Archive for Boris Schlossberg

Fail Hard and Fail Often

The other day my 18 year old daughter who is wise beyond her years said, “Dad creativity is failure.” Truer words have not been spoken. What she meant of course was that any creative endeavour, any act of exploration implies the prospect of failure. The very definition of creativity is to do something out of [...]

How To Relieve The Stress of Trading

This was one of the toughest weeks of trading for K and I in more than a three years. We were totally our of sync with the market, always running one step behind as we were buying risk when everyone was selling it, selling it when everyone was buying it. Usually I would have become [...]

Luck or Skill?

The harder I work, the luckier I get.
Samuel Goldwyn

In a recent NY Times article Jim Collins and Morton Hensen (authors of Good to Great) argue that positive luck has little sustainable edge in business but negative luck can ruin even the best laid plans. They write, “There’s an interesting asymmetry between good and bad [...]

Anti-Trend And Arrogance

By all accounts Steve Jobs was a horrid human being. He abandoned his out of wedlock child. He browbeat his employees and mercilessly cast them aside after years of loyalty. He told his just pregnant girlfriend that he preferred his former girlfriend and spent months thereafter asking friends who they thought was prettier. He even [...]

Morons to the Right of Me, Morons to the Left

Anyone who still claims that markets are efficient must really not have traded FX this week. The seesaw circus that saw both longs and shorts get decimated as prices lurched back and forth like a drunken sailor made me think of the great William Goldman. Mr. Goldman, the award winning screenwriter of Marathon [...]

A Rocket In My Pocket

“I think I just fell in love,” I announced to my business colleague as we walked around a Ducati parked casually on sidewalk of downtown Melbourne. The bike was monster, it’s speedometer showing that it could go beyond 230 kilometers per hour. In Melbourne motorbikes are everywhere, strewn along the outer [...]

Demo Billionaires Not Welcome

Demo Billionaires Not Welcome

Conventional advice in the currency market states that as a novice you should only trade a demo account until you become comfortable with the whole trading process. I couldn’t disagree more. First of all you will never “get comfortable with the process.” A trading life to paraphrase Thomas Hobbes is [...]

Trust The Process Not The Price

When I was at the FX expo in Las Vegas last week, I found myself in the refreshing position of being in audience rather than the stage as my friend Todd Gordon hosted a panel on the joys and tribulations of FX trading. So instead of pontificating, I listed for change and walked away with [...]

The 1% Rule

“How do I a make money in the currency market?” is something that I hear all the time whenever I meet retail traders just starting to explore FX. The truth of the matter is that there is no good answer to that question. Trading FX is such an individual pursuit that there are literally hundreds [...]

What I Learned From FX AllStars

This week Kathy and I hosted a series of webinars for some of the best know traders in the FX business. Although I was the MC for the event I actually enjoyed being a member of the audience as each speaker made his presentation. The range of talent was remarkable, all the more so [...]