Exploiting the edge from historical market patterns
Monday, October 10, 2016
A Parable for November
You have a cross-country trip to take, and it's a must-do trip. You have to leave immediately and all that are available is a charter plane and your choice of two available pilots. The first pilot has flown this plane before but has a longstanding negative reputation as being someone who will overcharge you and most likely take you to unannounced stops before (possibly) arriving at your destination. The second pilot loudly announces how great the ride will be and how dishonest the other pilot is, but has never flown a plane before. Must-do trip. Two pilots. Your choice. Further Reading: Why Character Matters .
Author of The Psychology of Trading (Wiley, 2003), Enhancing Trader Performance (Wiley, 2006), and The Daily Trading Coach (Wiley, 2009) with an interest in using historical patterns in markets to find a trading edge. I am also interested in performance enhancement among traders, drawing upon research from expert performers in various fields. I took a leave from blogging starting May, 2010 due to my role at a global macro hedge fund. Blogging resumed in February, 2014, along with regular posting to Twitter and StockTwits (@steenbab).