1. Market commentators say money’s going to be made by anyone who goes long volatility. You decide it’s time to:Find out what “going long volatility” means.
Look in the atlas. You know where Long Island is, but you’re not sure about Long Volatility.
Ignore them.
Sell options.
Buy options.
2. Tomorrow is your birthday and you’re feeling good. To celebrate your birthday, you’re going to:Buy […]
In How to Trade in Stocks, Jesse Livermore discussed “the folly of trying to find out a good reason why you should buy or sell a given stock.”He wrote in the context of the behavior of U.S. stocks, whose four major sectors – including steel makers – had risen after World War 2 began. While other sectors continued to advance, […]
I liked the quote from George Soros I used earlier this month, so I thought I’d dig out a few more words of wisdom.In doing so, I’m well aware that this is precisely the kind of activity a sucker loves to engage in. Jesse Livermore said:“The semi-sucker had read books about trading – usually written by yet higher grade suckers […]
