word of the day (TT remix)

[jibiko]

Trading

Trading is a pattern recognition numbers game.

Trading is not a sprint; it's boxing. The market will beat you up,
screw with your head, and do anything it can to defeat you.
But when the bell sounds at the end of the twelfth round,
you must be standing in the ring in order to win.

Trading is probably the hardest thing you'll ever attempt to be successful at.
That's not because it requires intellect; quite the contrary!
But because the more you think you know, the less successful you'll be.

(notes from various books)

[jibiko]

KISS

[jibiko]

π (film)___

[jibiko]

Tape Reading

Tape Reading is the art of determining the immediate trend of prices.
Recognizing the trend and getting in at the right moment is only one-half of the business.
Knowing when to close a trade is just as important if not the most important part of a complete transaction.

Tape Reading is a good deal like laying eggs.
If the hen is not left to pick up the necessary food and retire in peace to her nest,
she will not produce properly.
If she is worried by dogs and small boys, or tries to lay seven eggs out of material for six,
the net proceeds may be an omelet.

from The Day Trader's Bible - RICHARD D. WYKOFF -

[Knight Rider]

Strategy
A strategy is a plan of action designed to achieve a particular goal. Strategy deals with the how part rather than the what . The word strategy has military connotations, because it derives from the Greek word for general.

Strategy is distinct from tactics. In military terms, tactics is concerned with the conduct of an engagement while strategy is concerned with how different engagements are linked. In other words, how a battle is fought is a matter of tactics: the terms that it is fought on and whether it should be fought at all is a matter of strategy.

http://en.wikipedia.org/wiki/Strategy

[Knight Rider]

Chat Room
The term chat room, or chatroom, is primarily used by mass media to describe any form of synchronous conferencing, occasionally even asynchronous conferencing. The term can thus mean any technology ranging from real-time online chat over instant messaging and online forums to fully immersive graphical social environments.

http://en.wikipedia.org/wiki/Chat_room

[Knight Rider]

Downtime


The term downtime is used to refer to periods when a system is unavailable. Downtime or outage duration refers to a period of time that a system fails to provide or perform its primary function. Reliability, Availability, Recovery, and Unavailability are related concepts. The expected Unavailability is the percentage of a timespan that a system is unavailable or offline. This is usually a result of the system failing to function because of an unplanned event, or because of routine maintenance.
The term is commonly applied to networks and servers. The common reasons for unplanned outages are system failures (such as a crash) or communications failures (commonly known as network outage).
The term is also commonly applied in industrial environments in relation to failures in industrial production equipment. Some facilities measure the downtime incurred during a work shift, or during a 12 or 24-hour period. Another common practice is to identify each downtime event as having an operational, electrical or mechanical origin.

http://en.wikipedia.org/wiki/Downtime

[Knight Rider]

Hennessy Cognac Gold Cup

The Hennessy Cognac Gold Cup is a Grade 3 National Hunt chase in Great Britain which is open to horses aged four years or older. It is run at Newbury over a distance of 3 miles and 2½ furlongs (5,331 metres), and during its running there are twenty-one fences to be jumped. It is a handicap race, and it is scheduled to take place each year in late November or early December.
The event was first run in 1957, and it initially took place at Cheltenham. The inaugural winner, Mandarin, was owned by Peggy Hennessy, a member of the family which founded the race's sponsoring company, Hennessy. The event was moved to its present venue, Newbury, in 1960, and it was won by Mandarin for a second time in 1961. Its association with Hennessy has continued throughout its history, and this now represents Britain's longest commercial sponsorship of a horse race. This record was previously held by the Whitbread Gold Cup, a race which was established seven months before the "Hennessy", and which was sponsored by Whitbread until 2001.
The Hennessy Cognac Gold Cup has been won by seven horses which have also won the most prestigious chase in Britain, the Cheltenham Gold Cup. These include Mill House, Arkle and, most recently, Denman.

http://en.wikipedia.org/wiki/Hennessy_Cognac_Gold_Cup

[Knight Rider]

Statistics
Statistics is the science of making effective use of numerical data relating to groups of individuals or experiments. It deals with all aspects of this, including not only the collection, analysis and interpretation of such data, but also the planning of the collection of data, in terms of the design of surveys and experiments.
A statistician is someone who is particularly versed in the ways of thinking necessary for the successful application of statistical analysis. Often such people have gained this experience after starting work in any of a list of fields of application of statistics. There is also a discipline called mathematical statistics, which is concerned with the theoretical basis of the subject.
The word statistics can either be singular or plural. In its singular form, statistics refers to the mathematical science discussed in this article. In its plural form, statistics is the plural of the word statistic, which refers to a quantity (such as a mean) calculated from a set of data.

http://en.wikipedia.org/wiki/Statistics

A Statiscian.....

............Statto.........aka Angus Loughran......

[jibiko]

Game theory

[jibiko]

Copyleft

Anti-copyright

Kopimi

[jibiko]

Edge & Trading

Elements of an Edge

To find an edge, you need to locate entry points where
there is a greater than normal probability that
the market will move in a particular direction
within your desired time frame.

You then pair those entries with an exit strategy
designed to profit from the type of moves for which the entry is designed.
Simply put, to maximize your edge,
entry strategies should be paired with exit strategies.

Entry strategies can be paired with many different types of exit strategies.
It is possible for an entry signal to have an edge
that is significant for the short term time
but not for the medium term time or long term time.
Conversely, it is possible to have an exit signal that
has an edge for long term time systems
but not for the short term time.

When you are examining entry signals,
you care about the price movement subsequent
to the occurrence of the market actions that constitute the signal.
One way to look at this movement is to
break the price movement into two parts:
the good part and the bad part.
Good price movement is that which progresses in the direction of the trade.
In other words, when you lay, it's good when a market moves up
and bad when it moves down,
and when you back,
it's good when a market moves down and bad when it moves up.

If the winning trades did not earn enough on average to offset the losses,
in the end we will lose money.
Every profitable trading system has a different optimal exit point.
The proper exit for winning positions
is one of the most important aspects of trading and the least appreciated.
However, it can make the difference between winning and losing.

There is a random distribution between wins and losses
for any given set of variables that define an edge.
An edge is nothing more than an indication
of a higher probability of one thing happening over another.


Trading

The primary goal of trading should be to stay in the game.
Time is on your side.
A system or method with positive expectation eventually will pay you,
sometimes beyond your wildest dreams.
This can happen only if you can continue trading.
For traders, death comes in two forms:
a slow painful death that causes traders to stop
out of anguish and frustration and a spectacular rapid death, a blowup.

A good basis for successful trading, can be summed up in the following four core principles:

1. Trade with an Edge: Find a trading strategy that will produce
positive returns over the long run because it has a positive expectation.

2. Manage Risk: Control risk so that you can continue to trade
or you may not be around to see the benefits
of a positive expectation system.

3. Be Consistent: Execute your plan consistently to achieve the positive expectation of your system. Consistency executing the system is the key.

4. Keep It Simple: The core of an approach can be simple.
This is simple and easy to understand, not easy to do.

(notes from various books)

p.s. Another Edge

[jibiko]

too much google makes me sick

http://www.google-watch.org/

http://www.scroogle.org/

___________
2010, still not loving cockroaches.

[doubleback]

When Friedrich Nietzsche declared "God is dead", F*CK became the most important word in the English language.

[jibiko]

fook me

get the f**k out