it’s clever so I want to share it. A book I’m reading right now kind of turns its idea inside-out, with scary implications.
Anyway, the scam goes like this: Say you want to grow your investment advisory business. [...]

We are all at risk!

Posted on May 20th, 2006
Written by Richard

We are all, theoretically, at risk of total financial ruin. Imagine you find a system with a 99.9% success rate, an average per-trade gain of 50% equity, and an average loss of only 0.01% of equity. You would use it, right? So would I! After all, the expectancy would be: [...]