Professional Trading Realities and Options

Anton Kreil on realities, past and future of investment environment. Laying out basic structures and options.

If you're studying to work in investment banking, this will give you more insight and likely save you time.

"You have to deal with the market you've inherited"

Sizing

.edart eht fo sterces uht fo enO
 The how much part..

Mostly light

80%

but sometimes heavy. 

20%

What type of trader are you? Planning? Strategic?..

Pure personality predisposition test. Honest answers will produce accurate results.

It will ask you for e-mail.

Clean cut + MM example.

3instinctively@gmail.com

Part of friday's live morning action.

triplelong1403gu from TemetNosce101 on Vimeo.



Earlier MM GU S Example

gbpshorts2 from TemetNosce101 on Vimeo.

Recommendation: "Hedge Fund Market Wizards"

Third of series. Relevant profiles. The more you know know the more you'll learn. It has secured a place in my top 3 if not the no. 1 spot of all time favorite non-technical trading books. 500 pages- money well spent. Also a present. Thank you J, you're a star.

Inside

Learning new languages just got easier.

Here are 100 words that make up 50% of most conversations learning which will surely speed the process up. Combined with immersive learning methodology like Rosetta Stone can produce major results in fraction of time compared to traditional ways.  Here they are:

$bcoin tulip fractal?

I recently posted this chart noticing some similarities between the two based on fractal work by @edmatts. I have been buying and selling bitcoins without leverage since early months of the year mentioned back in Our Trading Room days.

As mentioned in the room and on twitter-stream did take 40% off earlier on at around $250 highs to take the initial risk off. Bought some back at 50% retracement off first $900 highs at little below $500 and selling half of all exposure at under $1000 mainly based on those similarities.

No idea how far they will go and as much as I like the idea of de-centralized non-privately owned currency systems. I partly treat it as a trade so that's the logic behind it all. Leaving about 15% in just in case this time is different.

Looking into #Litecoin and #QuarkCoin and buying some at current rates just in case and for the record. FYI there are many more out there. Am curious which ones will survive. Loving ideas and models behind some of those new crypto-currencies.

Worth a follow.

Fair-minded author of a few independent documentaries regularly reporting on the economy through his channel

Can also be followed through his twitter-stream

The Wall Street Code

After 'Quants' and 'Money & Speed' comes 'The Wall Street Code' with some more insights into the inner workings of algo-trading business in a light documentary format.

How algorithms shape our world

Interesting Ted Talk by Kevin Slavin

Originally found on HPC Wire

TV station by traders for traders

Check this out.

Interactive television by traders, for traders. Sometimes serious,  they mean business with shows hosted by likes of:

                                           

Instruction manual

Tide is turning against the cabal? Insider trading of the FED to end? :) Sound money sooner than later?

Worth a watch. Interesting Interview with World Bank whistle-blower Karen Hudes on the work she and her colleagues  have done to shine light on practices of banking cartels. My asian sources have been reporting on topics discussed in this clip for a long time. That's a first western-world media example I came across. Positive overall. Smooth transition rather than 'Mad Max' Scenario.

Recent interview with Marc Faber

On skill-sets in demand & more

Interesting Post- "Why you need to unplug every 90 minutes"

[Thanks to Chris Bayer]

H1 Usd/Jpy Diamond reversal on D1/ 240 Levels, looking to hold longer-term. Traded live on the stream this morning. Position trade.

Even though I didn't get fully filled and took a half off quiet early on it's still ended up being a good trade and potentially a massive runner.

Plan posted on the stream live & before pattern played out.

Australian Sovereignty Party's Model

Bill Still presenting a solid model of self-governance proposed by people of Australia, with honest monetary policy and innovative tax-code.

ASP's website here

Recent interview with Peter Shiff

Good, fresh  interview with Peter Shiff on his businesses and current macro situation. The usual but a decent interview so worth a watch.

How to make better decisions- Documentary.

[Historically 4% of pilots are responsible for 40% of total kills(38:50).]

Interesting one on overriding emotional reactions, taxi driver's syndrome, priming, educated projections, post-rationalizing bad decisions & more.

We are bad at making decisions. According to science, our decisions are based on oversimplification, laziness and prejudice. And that's assuming that we haven't already been hijacked by our surroundings or led astray by our subconscious!

Featuring exclusive footage of experiments that show how our choices can be confounded by temperature, warped by post-rationalization and even manipulated by the future, Horizon presents a guide to better decision making, and introduces you to Mathematician Garth Sundem, who is convinced that conclusions can best be reached using simple maths and a pencil!

Mind over market

Rapid increase of trading account's size combined with trading live in front of others had an effect on my state of mind and I have noticed myself over-thinking some entries, clogging up & missing more opportunities than I used to.

I immediately focused attention on mental skills and created a free state of mind liquidating unnecessary thoughts & feelings while in action. Here is a good video interview with Mike Douglas "Mind over Market" which inspired me on how to do it.



[ Thanks to Mamood Venkataya ]


My results have increased significantly since and I expect May 2013 to be the highest net % return this year with no increase in average draw-down.

Book Recommendation- "Smart Thinking" by Art Markman

Improve your thinking & trading through work on your habits. Creating good ones and replacing bad ones.

Solid position on how to replace self-limiting habits with new behaviors that foster smart thinking.

The way your Memory works and how to maximize it.

Effective ways to present and process information

+ More

Thinking uses a lot of energy. That's why the brain is designed to think as little as possible.

The brain is a habit creating machine. Habits are created by consistent mapping and repetition. Habit change requires replacing bad habits with good ones

Habit- signature feature - an action you can perform automatically without having to think about it consciously.

[Click into book's graphic to take a look inside at Amazon's site]

Market Wizards

Unique position. One of a kind  insights into minds of winning players. So far my favorite book on trading. Broadens understanding of every aspects of the game- fundamentals, technicals, psychology, people & all of the above combined. I will never be the same afterwards. Guaranteed to be a valuable position in your trading library.

Currency Wars: The Making of the Next Global Crisis

Expand your macro-economic knowledge with this solid position. 

From Economic War Room Simulation to Complexity, Energy & Money.

Covering main battle gounds of Usd, Eur & Yuan on Pacific, Atlantic & other Global Fronts.

Views on Globalization, G20, Dubai as the New Casablanca, Moscow, Beijing & Correlated Collapse Scenario.

On Misuse of Economics and it's divorce from Politics, Science, Philosophy & Law and it's transition onto hard sciences of Applied Maths & old-school Physics.

On Monetization, Keynesianism & Behavioral Economics. 

Interesting chapter on Complexity Theory, Energy & Money. 

EndGame- Paper, Gold or Chaos?

[ Links to BUY below- the closer to your location the Better the deal ]

2 New Additions to the trading "Hall of Fame"

I have had these two on my radar for a while now and have to say that both really are delivering on quality action. Trade calls, price action analysis, market views, opinions & casual chatter. It's all there. Looking for more good follows? Check out "Hall of Fame". For now here the ones described above :

[Click into a graphic and you will be taken to trader's twitter profile]

 @Abgarman

Accurate entries,  valuable views & intelligent comments on a daily basis. Worthy addition to a trading column.

---------------------------------------------------------------------------------------

 @GeorgeStoykov

Retail Trader & Investor...and yes I don't think trading is investing...also a deep contrarian; BSc Finance & Minor in Economics; MSc Investment Analysics; MSc Investment Analysis

Hardly ever not in a trade. Very active trader with almost constant flow of information coming out of his stream. Solid & knowledgeable.

Blake Morrow's "Trading Chart Patterns Webinar"

Monday, October 29th 2012 6PM-7.30PM London Time

[Clcik into a graphic below if you want to be taken to registration page]




Blake Morrow's "Trading Chart Patterns Webinar"

29.95$ is a steal. Looks like Blake is going to refresh us on most profitable chart patterns he knows of. Although I like to think I know most of them well I'm all up for check up. Blake knows what he is doing and I bet it's going to be a good one.

Here is the webinar description:

Chart Patterns have always been a great guide for possible future price action and helps a trader develop trading plans and biases based on how "historically" a chart pattern plays out.

Blake will spend 90 minutes talking about specific chart patterns that are commonly found in the markets. He will focus on trend continuation patterns, common reversal patterns and "harmonic" patterns that most traders focus on. Although there are "candlestick" patterns that can develop to help assist you with your analysis, Blake will focus on certain formations he has found very important in his trading.

[US & UK Amazon links provided underneath each book for you to get the best deal]

The Memory Book: How to Remember Anything You Want

Improve your memory, IQ, creativity & imagination.

Interesting position by Tony Buzan.

Explains how memory works, core systems of memory training & more advanced  systems.

[Links below- the closer to your location the Better the deal ]