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How to Be a Great Trader (Or Achieve Greatness in Your Field)

I came across a very interesting talk by Richard Hamming (inventor of Hamming Code) titled ‘You and Your Research’ (link here). Hammond worked at Bell Labs, and subsequently worked on the atomic bomb project in the U.S. and interacted with many of the great scientific minds of his time. He felt that he was a … Continue reading

ACM Articles on HFT Technology and Algorithms

There are two interesting articles on HFT at ACM (links here and here). They contain various tidbits of information. The figures quoted are pretty interesting, as they really show how competitive the space has become, and how much money and brain power has been thrown into the field with the allure of big money. HFT Requirements … Continue reading

Fundamental Law of Active Management – Value Investing vs. Trading

I have been taking the Computational Investing, Part I course at Coursera taught by Dr. Tucker Balch from Georgia Tech (also co-founder and CTO of Lucena Research). In one of the classes, he talks about the Fundamental Law of Active Management from Grinold and Kahn and uses it to link the performance between a value investor like … Continue reading

Book Review of Twelve Habitudes of Highly Successful Traders by Ruth Barrons Roosevelt

As regular readers of this blog will know, I am a sucker for books published by Traders Press. They always give me the impression that their books have more substance, less fluff. This is a trading psychology book. It’s a thin volume, but it goes through 12 keys areas in the psychology make-up of a … Continue reading

Book Review of Secrets of the Trading Pros by H. Jack Bouroudjian

The full title of this book is Secrets of the Trading Pros: Techniques and Tips That Pros Use to Beat the Market by Hagop Jack Bouroudjian (2007). Jack had been a floor trader, ran the equity futures operations of Nikko Securities on the Chicago Mercantile Exchange (CME) floor, and served on the CME board of … Continue reading

Book Review of The Four Cardinal Principles of Trading by Bruce Babcock

The full title of this book is The Four Cardinal Principles of Trading: How the World’s Top Traders Identify Trends, Cut Losses, Maximize Profits & Manage Risk by Bruce Babcock (1996). This is a pretty unique book which focuses on trading techniques, specifically techniques to identify the trend, cut losses, let winners run, and manage risk. … Continue reading

Book Review of The Janus Factor: Trend Follower’s Guide to Market Dialectics by Gary Anderson

The full title of this book is The Janus Factor: Trend Follower’s Guide to Market Dialectics by Gary Edwin Anderson (2012). This book presents a trading strategy based on relative strength and relative momentum. It classifies the market into two regimes: trending, and contrarian. In a trending regime, strong stocks get bought, weak stocks get sold, … Continue reading

Book Review of The Investor’s Quotient by Jake Bernstein

The full title of this book is The Investor’s Quotient: The Psychology of Successful Investing in Commodities & Stocks, 2nd Edition by Jake Bernstein (1993). This is a really excellent book on trading psychology. The book covers the reasons why traders find it so difficult to following their trading plan, and what they can do to … Continue reading

A Simple Trend-Following Method from Jim Prince

I just watched this webinar by Jim Prince, titled Trading Market Cycles: A Stress-Reducing Approach to Timing Entries and Exits. Jim Prince is the Director of Trading Education at You can find a recording of the webinar here, and a similar recording here. Jim presented a simple trend-following method, using the slope of the 50-period … Continue reading

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