Archive for Boris Schlossberg

Fail Often But Never Quit

My son started high school in New York this week and its been a big transition for him. He is coming from a suburban school in Boca Raton to an urban school in the middle of Chelsea. The kids act differently, dress differently and think differently. He is learning to adjust but insists on doing [...]

All Strategies Suck

What do traders love most? Strategies, strategies, strategies. Just one great idea, one unassailable algo and we are in heaven. We always think that strategies are the path to riches and steady money. But let’s admit it - all strategies suck. In fact there are really only three broad types of trading strategies.

1. Breakout [...]

Trade The Story Not the News

This week the German IFO survey printed worse than forecast indicating that economic activity in EZ largest and most important economy was slowing markedly. The EUR/USD however did not tumble in the wake of the report, but instead made a fierce turnaround and proceeded to rally for about 100 points into North American [...]

The @@@###!!! Asian trade

Three men doing time in a Israeli prison are up for parole.

Case 1 (heard at 8:50 a.m.): An Arab Israeli serving a 30-month sentence for fraud.
Case 2 (heard at 3:10 p.m.): A Jewish Israeli serving a 16-month sentence for assault.
Case 3 (heard at 4:25 p.m.): An Arab Israeli serving a 30-month sentence for fraud.

Which one [...]

The Trade You Never Take

The other day in our BK signal service I faced the choice of three possible trades. I didn’t take any of them which in the end proved to be the right decision. In trading as in life it is very difficult to argue the counterfactual. Fiscal authorities all across the G10 [...]

Tweet on This!

The other day Hedgefund girl sent me an article by some guy named Peter Brandt who supposedly has been trading for 20 million years that was ominously titled “Warning: Tweeting can be harmful to a trader’s financial health.” In his little missive Mr. Brandt states that, “Getting drawn into the emotions of minute to minute, [...]

Piping Ain’t Money

One of the most popular videos I’ve ever recorded for Youtube is called how to Scalp for 10 pips a day. My friend Rob Booker has an e-book on Amazon called Strategy 10 which is one of the all time best selling FX titles ever published that addresses some of the same issues. Both [...]

Better Trading Through Feedback

The other day a Wired magazine article caught my eye. It discussed a common problem facing many American municipalities. “In 2003, officials in Garden Grove, California, a community of 170,000 people wedged amid the suburban sprawl of Orange County, set out to confront a problem that afflicts most every town in America: drivers speeding through [...]

You Feeling Me?

One of my guilty pleasures this summer is to watch Royal Pains - a TV show set in the Hamptons about a “concierge” doctor to the rich that is really more about the beauty of the place than the drama of medicine. The show is basically a lighthearted play on social manners that always features [...]

Take Your Lumps

One of the maddening things about trading is that it resists any and all attempts to turn it into a regular business activity. For most of us our greatest desire as traders is to achieve steady, positive returns that compound on a daily basis. But trading is not and will never be a job [...]