Archive for Boris Schlossberg
Forex Trading Tips: A Formula For Printing Profits
A Formula For Printing Profits
Last night I celebrated my birthday at my favorite steakhouse in New York – Wolfgang’s. Wolfgang was a former waiter at Peter Luger’s, another great New York temple of meat before striking out on his own. Wolfgang’s in my opinion is about a million times better than Lugar’s and since [...]
Forex Trading Tips: Lost No More
Lost No More
As the best television series ever comes to a close this week, I cannot help but pay homage to Lost. What makes Lost so good aside from the mind bending plots, the lush landscapes, and the riveting characters is the fact that it never feels like a TV show. I once had the [...]
Forex Trading Tips: Forecast Uncertain
Forecast Uncertain
“How could I not take the Pittsburg Penguins? They’ve won the Stanley Cup twice, they’ve won game seven twice on the road and now they have game seven at home. Of course I am going with Pittsburgh!”
Barry Melrose, ESPN hockey analyst, on the eve of game seven between Montreal Canadians and Pittsburgh Penguins.
Game seven [...]
Forex Trading Tips:3 Simple Questions For Your Nexxt Trade
3 Simple Questions For Your Nexxt Trade
One of my favorite restaurants in South Beach is a place on Lincoln Road called Nexxt. There is nothing special about this restaurant. It is just another meeting place for the Miami glitterati where the well tanned and the well toned boys and girls come to see and be [...]
Forex Trading Tips: Trading With Discretion
Trading With Discretion
One of the best things about “Inside the Black Box”, the book about quants that I am reading, is the authors refreshing candor in discussing the shortcomings of algorithmic trading. The quant’s Achilles heel is something called “regime change”. Regime change is basically a fancy way of saying that the [...]
Forex Trading Tips: Price Action is NOT Random
Price Action is NOT Random
The chart above courtesy of the ChartStore, recently appeared on Barry Ritholtz’s Big Picture blog and immediately caught my eye. What I find fascinating about it is how it completely contradicts the efficient-market-all-price-action-is-random school of thought. Those of us who trade every day of course know empirically [...]
Forex Trading Tips: The Hidden Risk Within Your Trade
Temp
In “Inside the Black Box”, Rishi Narang lifts the veil away from the secretive world of quantitative trading, explaining in clear, easy to understand English the key concepts that drive so much of hedge fund trading today. Instead of becoming bogged down in the inscrutable math of the quants. Mr. Narang expertly navigates the reader [...]
Forex Trading Tips: How NOT To Learn From Your Mistakes
How NOT To Learn From Your Mistakes
“Good Morning Boris, that’s fine we cannot win every trade,” started an email from a sub that I received this week.
“There are two points I would like to mention and will only follow if you agree:
1. I set an alarm and wake up at 4:25am when the trade [...]
Forex Trading Tips: The Paradox of Negative Edge
The Paradox of Negative Edge
The latest book I am reading, Fortunes Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street by William Poundstone is a fascinating account of how some of the smartest scientific minds in America along with some of the most unsavory characters in organized crime [...]
Forex Trading Tips: Float like a butterfly, Sting like a bee
Float like a butterfly, Sting like a bee
A book that I am currently reading (The Quants, by Scott Patterson) follows the classic path of a Greek tragedy. Man full of hubris (in this case due to his intellectual prowess) believes he has discovered the Truth. Drunk with arrogance from his ability to extract billions [...]
