Statistics do not reveal risk. As I state in the summary for this myth, “risk can only be determined by an understanding and evaluation of the return drivers underlying any given trading strategy.”
In the Introduction to Jackass Investing, I first introduce the concept of “Return Drivers” and explain how a return driver is “the primary underlying condition that drives the price of a market.”
Sandor, who created the first interest rates futures in the 1970s and later a market for carbon emissions, envisioned interest rate futures because he understood the basic purpose of futures and saw a need.
As is usually the case with Melamed, he just returned from a trip to China where he continues to attempt to plant the CME Group flag in that emerged economy and emerging global leader.
The most successful traders that I have interviewed — and I have interviewed a lot — take a long-term approach to trading and information.
This competition is an annual event and the number of schools that participate has grown each year - with 179 schools from 26 countries and over 320 teams competing in 2013.
While no one likes a tax increase, which this basically is, people tend to accept it and move on. However, the data fees announced by CME Group stand to have a much larger impact....
Trading and gambling are both fundamentally stochastic, that is unpredictable, and because of this they are often viewed negatively. We feel an “honest effort” has more predictability to it, and we may hold those who take too much risk in disdain.
What sorts of errors did a young trader like myself make earlier in his career? All of the usual – i.e., expensive – ones. A short list of my mistakes looks something like this:
Being the good traders they are, Attain Capital Management recently took the time to watch and review the two movies to debut earlier this year on Alpha TV, "Floored" and "Cancel Crash."