Mac Murray

Posts Tagged ‘algorithmic trading’

Research and Development

In DEEP Investing on December 21, 2009 at 5:09 AM

Testing Philippine price data in the Large Hadron Collider
Nothing beats original investigation.

Chinese Blue Marble Half Slice

“Ninety-nine percent of the people in the business are followers. They’re not creative and they’re not willing to rely upon themselves to make decisions, so they rely upon other people.”

–Tom Demark

Chinese Blue Marble Half Slice

The Study

Covered approximately 6000 years of raw price data from the Philippine stock market

  • 600 stock charts
  • Approximately 240 listed companies
  • 10 years of monthly price data
  • 10 years of weekly price data
  • 10 years of daily price data

Read the rest of this entry »

The Turtles: The Most Famous Trading Experiment in History

In DEEP Investing on October 29, 2009 at 6:53 PM
Can the skills of a successful trader be reduced to a set of rule?

Can the skills of a successful trader be reduced to a set of rules?

Chinese Rose Marble Half Slice

“We are going to grow traders just like they grow turtles in Singapore.”

–Richard Dennis in Market Wizards

Chinese Rose Marble Half Slice

The Turtle Experiment

The story, which first appears in Jack Schwager’s Market Wizards, by now has attained almost legendary status.  Read the rest of this entry »

Merits of Rules Governed Trading

In DEEP Investing on September 20, 2009 at 2:40 PM
Do you, your broker, or your investment manager have a pre-flight checklist?

Do you, your broker or your investment manager have a pre-flight checklist?

.Chinese Rose Marble Half Slice

“After 20 years of trading, I find it almost impossible to trade without a plan that does not have fixed rules.”

–Robert Krauscz, New Market Wizard

Chinese Rose Marble Half Slice

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Can you imagine the pilot of a jumbo jet climbing into the cockpit, firing up the engines, and hurtling down the runway into the sky without a second thought?  I mean, no checklist, no clearance from the tower, no nothin’? Read the rest of this entry »