There’s a very interesting entry today at the Trading Psychology Weblog. Not only is there a list of very astute observations about trading, but there’s also an announcement of the Syracuse Trading Project. Here’s a snippet:
Hypotheses exist to be put to the test. We don’t really *know* what goes into making a good trader until we try to make good traders. Therein lies the rub. No rational person would devote an intensive quantity of time to becoming a guinea pig for untested ideas…and yet support for such ideas requires such guinea pigs.
Accordingly, I have announced to my Dean and Faculty that I am stepping down from my full-time position at Upstate Medical University to become the world’s first full-time, multi-year guinea pig for an experiment in developing trading expertise. With myself as a case study (and fully cognizant of the value and limits of such case study research), I will be spending full-time researching and trading the markets, developing my trading methodology, and engaging in learning and self-development activities designed to cultivate trading expertise.
I am calling this the Syracuse Trading Project, and it will not answer all questions about the development of trading expertise–and may even raise more questions than it resolves! But I am confident that it will address the most important question of all: Whether scientific inquiry and accelerated learning can produce superior trading results over time.
And:
During the summer, the Weblog will morph into a site that tracks the Syracuse Trading Project. I anticipate keeping a real time log of my trades, research, P/L, and equity curve on the site–and will maintain a complete set of account statements to validate the results.
Should be interesting to watch this project. From what I’ve seen Brett has a very good handle on trading.
