I didn’t know Jason Statham was into statistics but when I told him about my newest project he was more than willing to model for today’s featured image. After which he punched out the camera man, stole my wallet, and ran off with the make up girl. My kind of guy! Alright, obviously we’re all bored to tears here, watching markets pump sideways as investors are waiting for news to emerge out of the annual Jackson Hole symposium tomorrow. So I thought I’d spruce things up a bit by leaking a few goodies:
It is Mario Draghi’s turn to torment market participants this morning, which means a market overview will have to wait until the wave of volatility has washed over us and hopefully left some of our open campaigns intact. In the interim I decided to channel my inner Nicholas Taleb and ruin your collective day by singlehandedly smashing what you hold most dear as traders, i.e. your perspective on how markets function and your ability to anticipate what may come next. And if you think I am joking then you are most likely doubly mistaken. Read on at your own peril:
The curse of the traveling mole appears to have struck again. Although it’s become an old joke among senior participants on this board I cannot help but wonder if the universe seems to have endowed me with a special ability of scheduling my trips right ahead of market corrections. Be it a random occurrence (likely) or a profitable super power (not likely), in order to maintain both our sanity and our trading accounts I thought it a good idea to re-post a few protocols aimed at maximizing our chances of surviving in a highly volatile trading environment:
Standard deviation. You see it mentioned all the time but if that inquisitive little niece of yours would ask you what it is, could you actually explain it? No, I’m not talking about googling the formula on your mobile and then telling her to scram and kick a ball or something. What I mean is explaining standard deviation (SD) in a way that actually makes sense and may lead to her to taking an interest in STEM sciences later in life. Yeah, I didn’t think so. And you call yourself a trader? Step aside and let uncle Mole handle this.