This is a lot of variables to consider when analyzing the markets. But it's great for me because I need a back end, mechanical understanding of what drives markets and what provides clear a signal. Otherwise, I don't have the necessary conviction to take long term trades (my weakness). So because of this lack of understanding, I usually day traded.
While I've obviously been proven wrong (just look at the past 7 years for spy) I never liked the idea of holding onto something and then 3 years later the price is back to where I started or worse. So If I can understand the under the hood behind markets and why they grow, I can have confidence to hold my swing trades and investments for bigger gains unlike day trading. So far this has been great so thank you. I have come too far to quit now.
I have a question regarding the books, research papers you recommend. I really plan to review them in the next months and years. However, for a non-mathematician, some chapters in the books are like reading hieroglyphics (for example "Trade, Quotes and Prices or all the other papers on bonds). Would you have a tip on how I could approach the matter? I have already purchased a book with the basics of statistics to at least get a handle on this topic. To be honest, it overwhelms me a bit.
Just learn the concepts. You don’t need to know any advance math or even algebra to get any of the concepts. Just skip the math and learn the principles.
Excellent write-up; I have my study material for the next week :)
With regard to tools, is a Bloomberg Terminal needed? It's definitely an investment.. one that I would prefer not to make if there are alternatives that do the trick.
Sooner or later I will be profitable. Thanks to you.
This is a lot of variables to consider when analyzing the markets. But it's great for me because I need a back end, mechanical understanding of what drives markets and what provides clear a signal. Otherwise, I don't have the necessary conviction to take long term trades (my weakness). So because of this lack of understanding, I usually day traded.
While I've obviously been proven wrong (just look at the past 7 years for spy) I never liked the idea of holding onto something and then 3 years later the price is back to where I started or worse. So If I can understand the under the hood behind markets and why they grow, I can have confidence to hold my swing trades and investments for bigger gains unlike day trading. So far this has been great so thank you. I have come too far to quit now.
I have a question regarding the books, research papers you recommend. I really plan to review them in the next months and years. However, for a non-mathematician, some chapters in the books are like reading hieroglyphics (for example "Trade, Quotes and Prices or all the other papers on bonds). Would you have a tip on how I could approach the matter? I have already purchased a book with the basics of statistics to at least get a handle on this topic. To be honest, it overwhelms me a bit.
Just learn the concepts. You don’t need to know any advance math or even algebra to get any of the concepts. Just skip the math and learn the principles.
Excellent write-up; I have my study material for the next week :)
With regard to tools, is a Bloomberg Terminal needed? It's definitely an investment.. one that I would prefer not to make if there are alternatives that do the trick.
Not needed. There are great supplements
i can't use Bloomberg due to my location. what are the supplements you can use?
CME took and tradingview
epic write up! need to carefully read