Chart of the day: volatility
Both the level of vol and the relationship of implieds to realized (historical vol) are important. Low vol environments bring some unique risks, but don't assume that vol "must" go up in any timeframe!
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Volatility Has a Memory
I'm going to be writing a series of posts over the next few months in which I will return to some core elements of market behavior. I'll show what can be quantified, but also leave the door open for discretionary interpretation. I suspect it's
The Experiment Continues
I did not plan to write this blog, but my previous blog got a pretty big response. I received many questions about the specific things I did and what worked. I still think the general framework, which translates reasonably well to other disciplines, is the most important thing. I will
How Trading Saved My Life
Successful traders have some unusual quirks in how they think. For my entire career, I've felt these "quirks" are valuable, and the world would probably be a better place if more people adopted them. However, I've always struggled to answer the enthusiasm of a
Trading a Powerful Trend in Gold
There are many ways to trade financial markets. Much of the struggle and confusion that traders face comes from not understanding their goals--not knowing how they want to trade. In some very real sense, from not knowing themselves. Gold (and precious metals in general) provides some good examples for