Archive for Boris Schlossberg

The Lazy Way to a Perfect Trading Diary

A few weeks ago my good friend Robbie Booker was in town — a capstone to his cross country tour visiting traders in US. It was a pleasure to spend an afternoon with him, to catch up on old gossip and to of course brainstorm — as we inevitably do whenever we get together — [...]

Maaaad Money – How To Trade Like a Venture Capitalist

Last week I wrote about the insurance business as a model for trading. There are two key components to the success of that business — the law of large numbers and the quality of your underwriting. In traders terms that means that you should make a lot of bets that a have a probabilistic edge [...]

Trade Like The House

Warren is in the house @WarrenBuffett If you want to trade successfully for a long time you need to understand what business you are in. You are not in the I-know-the-market-better-than-anyone-else business. You are not in the I’ve-got-the-sweetest-pattern-recognition-algo business. You are not even in the economics-analysis business. When you decide to become a trader you [...]

Shattering Trading Illusions

Every successful algo starts out as a piece of science and ends up as a work of art. The art of algorithmic success often lies in NOT trading. An algorithm is simply a codification of some repeatable market behaviour but every algo is implicitly based on the assumption of continuous pricing. Try our Forex Trading [...]

Be Less Dumb – Avoiding Trading Traps Part 3

In my final look at trading traps I discuss the one topic everyone loves to complain about — dealers. Try our Forex Trading Signals and Trading Club for: Unlike all the other markets in the world, FX is not centralized. That means there is no one single order book, no one arbiter of price. FX [...]

Be Less Dumb – Avoiding Trading Traps Part 2

In the second part of my series I take a look at the common market traps that befall us all Try our Forex Trading Signals and Trading Club for: Known event risk Someone once quipped that dying was easy — comedy was hard. Sometimes I feel that the same can be said about trading. Markets [...]

Be Less Dumb- Avoiding Trading Traps Part 1

The irony of the trading life is that we spend 99% of our time trying to figure out how to win instead of making sure that we don’t lose. The fact of the matter is that most traders will benefit far more from learning how to avoid the common traps in the market than from [...]

How To Run Your Trading Like a Real Business

In my life I’ve always wanted to do only two things — trade and run a food business. To this day whenever I find myself in a Walter Mittyesque reverie I imagine running a restaurant or a food store (Montreal bagels in New York is my favorite fantasy) — but running a startup investment firm [...]

An Algo for Your Bra and Your Account

As New York Times recently wrote, these days there is an algorithm for everything — even a bra. Apparently retailers now have a monstrously complex 2000 factor method to make sure that ladies have that perfect fit. Algos, have been on my mind a lot lately, especially this week after I attended the FXIC forex [...]

How To Get Great Trading Ideas

Let’s face it, trading can can be a miserable lonely existence. You spend your days in the glow of flickering monitors with only CNBC to keep you company. Your triumphs and failures are largely taken in silence and the solitude will often drive you to make horrible impulsive trades out of either anger or boredom. [...]