One thing I’ve learned over the past year is that a lot of people don’t understand money flows and the differences between negative, zero, and positive sum games. If you’re going to invest in any sort of asset, or trade any sort of market, you need to know how money is flowing through it. You […]
Author: James
Conviction Is No Excuse For Poor Risk Management
You’ll often hear traders talk about “conviction” on a trade, and even mention sizing in when conviction is high. But should conviction dictate your trading decisions? Defining Conviction Conviction can be defined as “a strong belief or opinion” or “the feeling of being sure that what you believe or say is true.” Now, there’s nothing […]
2021 Year in Review
2021 was an interesting trading year for me. It was a year I started off with a bang and ended with a whimper. It was my best year ever in terms of absolute $ profits. However it wasn’t my best year in terms of percentage returns on my capital. Also, pretty much all the money […]
Crypto: The Rigged Poker Game
Imagine a poker game. Imagine all the players putting their money in the pot, but only one player wins that money. It’s a zero sum game…one player wins, but the rest lose. Now, imagine a referee for that poker game. His fee is to take money from the pot during each round. The game is […]
Crypto: The Next Generation OTC Mailer Pump
In 2011, while browsing Yahoo Finance, I was served an ad for Jammin’ Java. However, this ad wasn’t for their coffee. It was for their stock. Jammin’ Java was company trading on the Over The Counter Bulletin Board (OTCBB) under the ticker symbol JAMN. The company sold Marley Coffee … yes, a brand of coffee […]
New Article: Why I’m an Evil Short Seller
Check it out here.
February Trading Stats
THINK LIKE THE CASINO February ended up my best month in terms of absolute profits, and my second best month in terms of % return on my capital (122%) … just narrowly missing my best month of 124% in June 2020.It could’ve been better…I didn’t let some winners run enough, and I missed some what […]
GME/AMC, Shorts, Robin Hood, & David vs. Goliath Post-Mortem: It Was Never What You Thought It Was
Unless you’ve been living under a rock for the past week, you’ve probably at least heard about the GME/AMC debacle. It’s been framed as the common man beating Wall Street, the little guy beating the big guy, David vs. Goliath, the Rebellion against the Empire… Except it’s none of those things. It makes for a […]
Trade the Trash, Don’t Invest In It
Too many people treat trades as investments. They’ll buy some trash stock with momentum and on hype, not knowing what they own. They might have some quick short term profits, but they ignore the warning signs and keep holding. Eventually their unrealized gains disappear, yet they still bag hold believing it will “come back.” The […]
A 6000%+ Return in 2 Years
I’ve now hit over 6000% return on my capital since I started tracking it in January of 2019.