This author has yet to write their bio.Meanwhile lets just say that we are proud lbernut contributed a whooping 158 entries.
Diets don’t work. There has never been as many methods in the history of mankind. Meanwhile, we are all getting fatter year after year. Diets just solve the wrong problem. The issue is not the food we ingest; it is how we relate to it. If instead of juicy, delicious, melting, tender, we associated beefsteaks with increased risks of coronary […]
These are questions from the audience on the Better System Trader podcast with Andrew Swanscott. I am honored and humbled by the interest of listeners. We did not have time to cover all questions, so here are some written answers. If You have questions, please feel free to ask Trading Psychology From: Jim The mind plays […]
My answer to How do I overcome an addiction to forex trading? Answer by Laurent Bernut: Addiction to Forex trading has all the symptoms of alcohol or drug addiction. It is deceivingly easy. It is accessible. It does not require large amount of capital. It can be done anywhere on a smart phone. It gives […]
My answer to Stock trading: Is Short Interest Ratio (days to cover) no longer a useful indicator for short selling? Answer by Laurent Bernut: This ratio gives the illusion of usefulness. There are two variables here: volume and utilization. Volume tends to dry up in down markets but picks up in climaxes. So, number can […]
Introduction There are two position sizes: too little or too much. Too little when it is working and too much when it is not. Of course, our inner idiot compels us to take too little risk when we should be bold and vice versa when we should be prudent. Position sizing is this critical juncture […]
Answer by Laurent Bernut: if Quant means systematic then the answer is easy. Being a systematic trader is like being pregnant: either You are, either You are not. You cannot be half pregnant. 95% systematic with a 5% discretionary overlay is still 100% discretionary for a simple reason: the power of No. It is not […]
Answer by Laurent Bernut: This morning Palermo time, Andrew Swanscott from Better System Trader podcast interviewed me. The above question came up. The answer is Yes and it is No, the real question is when. Best analogy is driving, will driving faster get You to destination: Yes when on the highway but No when in […]
Andrew Swanscott has one of the best podcasts on trading out there. He has brilliantly interviewed world trading champions, legends such as Van Tharp, Larry Williams, Jerry Parker, Perry Kaufman etc. In each episode, there is a nugget of wisdom. One word of caution though: Better System Trader is more addictive than chocolate. It was an honour to be interviewed on […]
Answer by Laurent Bernut: @Quora: In trading, how can I stop getting emotional? Excellent answer from @Nate Anderson. Viktor Frankl (Man’s search for a meaning) survived both Auschwitz and Dachau. One of his most profound lessons was that: “between stimulus and response, there is a space called freedom”. You cannot control what is happening to You, […]
https://www.quora.com/What-do-the-fund-managers-that-consistently-beat-the-market-do-differently-when-picking-stocks-than-those-who-cant-beat-the-market Great fund managers are not smarter, they have smarter portfolio management habits. Making money is not about trying to be right, it is about accepting to be wrong and move on. That is much easier for married men… Portfolio Manager serenity prayer No manager consistently beats the markets. Every style has its peaks and […]