BBC Horizon documentary on the Black Scholes equation
http://www.youtube.com/watch?v=NM1yBqJPrYk
Stuff to watch
Enjoyed watching that.
I did BS at Uni in the early nineties; it was quite an effort just being able to memorise the formula let alone understand it!
They kept three year old copies of the FT in the library and we had to choose a stock and then using BS predict whether the price would go up or down. you might have well just guessed to be honest.
it does make you wonder if academics use similar models on betfair, with amount of money at stake, it wouldn't surprise me
Dynamic Hedging ...now theres a thought!
I did BS at Uni in the early nineties; it was quite an effort just being able to memorise the formula let alone understand it!
They kept three year old copies of the FT in the library and we had to choose a stock and then using BS predict whether the price would go up or down. you might have well just guessed to be honest.
it does make you wonder if academics use similar models on betfair, with amount of money at stake, it wouldn't surprise me
Dynamic Hedging ...now theres a thought!
Saw that a few months back, quite enjoyed it, though wish it had covered more details about LTCM's trades and hedging methodologies. I wonder what their Balance Sheet would've looked like.Euler wrote:BBC Horizon documentary on the Black Scholes equation
http://www.youtube.com/watch?v=NM1yBqJPrYk
One of my favorite quotes from this movie - Don't let the Perfume of Premium cover the Odor of Risk
Key for me was the guy with the beard at the end saying that the most important thing is knowing when to get out of a trade. If its going bad knowing when to get out and when to hold on.
You kind of hear it over and over and eventually it sinks in.
Its like you can almost enter a trade with less thought than the thought it takes to know when to exit the trade ( especially if it goes bad ). If you can crack that then you are on the right road.
Thats my focus right now anyway.
You kind of hear it over and over and eventually it sinks in.
Its like you can almost enter a trade with less thought than the thought it takes to know when to exit the trade ( especially if it goes bad ). If you can crack that then you are on the right road.
Thats my focus right now anyway.
I agree.
Try offering to the market at random places and in random directions, and then closing your trade when the market goes against you.
You might be pleasantly surprised at what you find...
Jeff
Try offering to the market at random places and in random directions, and then closing your trade when the market goes against you.
You might be pleasantly surprised at what you find...
Jeff
THENUTS wrote: Its like you can almost enter a trade with less thought than the thought it takes to know when to exit the trade ( especially if it goes bad ). If you can crack that then you are on the right road.
Thats my focus right now anyway.
Just out of interest, were you ever able to get this basic trading method to work for you Jeff?Ferru123 wrote:
Try offering to the market at random places and in random directions, and then closing your trade when the market goes against you.
You might be pleasantly surprised at what you find...
Jeff
It sure as hell never worked for me, despite me spending thousands of hours and thousands of dollars on it.
Following the method of 'cutting losses' (stop-loss) has only ever resulted in me losing money at a rate faster than chance (in other words, when-ever I have attempted to cut losses short, I actually do worse than chance).
Consequently, I've had to totally quit short-term trading (after 3 years, I'm not prepared to spend any more time or money on it), and in future stick to my strength (which is long-term value betting).
China's real estate bubble:
http://www.cbsnews.com/video/watch/?id=50142079n
Not individual house, but entire cities - this is sub-prime on grand scale.
Though I like the idea of 1 house policy (only to the extent necessary to keep bubbles on tight leash).
After all, what's the point of creating beautiful houses if you're unable to live in it. I wonder how long stimulating artificial demand can last.
http://www.cbsnews.com/video/watch/?id=50142079n
Not individual house, but entire cities - this is sub-prime on grand scale.
Though I like the idea of 1 house policy (only to the extent necessary to keep bubbles on tight leash).
After all, what's the point of creating beautiful houses if you're unable to live in it. I wonder how long stimulating artificial demand can last.
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steven1976
- Posts: 1744
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I enjoyed that althoug I think I read somewhere that over the next 15 years they expect 300 million more people to move from the countryside to the cities so they are just doing a little preparation!
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steven1976
- Posts: 1744
- Joined: Tue Jan 19, 2010 6:28 am
just a random vid I thought was pretty impressive skills
http://www.flixxy.com/the-incredible-po ... -shida.htm
http://www.flixxy.com/the-incredible-po ... -shida.htm
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steven1976
- Posts: 1744
- Joined: Tue Jan 19, 2010 6:28 am
watch out for the cars https://www.youtube.com/watch?v=CjgT8Af ... ata_player
steven1976 wrote:watch out for the cars https://www.youtube.com/watch?v=CjgT8Af ... ata_player
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convoysur-2
- Posts: 1110
- Joined: Thu Jan 12, 2012 10:00 am
for all you wealthy succesfull traders check out this ,,,if i ever win the lotto ill have a superb work station like this .no not like this .damb it.i want this one.
http://www.youtube.com/watch?v=KWdvxjJ_jPY
http://www.youtube.com/watch?v=KWdvxjJ_jPY