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a Volatility and money management journal...


Discussion in Psychology and Money Management

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darthtrader3.6's Avatar
 darthtrader3.6 
wny
 
Experience: Intermediate
Platform: ninja, excel
Trading: YM, equities
Posts: 86 since Jan 2010

I'll admit it..I'm incredibly greedy, self centered, over confident to the point that I care less about proving something to other people with a price journal when it comes to trading, I know I've done my homework...I'll never post a blotter, "call", whatever online..I just don't care if you think I know what I'm doing or not. Not to mention a web interface is hardly optimal for analysis in this area.
The idea of keeping track of my thoughts with a journal though is interesting, since I'm not an options trader and think volatility is just a mind blowing subject in and off itself..here we go...

Volatility is fucked up right now...Its easy to long everything with the VIX at 90, just like its easy to trend follow after 90 with a descending VIX at 40..

The only thing that can absolutely objectively be said about markets is that trading regimes don't last..
With this jump in the VIX and the insane divergence between international markets that has gone on the last 2 weeks..I'm smelling the first stink of regime change..

This journal though starts with the assumption that I have no clue what I'm talking about with volatility and regime change. Its my job to chronicle here though proof that my assumptions are right..

The money management part...I'm destroying Ralph Vince Handbook of Portfolio Mathematics starting next week.. Had the book for awhile, but having put myself through other forms of gambling since getting it, I can now come at it from a perspective to actually understand such a deep thinkers thoughts.
Not to mention that the entire idea of learning to "gamble" to make yourself a better trader and that all gamblers die broke came from Victor Niederhoffer...With Vince just happening to join his site last week...
Ralph Vince : Daily Speculations

My goal with this journal is to learn so much I no longer wish to post it with you.


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Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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darthtrader3.6 View Post
My goal with this journal is to learn so much I no longer wish to post it with you.

Are you there already?

Waiting for your first entry still

Mike




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Last Updated on May 5, 2010


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