Category: financial advisor
| |Success in trading is measured in terms of the growth of the account balance. A CTA is not expected to play God and call every twist and turn in the market correctly at all times. As a matter of fact, some professional and proven CTA’s systems are only correct 25-30% of the time and they still manage to pull huge profits out of the markets consistently. What distinguishes the “Pros” from their less successful colleagues is their ability (a) to recognize an error promptly and (b) to take necessary action to correct and prevent the error from becoming a financial … Read more What are the Biggest Errors in Trading a CTA Could Make?
| |Most people know Ebenezer Scrooge as the cold-hearted, tight-fisted, “Bah, humbug!” guy from the Charles Dickens novel, A Christmas Carol. But was it really the “happiness of Christmas” that grated on Scrooge’s nerves, or was it something else that caused his foul disposition? Certainly it wasn’t a lack of status that made Scrooge grumpy. He was rich, owned his own financial firm, and lived in a mansion. So, what was it that made him such a contemptible character? … Read more Scrooge: The Real Story