How successful traders and investors are born? The first step is mastering Portfolio Design; the second is mastering Position Sizing. Above all, Position Sizing is an exercise of humility. We don’t move the markets, we follow them. They are indifferent to us and can be very hostile. They are not simple, but utterly complex and we don’t know the future. Only Position Sizing will be there for us when all else fails.
The Holy Trinity of Trading Part II: Position Sizing
The Holy Trinity of Trading Part I: Portfolio Design
“Portfolio Design, Position Sizing, and Risk-Reward. Master the Holy Trinity of Trading and you shall succeed.” — Tackle daily email: January 9th, 2019 — A Whole New World A new fantastic point of view No one to tell us no Or where to go Or say we’re only dreaming If you search for Holy Trinity…
Don’t Be a Quitter After Quitter’s Day
We are two weeks into January… how many of your resolutions are still going strong? How many goals did you set that you have already started to lose faith in? Well if you are like many these questions might hit a little close to home as according to Strava so many people give up early…
It’s All The Fugazi Part III: The Red Pill
– “This is your last chance. After this, there is no turning back. You take the blue pill – the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill – you stay in Wonderland and I show you how deep the rabbit-hole goes.” —The…
It’s All The Fugazi Part II – The man
– Give up. Just quit. Because in this life, you can’t win. Yeah, you can try. But in the end, you’re just going to lose, big time. Because the world is run by The Man. – Who? – The Man. Oh, you don’t know The Man? He’s everywhere. In the White House, down the hall……
It’s All The Fugazi Part I: Hyperinflation
– “Number one rule of Wall Street. Nobody… and I don’t care if you’re Warren Buffett or if you’re Jimmy Buffett. Nobody knows if a stock is gonna go up, down, sideways or in f*** circles. Least of all, stockbrokers, right? It’s all the fugazi. You know what a fugazi is?” – “Fugayzi, it’s a…
System Design Part III: The Four-Legged Chair & The Four Horsemen Of The Trading Apocalypse
Welcome to the third and last installment of the System Design series. With the two previous parts in hand, the first being Demystifying Systems (July 2018) and the second being the MCO Framework (August 2018), you are good to take the first steps towards building your own successful system. In the first edition, we demystified…
System Design Part II: The MCO Framework
Last July we released the first part of the System Design series: Demystifying Systems. Now that systems, in general, are no stranger for you anymore we can handle how to put together a trading system, one that can easily be a core position inside your portfolio. If you think that building your own successful system…
System Design Part I: Demystifying Systems
Therapist: “Ok, tell me your problems.” (grabs a pen and a notepad) Trader 1 “I’m in a situation where I have many trades going on all at once and I’m feeling like throwing spaghetti on a wall to see if it sticks.” Trader 2 “Last week I got 10 naked puts running on +$100 stocks….
Selling Naked Puts, It’s Naughty yet Nice
In this month’s newsletter, we’re unpacking one of the finest strategies on the Street. Its strengths are many, its weaknesses few. And its proper deployment will bring good fortune to you. Now that we’ve sated our inner poet let’s get down to business. Today’s strategy is a man of many names. Some call him the…