Blog Profile / Mercenary Trader
| URL : | http://www.mercenarytrader.com/ | |
|---|---|---|
| Filed Under: | Business & Finance / Investing | |
| Posts on Regator: | 769 | |
| Posts / Week: | 5.4 | |
| Archived Since: | August 23, 2010 | |
Blog Post Archive
Cutting Up an Ox
What inspiration can we take from Prince Wen Hui's cook?
Embrace Optionality and Don’t Drink Orange Juice: “Antifragile” Review
Nassim Taleb's "Antifragile" is well worth making time for. But if you can't, here is a top-of-mind recap...
Groupness
Trading Wisdom 62: "Coined by a social psychologist at Oxford University named Henri Tajfel, [groupness] refers to the tendency of various animals, including humans, to form in-groups.
2013 Resolution: Maximizing FLOW
Let's dig into what "Fluid Local Optimum" means. It's an idea that begins with poker, crosses over into trading, and then expands into daily life.
Diworsification
"[Diversification] is a refuge of investment wimps, owning a little bit of everything to avoid being wrong, but thereby ensuring never being really right either."
Kick Off the New Year With Poker in Biloxi!
What better way to kick off the New Year than with a juicy large-field poker tournament? Jack and Mike will be spending the first weekend of the year (Jan 4-9) in Biloxi MS for the annual Million Dollar Heater series. The opening event...Show More Summary
How Not To Be a Turkey
Trading Wisdom 60: "Not being a turkey" starts with figuring out the difference between true and manufactured stability..."
Modern Portfolio Theory is for Nitiots
In the following paragraphs, we shall defend the assertion that Modern Portfolio Theory is for Nitiots. To begin, let us define our terms: Modern Portfolio Theory (via investopedia): “A theory on how risk averse investors can construct...Show More Summary
From $8 a Month to $20 Billion
Trading Wisdom 59: "Twenty-five years ago, when Zong Qinghou was 42, he made his living selling soft drinks and popsicles to schoolchildren. He says he earned about $8 a month -- less than a third of China's average wage at the time..."
The Law of Diminishing Returns
In a presentation from the always thorough Jeff Gundlach, the slide posted at right, “S&P 500 peak performances during each Fed action,” stood out. The equity boosting effect of stimulus has grown smaller and smaller with each pass.Show More Summary
From AC to Biloxi
The first Mercenary trip to Atlantic City did not produce any WSOP final tables. But Mike cashed in the $1125 event, and Jack (yours truly) crushed the cash games for thousands, so things worked out...
The Benefits of Written Expression
Trading Wisdom 58: "In a series of important experiments from the 1980s to the 2000s, scientists showed that writing about trauma produced clear immune benefits."
Precarious Spot for the Majors
The major indices look vulnerable here, especially from a weekly perspective...
Conditioning Abnormal Responses
Trading Wisdom 57: "Normal human tendencies are traits that cause you to do poorly. Therefore, to be successful as a trader you need to condition abnormal responses..."
The Trading-Writing Connection
Trading Wisdom 56: "Trading, like writing, is a comparable voyage of discovery, with deeper level attractions for he (or she) who wishes to explore...."
Gold Whackage Perpetrator – Deviously Cunning or Total Idiot?
Whoever whacked the gold market Tuesday night is either deviously cunning or a complete idiot...
Putting Maker to the Test
We recently put Maker to the tournament test, and it passed... plus, meetup in Atlantic City December 6th - 10th!
Dominating a “Simple” Game
Trading Wisdom 55: "The remarkable thing here is not the practice effort Tinsley put in -- though that is remarkable in itself -- but the fact a game as basic as checkers can yield such a dominant competitive edge..."
Transaction Tax Update: Slow Traction in Europe, Unlikely in US
MM comment: The following is courtesy of our legal counsel, Cott Law Group, P.C. If you have further questions about the JOBS Act or any other legal counsel needs, feel free to contact them directly: Kevin Cott Cott Law Group, P.C.Show More Summary
Gold Looks Great… Gold Stocks Look Terrible
Gold and silver look excellent here... but the actual metal miners look like crap. An exploration as to possible reasons why...