A Few Spins Of The Wheel

Last week we talked about the casino’s edge which in the trading world is called expectancy, but all that expectancy tells us is whether or not our trading strategy is likely to be profitable or not—but not how much money we might make.  How profitable depends on how often we have a chance to trade our system—will it be a … Read More

The Effect of Computer Programs on Short Term Trading

One of our readers asked a great question recently in response to our blog posts. Our reader, Sandor, pointed out that we have the tendency to write about the computer programs that populate most active stocks in the market. But we haven’t really explained fully what they do or their impact on us short term traders. So I want to … Read More