Traders are constantly looking for the secrets of trading success, but they keep looking in the wrong places and at the wrong things. Typically they tend to gravitate towards high win rate systems, or variations of that same theme (the desire to be right). However, being...
“From my earlier falilures, I knew that no matter how confident I was in making any one bet I could still be wrong – and that proper diversification was the key to reducing risks without reducing returns. If I could build a portfolio filled with high...
“Success consists of going from failure to failure without loss of enthusiasm” – Winston Churchill All traders wish they could not lose. I do not think any trader wakes up in the morning actually expecting to lose. However, loss is simply a part of trading (and...
In previous articles we have learned about the importance of monetary and fiscal policy decisions, and how they can generate fruitful or unfruitful environments for economic performance. Today, following in the footsteps of the market wizard Ray Dalio, we shall explore a simple way that retail...
In previous articles we have discussed how policymakers influence the economy and how to understand the possible future effects of policy decisions on the economy. In this third blog post we will tie this into the business cycle and offer practical suggestions for understanding where we...
As we have noted in a previous article, monetary and fiscal policy – as well as legislation and military actions – set the environment within the economic machine operates. In order to understand the long-term picture, and understand the potential effects of policymaker decisions, we need...
