Here’s an article by Adam Hamilton about how to speculate successfully. It covers what should be familiar topics — money management, position sizing, trailing stops and expecting the unexpected. Here’s a snippet:
This week I would like to discuss tactics that speculators can use to survive and thrive in a limitless environment. The markets [...]
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Surviving Speculation
Posted by Michael in January 2nd, 2005
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Posted in: Stock Market, Trading Techniques Tags in: Black_Swans, Exits, Expectancy, Expect_the_Unexpected, Money Management, Position Sizing, Risk Management, Speculation and Trailing_Stops
Expect the Unexpected
Posted by Michael in June 3rd, 2004
Posted in: Books / Reading, Stock Market Tags in: Black_Swans, Books, Expect_the_Unexpected, Nassim_Nicholas_Taleb and Risk Management
I was moved to do some research on Nassim Nicholas Taleb by some reader comments on my expectancy post. I began by looking at the reviews of his book, Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets, over at Amazon. Here’s just one of the reviews:
If the [...]
