If there’s one thing i realized after joining twitter, that’d be:
if you want to make money in the markets, devote your attention to these:
Price
Volume
Trend
Risk
Process
Discipline
Emotional control
Your own trading plan
Ignore these:
Predictions
Opinions
Gurus
The media
The greatest misconception in Quant Finance is the power ascribed to the models.
People seek the highest math, the best inputs and the choicest data, where all along, it's sound theory and assumptions that make it work.
Algorithms don't make successful strategies, people do.
Systematic models are highly subject to alpha decay, as widespread & hefty processing power relentlessly chase anomalies.
Discretionary models less so, but highly prone to human error & discipline variance.
My ultimate combo: constant discretionary innovation to quant systems.
The #US and #NATO are in no position to judge any country, ostensibly on the moral high ground, unless they apologize and compensate for the damage and sufferings they imposed on the people in #Yugoslavia, #Iraq, #Syria and #Afghanistan ...
Right move. As Henry Kissinger said, "To be an enemy of the US is dangerous, but to be a friend is fatal. All countries leaders need to remember this. "
SENIOR CHINESE DIPLOMAT WANG YI SAYS HOPES AFGHANISTAN TO FUIFILL COMMITMENT TO NOT ALLOW ANY EXTERNAL FORCES TO USE ITS TERRITORY TO OPPOSE NEIGHBOURS OR HARM SECURITY OF OTHER NATIONS
Today Putin is blocking hundreds of ships filled with wheat in the Black Sea.
I call on Putin to let these ships go.
Europe must step up to this challenge.
We have assigned at least €2.5 billion until 2024 to help those regions most affected by food insecurity.
QUESTION: What happens if you print $4.7 trillion, force it to find a home at 0% rates, then let rates rise (bonds selloff) in an uncontrolled manner?
This is elementary finance, which is why the Fed doesn't understand. (1/
@chigrl So what. It is still one of the largest investor in renewable energies. Large scale carbon capture projects. Hydrogen fuel. EV batteries. Largest solar panel manufacturer. China invests more on RE than Europe etc.
Right now is a great time to explore trend following in the context of what works and what works for you. Almost every trend model worth its salt is going to be long crude oil. However, vol targeters will be reducing positions to reduce risk given the move and volatilty. 1/5
Markets are not efficient
Saying they are efficient because most people fail is like saying professional athletes are not real because most people are fat and slow. In one area we focus on the all losers, in the other, the winners.
The lesson in both: Rarely bet on yourself.
In higher volatility markets and pullbacks - much higher cash offsets a lot of volatility, also being positioned in uptrends in commodities, energy, staples and materials helps.
Staying focused on not overtrading preserves mental and financial capital.