"statistics" Posts
Is Day Trading For You
Many people find day trading very attractive as a career but never really spend the time to think it over before committing themselves to a surprise journey in hell. It is not what most people think and it is not suitable for most people. Following series of articles is a serious discussion on the subject […]
Veritasium: Can You Solve This?
Derek Muller is taking you on with this challenge. Can you figure it out? I better say, can you ask the right question to solve his puzzle? In trading, majority of the traders keep looking for clues to confirm their beliefs or conclusion. The better ones, however, look for clues to tell them when and […]
Range Based Look Back Technique
Indicator traders and trading system designers often use stock indicators from their trading platforms to construct their trading engagement methods and trading models. There are two problems when approaching the markets this way. First, you are using tools created by others that may have hidden issues. Specifically, it may not fit your risk profile while […]
SciShow: How To Predict The Odds Of Anything
Van Tharp: Money Management with R Multiples
Nassim Nicholas Taleb: Antifragile
Dan Gilbert: Why We Make Bad Decisions
Mr. Gilbert tells us how we keep making bad decisions even though we know clearly how not to. It is one of the original Ted Talks that really drive home the difficulties of making sound decisions that involve both time and money. Note: Be reminded that it is a long talk at 34 minutes. Perception […]
Minor Change In A Game
Lately, Canada’s national lottery game Lotto 6/49 increased its price per entry from $2 to $3. Promotional materials suggested that to compensate for the necessary change there is now a guaranteed price draw of one million dollars every draw. Well, since Lotto 6/49 is really the only game in town, those who like to play […]