I was moved to do some research on Nassim Nicholas Taleb by some reader comments on my expectancy post. I began by looking at the reviews of his book, Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets, over at Amazon. Here’s just one of the reviews: If the prescriptions [...]
Posted by 19 May 2004
Trading 101: Expectancy
Expectancy along with position sizing are probably the two most important factors in trading/investing success. Sadly most people have never even heard of the concept. Out of the 30 or so trading books I’ve read only a few even touch on any aspect of money management. Only one of those handful of books discussed expectancy. [...]
Posted by 16 July 2003
Trailing Stop Techniques
A friend just e-mailed this article to me, so I thought I’d also pass it along: My Best Trailing Stop Techniques. Exits are one of the most important aspects of investing/trading, yet far too many people plan how they’re going to get out of a stock. Trailing stops are a great way to manage exits. [...]
