Systematic Investment Research & Education

@jackschwager I am not sure I agree with this view. Most successful traders have to learn some hard lessons before they figure things out. Better to start small because the “tuition” is a smaller dollar amount.

Stock Market Wizards Quotes (30/117) Sometimes I get people at my seminars who want to start trading with $10,000. I tell them that they should convert the $10,000 into hundred-dollar bills and then flush them down the toilet one at a time because if they try trading with $10,000, the result will be the same, but it will only prolong the agony. Ten thousand dollars is not enough money to trade. Mark Cook bit.ly/4mkVwmg

Most traders fail for a simple reason: They underestimate what trading requires. Trading is not about: • secret indicators • easy money • predicting markets It’s about: • discipline • risk management • emotional control • consistency The edge is simple. Executing it consistently is not. That’s why I wrote The Trader’s Journey.

We test "surfing the equity curve", or using trend-following to switch tactical strategies on and off. Can investors further improve TAA performance by treating strategies like they would any other asset? allocatesmartly.com/surfing-the-eq…

@gfc4 Sad state of affairs…

If I was young and wanted to make a lot of money in the markets, I think I would pursue a career in politics. As best I can tell, the average politician is performing way better than the average hedge fund. Meanwhile, politicians have better hours, more career options, minimal risk of aging out, and they develop the best networks. Last but not least, insider trading is apparently legal when you're a politician.

Could #AI also be driving a boom in NEW BUSINESS formation? Here is the data on US NEW BUSINESS APPLICATIONS. A big spike after COVID and since the introduction of @ChatGPTapp , a major acceleration. AI could be driving BOTH jobs and new businesses.

Market momentum should be noted…

"Just how unusual has the rip upwards been in Momentum? In a word: unprecedented ... Across both live and hypothetical history, the index has never clocked a six-week performance as large as the current +30.5%" -S&P Global

"Surfing the Equity Curve": Using Trend-Following to Switch Strategies On and Off [@AllocateSmartly] dlvr.it/TSV9jp

Interestingly, the recent spike in the Nasdaq 100 Index has not deterred corporate insiders at Nasdaq 100 Index companies from buying more of their own stock shares. Make of it what you will. @sentimentrader

@theproof I am optimistic you will see regression.

My ldl-c went from 120-130mg/dl to 70-80 mg/dl with diet alone in 2015. Graph below suggests this puts me into the range where you start to see a small amount of regression or at least slowing/stabilisation of plaque. I’ve had a repeat CT angiogram and am having HeartFlow analyse my baseline and follow up scan. And I’ll have an episode out soon discussing the results with 1-2 cardiology/lipid/cardiac imaging trained doctors.

College tuition is up 672% over the last 40 years. Overall inflation? +198%. This isn’t normal. This isn’t sustainable. This isn’t a good thing.

S&P 500 Growth Index closed at a 6-month high for the first time in at least 6 months at the end of April. Does this guarantee a continued advance? No. Is it a bad thing? Also No. Jay’s Trading Maxim #122: Momentum is a real “thing” in the markets. @sentimentrader

That is a good question. There a numerous potential explanations that include genetic factors, early life exposures, microbiome differences, etc. We are limited by the availability of clinical trial data and the ability to get participants to adhere to lifestyles that are markedly different from that in the culture in which they reside. It is notable that in the 1960s the median LDL-C levels in Japan and the U.S. were roughly 80 and 160 mg/dL, respectively. Today, both countries are around 100 mg/dL.

@SystematicIRE @ScottAppliedSci How do we explain that non-medicated, non-western population groups has substantially lower LDL-C (in the range of 50-90 mg/dL, which is a difference more than 30%) than western populations?

There are enough cases of people using diet and lifestyle alone to cut their LDL by more than 50% that we know it is achievable for some. The man in the case example below made some dietary swaps for just 6 weeks and sustainably cut his LDL by almost 53%. pmc.ncbi.nlm.nih.gov/articles/PMC63…

via @SPDJIndices: "Across both live and hypothetical history, the index has never clocked a six-week performance as large as the current +30.5%. In fact, prior to last year, it never rose more than 25% over a 6-week period."

Stock Market Wizards Quotes (29/117) You need to select a market that fits your personality because a market is a reflection of the people who trade it. People who trade Internet stocks are definitely different from people who trade utility stocks. Mark Cook bit.ly/4cJegYz

I learned over 20 years ago that there was much more money to be made in following trends instead of fighting them or trying to predict reversals, so that has been my focus.

@ScottAppliedSci Yes, we drift…

Yeah and that cuts into the sustainability but, too, as people wander away once motivation wanes. I can get about 30-40% reduction just from diet but it really is hard to sustain. I just had a cheese omelet for lunch, for example, and that alone will undo my other efforts for a while. :o(

Investing Quote of the Day: “Stoic detachment combined with emotional awareness is the perfect combination for stocks. Feel the fear, but let reason decide.” - Joel Tillinghast