Archive for Boris Schlossberg

The Best of Boris in 2014

Predicting the future is a tough business, which is why trading is much more a function of trade management rather than proper analysis. Once you begin to appreciate that fact, being right becomes a lot less important while being not wrong becomes crucial to your success. Why Analysis Provides Little Value in Trading MAY 30TH, [...]

Boris’s Formula For Trading Success

Some of you may be familiar with the Kelly criterion which is a formula used to calculate an optimal bet size allowing gamblers and traders to maximize their winnings. The proof for the concept can be complicated, especially if you are mathematically challenged like me, but the net takeaway of the Kelly formula is that [...]

A Guaranteed Way To Control Stupid Trades

This is going to one of my shortest, but probably most important trading column ever. In all my years on Wall Street I have never, ever used this word before, but today I will. I can guarantee you a way to avoid every stupid, impulsive, account wrecking trade you have ever made from this point [...]

Trade Poisoning

Those of you who are regular readers of my column know that there are really only two things in the world that I like to do — trade and cook. So on this holiday week when many of us preparing wonderful feasts, I had an interesting epiphany that ties both activities together. Since I cook [...]

How Do You Know When the Trade is Wrong?

There is no business more binary than trading. Each trade is effectively a twofold choice — continuation or reversal? All your trades depend on how well you answer that question. Everything is commentary. Similarly when it comes to trade management the choice is binary as well. You are either right or wrong. Being right is [...]

Retreat is not Surrender

Trading is and always will be a game of controlling losses. The trader who has never had a loss, who brags that he has 100 winning trades in a row is simply a bankruptcy waiting to happen. Not only will he lose all of his profits, but most likely all of his capital as well. [...]

Trading is NOT about Direction

One of the most basic mistakes that most people make about trading is that trading is all about picking the right direction. In fact successful speculation has nothing do with being “right” and everything to do with being “right now.” At its core trading is all about timing. It really doesn’t matter if you are [...]

The Three S’s of Successful Speculation

So the old joke about real estate is that the key to success is location, location, location. And like all jokes this one contains more than a grain of truth. There is perhaps no greater example of that idea than the intersection of 96th street and Lexington Avenue in New York. On the south side [...]

Trading, Ebola and Luck

On a day when the city of New York received its first confirmed case of Ebola, I thought it may be a good opportunity to ruminate on the issue of luck in both life and trading. While all of us in the advanced industrialized world love to believe in the Anglo-Saxon maxim that hard work [...]

How to Trade Volatility

I used to do a very popular presentation called “Trade like an Insurance Company” in which I demonstrated the very many lessons that the insurance business can teach us. The three principal ideas that I still think are of inordinate value to traders are risk handicapping, risk capitation and the law of large numbers. Any [...]

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The Best of Boris in 2014

December 19, 2014 • by: Boris Schlossberg

Boris’s Formula For Trading Success

December 12, 2014 • by: Boris Schlossberg

see all posts by Boris Schlossberg
EUR/CHF Drops Below 1.21 – First Since Jan 2012

August 15, 2014 • by: Kathy Lien

EUR/CHF Drops Below 1.21 – First Since Jan 2012

August 15, 2014 • by: Kathy Lien

see all posts by Kathy Lien

Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.

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