Tuesday, July 16, 2019

Action Changes Things

Let me spell it out even bolder (pun intended): Action Changes Things.

Yes, it does. We all know that, but sometimes, perhaps even too often, seem to forget about it.

As far quotes about taking action go, I must confess that my favorite one is this: "Action creates clarity." I like it not just for its brevity, but also, and even more importantly, because it sounds so true.

This quote is among a number of useful and hopefully inspiring quotes I collected on my e-mini futures trading site in one of the many articles in the section called "A Word of Advice". It is mostly  trading advice, but it can apply outside of trading as well.

When it comes to longer quotes about taking action, but especially commitment - that capricious little brother of action taking - my by far most favorite quote is one from William Hutchison Murray.

It goes as follows.

Until one is committed, there is hesitancy, the chance to draw back, always ineffectiveness. Concerning all acts of initiative and creation, there is one elementary truth the ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, then providence moves too.

All sorts of things occur to help one that would never otherwise have occurred. A whole stream of events issues from the decision, raising in one's favour all manner of unforeseen incidents, meetings and material assistance which no man could have dreamed would have come his way.

Whatever you can do or dream you can, begin it. Boldness has genius, power and magic in it. Begin it now.

It is a beautiful, almost lyrical, piece of wisdom. You can bet that I mentioned it on my site as well, but locating it there now may be a bit of a problem as my site has over the years, 13 and counting, grown quite large. I think you should be able to find it in this section of articles about my flagship e-mini futures product, KING, a day trading course.

I believe more information is better than less information, and this approach works for me, but that does not mean that everything I feel like communicating has to be done through my site. This blog, which is an essential extension of the site, may serve this purpose as well.

Take action then.

If you are interested in KING or trading in general (especially e-mini futures trading that I specialize in), check out my futures website to see if it can help you. Feel free to contact me if you are considering purchasing KING. While my business is a bit in slow-mo these days, I try to reply as soon as possible. If I can't do this within 24 hours, I will do my best to reply within 2-3 days.

Sunday, May 12, 2019

Micro e-mini futures - a new futures trading vehicle

This past week, the second week of May 2019, a new trading vehicle was launched by the CME (Chicago Mercantile Exchange). Or a whole class of them, actually.

I mean micro e-mini futures, something even tinier than e-mini futures contracts that are already a downsized (mini) version of full futures contracts that have been around for quite a long stretch of time now.

You can learn more about e-mini futures contracts from my site.

You can learn basics of these new trading vehicles from the two videos I embedded below. I plan to write a bit more about this on my site as well once I start updating it again, which should happen in the next few weeks or so.

The first video is rather brief, while the other lasts a bit over an hour.

Wednesday, March 27, 2019

158 and the biggest financial scam(s)

158 is a semi-prime or an almost prime. As such, by definition, it is a product of two primes. Here, the primes are 79 and 2 as 158=79*2. For more about primes and my slight obsession with them, see one of my previous posts on this blog through the link provided.

It's also the number of years Bernie Madoff, a man so talented that he managed to scam his clients to the tune of 65 billion dollars (65=13*5, another almost prime), is supposed to serve, though no one is really betting that he will complete his sentence. Perhaps in spirit, but definitely not in flesh.

I was reminded of this thing by a relatively recent YouTube video about Elizabeth Holmes, another fine scam artist, once worth over 4 billion dollars (according to Forbes), now another worthless criminal. Her story is as incredible as that of Madoff's, which a story of great gullibility on the part of seemingly astute investors and of a brazen act of deception on her's.

This video is embedded for your viewing pleasure right below.

The video provides valuable information about how scam artists operate. One of the more salient traits of their personas, probably very natural to them, is a tendency to pretend to be someone greater than they really are. This projection of greatness and excellence can fool many into thinking that they deal with a  genuine visionary. Holmes went as far as to adopt Steve Job's trademark turtleneck to suggest there is some semblance between her and the late Apple founder.

I mention this because these days in the age of the Internet pretending to be someone you are not is easier than ever. Have you noticed the staggering numbers of Twitter followers that some trading vendors have? Most likely so. Considering how easy (not to mention cheap) it is to buy Twitter followers, I am more inclined to trust those who have only a moderate following because it is obvious that they definitely do not try to manipulate me by inflating these numbers. That's a contrarian in me thinking aloud.

Speaking of which, my own Twitter following is not very impressive, fluctuating around 330 (plus or minus 10 or so), but I can live with that. In fact, I like it this way as it sends a right signal to those who can think critically or, more precisely, in a contrarian manner. Very often people like that make good traders.

Check, however, my Twitter media section with almost 2000 screenshots featuring individual trade results and you will see where I truly excel. Let me embed one of the last such screenshots right below.

Yet, most people feel comfortable in the crowd.

This is not necessarily a bad thing, and rather natural too, because at times it can genuinely be helpful to be part of the crowd and use it as a shield. Too often, though, people extend this need for safety into situations where such safety is not needed at all. What this means is that they act from a position of fear, quite imaginary too. Manipulators know that and they use it to their advantage. The whole marketing industry owes its rather dubious reputation to constantly inventing (or reinventing) fear. If you still don't own something you are probably not good enough. You gotta have it! Just like all those other people. In situations like that, the crowd may not be on your side for it may used to seduce you into buying things you probably don't need.

I suggest that in choosing people to do business with you focus on the results these people can produce and on how long they have been able to stay in business. These two things are often related. For instance, my vendor business has been around for over 13 years now, and the results some of my trading products are able to generate (KING in particular) can be described as spectacularly good, though I will not claim that everyone can make equally good use of them (or it). That may not be possible, even in principle.

Still, your best bet in this business (and many others) is to go with something demonstrated to work rather than something offered by a guy trying to charm you as a second coming of Steve Jobs (or something).

Tuesday, March 05, 2019

Recent finance research for traders

It makes sense to check out some finance or economics research papers if you are a trader. Especially, the kind dedicated to quantitative finance, the kind you are practically obligated to follow if you are a quant.

There is a repository for this kind of things, a place where researchers in these fields deposit their preprints for all the other people to read if they fancy (as they say, chiefly in Britain) doing that.

It is called Arxiv and, like many things of any use at all, is an idea of some physicists, perhaps just one, Paul Ginsparg. Other things invented by physicists are too numerous to list, but the WWW and the Internet are definitely among them. Originally meant only for physics papers, it has grown to include mathematics, computer science, and other fields, including quantitative finance and economics.

If you are trader, you should find papers on financial bubbles and crashes of particular interest. Not so long ago, I posted a link to one of such papers in my Twitter feed.

You can find more of them in arxiv. Didier Sornette, one of the authors of the paper mentioned by me on Twitter, is particularly known for research in this area. You can find his papers on arxiv here.

While I have not written any research papers in the finance or economics related fields, you can find my papers in there too (in physics and mathematics sections), starting from 1995 with the last paper being about some bias in the distribution of primes that I mentioned first on this very blog.

Thursday, February 21, 2019

Yes, KING is available (again)

The interest in KING continues... Even though I am still travelling and so I am less active in my business than in the first part of 2018.

Because of that I thought I would make KING available once again. This time until the first day of spring, that is, in the next 30 days or so, you can get it again. Keep in mind that I may close this offer sooner, so don't wait too long. If you are interested in purchasing KING, feel free to contact me by email. Some have already done so this year.

Serious, committed prospective students, please. I don't like curiosity seekers very much and I even don't hide that. Still, in the past I would usually reply at least once when contacted by them. This time, I may not do so.

Please also read this recent post for what you should expect or how this is done. Also, do read as much as you can about KING, especially its FAQ.

I strongly believe in KING, but it's even more important that you believe in it too. Please check out this recent post to see what I mean by it. Self-confidence is of paramount importance. But then again, those most likely to succeed as traders usually don't lack it.

I will keep the price still at the same level as last December, but only till the end of February 2019. Then, it's $1300, still $100 off the regular price. When I am done with my extended travelling, it will back to $1400 or $1500.

Tuesday, February 12, 2019

Raise your expectations - not only for kids ...

Quite recently, I came across this video (see it embedded below) that features Steve Siebold being interviewed about raising kids to be successful. I also shared it in my Twitter feed.

One of the good points, among many others, that he brings up is the importance of teaching kids to embrace higher expectations. Of course, adults can benefit from this great piece of advice too.

This is very much the issue I talk about in another post on this blog that is still very fresh being just a few days old. Namely, that you can do better than you actually think you can.

The key to exceeding your expectations is getting comfortable with the thought that you can really do it, which is precisely the same as embracing higher expectations. Make it a habit. Don't shortchange yourself. Many successful people do it quite naturally. They know that the road of low expectations leads nowhere. They may have learned it from their parents (and that's the best way to learn) or the hard way (that can be a very expensive way to learn).

Sadly, there are also people who will never even entertain this idea. If you are one of them, you will be struggling as a trader, so the sooner your embrace it, the better. That is, if you are serious about your success, say, the way a professional athlete is. There isn't much room for amateurs in trading, anyway. You will either grow by challenging yourself or you will perish perhaps even having lost a fortune or two.

Saturday, February 09, 2019

KING videos and stuff

I was recently contacted by a person, a potential KING student, who somehow could not locate several videos pertaining to KING that I posted on YouTube and linked to my site in a section that collects them all.

It's called Preview (as in "preview of coming attractions") and is one of several in-depth sections that present various aspects of KING, an e-mini futures day trading course that has been around for a bit over 10 years now. In this section, you will find 15 such videos, which to me is plenty.

While it's not very likely that you will not be able to find these videos if you really are interested in KING, I thought I might as well try to make finding them even easier by writing this post and, along with announcing an obvious thing that such videos do exit, by providing links to them.

One link is thus above. It is the link to the main thing.

The link to my YouTube channel is here. The channel is followed by the finest 43 in this part of the Universe. Feel free to join them if you wish. 43 is a very prime number too.

There you can also watch them. You will also find there other videos, such as created by me with mechanical trading systems called George in mind. The systems are now included in KING's package, so you get them when you purchase KING.

Finally, let me embed one of KING videos in this post. This way, you can watch it right away.

But don't focus on the videos only. There is plenty of other kinds of information in KING's part of my site.

Perhaps the most interesting is what is not even on my site, but in my Twitter's feed media section that hosts nearly 2000 trades executed in real time for everyone to follow with a slight delay of usually a minute or so (sometimes just several seconds). I was posting them between 2013 and 2016, so that's some 3 years.

And here's a section with trading results that I would post for several years prior to starting doing it trade by trade on Twitter. They span a period of over 7 years.

I think that these results and my willingness to report them in near real time on Twitter hold more weight than most trading videos you will ever see on the Internet. After all, every marketer can create such videos and even much nicer, but how many of them can actually demonstrate a trading prowess spanning years? That's a rhetorical question, of course.