Investing & trading: October - December 2009 articles archive home
The most important thing of all - staying in the game
The other smudged rectangle of paper in my wallet, the one that obscures the right-hand corner of my wife's picture, bears a series of cryptic numbers: 190,259,865; 281,175,544; and 90,915,674. The last number has a big black minus sign right after it. That's a cut-out from my daily portfolio run on the most disastrous day my hedge fund ever had ...
Tuesday, December 15, 2009 ... more
Buy when it’s scariest
Donald Cassidy, whose book ‘Trading on Volume’ was named investment Book of the Year by the 2002 Stock trader’s Almanac, advises being guided by five investing principles ...
Tuesday, December 8, 2009 ... more
Martin Whitman, the 85 year-old Chief Investment Officer of Third Avenue Fund, who once described it as “better than the toll booth on George Washington Bridge”, lost 45% of his fund in 2008.
Thursday, December 3, 2009 ... more
A few truths
Investors will not wake up one day and realise that the stock you’re considering is too cheap. Stock price surges require some sort of stimulus, such as an unanticipated pickup in demand or a takeover bid.
Tuesday, December 1, 2009 ... more
More advice from James Crammer
Always wait thirty days after an earnings preannouncement (profit warning) before you buy. Nothing seems more tempting than to buy a stock after it's been completely poleaxed.
Tuesday, November 24, 2009 ... more
Cramer’s 10 commandments
Never turn a trade into an investment. I have seen myriad investors turn trades into investments, developing a rationale or an alibi to fool themselves that they are doing the right thing.

Tuesday, November 17, 2009 ... more
Hennessy on emotionless investing
Neil Hennessy, who last year was ranked 17th on Barron’s list of Top 100 Fund Managers, runs the Hennessy Focus 30 fund - a U.S. fund that has consistently beat the S&P by following a simple, quantitative strategy.
Thursday, October 29, 2009 ... more
Investment paradigms to avoid
Perhaps Driehaus’s most fundamental piece of advice,” Schwager concluded in The New Market Wizards, “ is that in order to succeed in the market (any market), you must develop your own philosophy.
Tuesday, October 27, 2009 ... more
Expectancy theory according to Tharp
Van K. Tharp is a psychologist and professional trading coach featured in Jack Schwager’s Market Wizards. He is the author of several books including the trading classic, Trade Your Way to Financial Freedom.
Tuesday, October 20, 2009 ... more
Q&A with the best of the turtles
R. Jerry Parker is the founder of Chesapeake Capital, a billion-plus global investment company based in the U.S. Some time ago attendees at a Futures Industry Association presentation in Chicago were given the opportunity to ask him questions on his firm’s trading techniques. Parker’s answers were short and direct.
Thursday, October 15, 2009 ... more
Spot the message
”Buying on retracement is psychologically seductive because you feel you're getting a bargain versus the price you saw a while ago. However, I feel that approach contains more than a drop of poison. Watch idly while profit-taking opportunities arise, but in adversity run like a jackrabbit.” William Eckhardt.
Tuesday, October 13, 2009 ... more
Ego, which all too often provides the catalyst for failure
Your ego is both inspiring and full of deceit, on the surface it appears to be helping you, it gives you small boosts of gratification when you succeed, however it is also one of the biggest hindrances you will face in life. You see your ego just wants you to be safe, to have fun and to be the best … your ego hates failure, it loathes nothing more, and this is where most people go wrong. - Unknown.
Thursday, October 8, 2009 ... more
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