Tag: Trading Education

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Tim Ferriss: The 4-Hour Body

A very interesting video by Tim Ferriss about his book The 4-Hour Body at Google Talk. If the book title has not stirred interest in you, the subtitle may – an uncommon guide to rapid fat-loss, incredible sex and becoming superhuman.

If you are interested in what Mr. Ferriss did to improve his physique, you can simply read his book.

What makes this video different is that he discussed his methods and experiments done in search of most effective ways to improve human performance.

One insight he has is very interesting – it is the extreme inform the mean not vice-versa. By studying the extreme cases, you learn a lot more about the characteristics of the things you want to understand than just looking at the average or the mean. Isn’t this true for trading for which the extremes matter more than the various summarizing averages and indicators?

 

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Sandrine Thuret: You Can Grow New Brain Cells. Here’s How

Trading puts a lot of stress on our brains. Stress hurts our brains. This talk sums up the latest understanding in neuroscience on how to keep our brains healthy. In short, to stay smart one needs to exercise, rest well, eat well and active learning. The extra part about sex … well, I will let you decide.

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Emanuel Derman: There’s Enough Math in Finance Already. What’s Missing is Imagination.

Mr. Derman delivers a good point in this short video without using math jargons. All these mathematics being used nowadays by the financial institutions are really glamorous excuses to either get clients to deploy their money so that the financial institutions can make money from the transactions, or, to place bets hoping the counter-parties are dumb enough not knowing the potential risk involved.

Retail trading against all these big players with calculated bets and those market making bots nowadays takes someone to think outside the box in order to win the game. Using analytical tools touted by the industry is a sure way to be cleaned out as the possible decisions you can make based on such tools are completely anticipated by your counter-party. This means understanding the structure of price movement is more important than ever as trading on the right side of order flow will give you the ability to ride the moves without being countered by the size players.

Smilingsynic’s Five Minute Flip, my STOPD and custom breadth analysis are concepts that capture the structure of the markets for which the staled financial industry cannot and will not believe in. This gives us tremendous advantage to stay ahead of the game. It is indeed being able to imagine a better way to project the future that keeps us profitable year after year.

Related Resouces

Smilingsynic’s Five Minute Flip presentation

Smilingsynic’s article Trading While Making a Living

Custom Market Breadth on US Stock Markets

Special Theory of Price Discovery (STOPD)