Quote: Paul Tudor Jones – Keep winners, sell losers

“If I have positions going against me, I get right out; if they are going for me, I keep them… Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in.”

Paul Tudor Jones, Hedge Fonds Manager und Multimilliardär

How I fucked up: VW-Shortsqueeze 2008

In der  „How I fucked up…“-Serie lasse ich meine größten Tradingfehler Revue passieren. Los geht’s mit der Mutter aller Shortsqueezes… Volkswagen im Jahr 2008 (10 min Lesezeit)

_____ „How I fucked up: VW-Shortsqueeze 2008“ weiterlesen

Quote: Mark Minervini – Downside

“Being wrong isn’t a choice, but staying wrong is. To play any game successfully, you have to have some skill, an edge, but beyond that it’s money management. That’s true whether you’re playing poker or investing. In either case, the key is managing the downside. Good traders manage the downside; they don’t worry about the upside.”

Mark Minervini, U.S. Investing Champion

Warum viele Aktien-Swingtrader Geld verlieren (Teil 2)

Die meisten Aktien-Swingtrader die ich kenne schaffen es einfach nicht konsistent profitabel zu handeln. Ich gehe im Folgenden auf ein paar Fehlerquellen ein (5 min Lesezeit)

_____ „Warum viele Aktien-Swingtrader Geld verlieren (Teil 2)“ weiterlesen

Signaldienste: Top-Performance ohne Risiko?

Signaldienste werben sehr oft mit herausragenden Ergebnissen. Im Folgenden erörtere ich warum diese Performancekennzahlen sehr oft mit Vorsicht zu genießen sind (5 min Lesezeit)

_____ „Signaldienste: Top-Performance ohne Risiko?“ weiterlesen

Quotes: Jack D. Schwager – Trading Probabilities

„Trading is a matter of probabilities. Any trading strategy, no matter how effective, will be wrong a certain percentage of the time. Traders often confuse the concepts of winning and losing traders with good and bad trades. A good trade can lose money, and a bad trade can make money. A good trade follows a process that will be profitable (at an acceptable risk) if repeated multiple times, although it can lose money on any individual trade. A bad trade follows a process that will lose money if repeated multiple times, but may make money on any individual trade.“

Jack D. Schwager, Autor der Market Wizards-Serie

Quotes: Michael Platt – Trade Implementation

„How you implement a trade is critical. I develop a macro view about something, but then there are 20 different ways I can play it. The key question is: Which way gives me the best risk/return ratio? My final trade is rarely going to be a straight long or short position.“

Michael Platt, Grobritanniens erfolgreichster HedgeFonds Manager