This author has yet to write their bio.Meanwhile lets just say that we are proud lbernut contributed a whooping 158 entries.
1. Trading journal 2. Tip of the day: Triage, kick out the free loaders and never trade laggards 1. Trading journal: Round 2, time to short again and don’t complain there aren’t enough short ideas This is the big day, time to get back in the ring. Short squeeze came and went. Now, stocks are rolling […]
Trading Journal 20160203 1. Trading Journal 2. Tip of the day Trading Journal As explained in a previous post, Shorts entered after a squeeze offer better visibility and have higher probability of success. So, the alert pad came back quite full. Most of the signals are frequent flyers on the short side. Shorts are like a glasses […]
January 2016 was a difficult month for investors. According to Barry Ritholtz:s, 93% of investors lost money. Feeling helpless and crushed while watching your investments melt away is a terrible feeling that takes a devastating toll on emotional capital. There can’t possibly be anything worse feeling, except perhaps a skill aspiring short sellers have to […]
My @Quora comment on an answer to What does it mean to short the volatility index? : My @Quora comment on an answer to What does it mean to short the volatility index? If You ask this question, it means one thing: You are an amateur and You are not worthy of trading it. […]
Answer by Laurent Bernut: This is answer to a question on Quora.com This is a novice question that lead to two unprofitable biases: fairness bias and confirmation bias When new to the fascinating short world, we want to short overvalued stocks. They believe that this has gone too far and that it “should” go down […]
This is a test. If You find value in this trading journal, please let us know. If there are topics You would like to see covered, please comment and suggest. This journal exists only because You find it useful. So, help us create something You need. 1. No signals today 2. Trading activity Last night. Risk at this […]
The 30s’ are usually remembered as the “Great Depression era”. Yet, from 1932 to 1937, despite abject poverty on main street, what was left of Wall Street enjoyed an exceptionally resilient bull market. The government had found a new tool called pump priming, inspired from an economist (only they can get away with such awful […]
Answer by Laurent Bernut: “Forecasting is a difficult business, particularly when it is about the future”, Yogi Berra, modern American philosopher Economists are extraordinarily helpful at predicting … the past. They will give today a savant explanation as to why their predictions for last week did not pan out. Economists gather some attention during bear markets […]
Answer by Laurent Bernut: I’ll give You the same answer I gave two CIOs of Fidelity. The common point between professional poker players, star fund managers and street hookers is that they go to work: it is not meant to be fun. Excellent question. Beyond taxes and manufactured negative gain expectancy, there is much market […]
Selling short is not antipatriotic. It most certainly is not a hedge to Long. The only commonality with art is that 90% of artists starve. Short-selling is not some shadow conspiracy undermining the economy. No short sellers seats on any board on sinking ships. Short-selling is none of that. Short-selling is a habit, just like […]