Posts tagged Trade

Bitcoin For The Masses

At the North American Bitcoin conference, there was a lot of talk about what it would take to mainstream Bitcoin.  It’s pretty easy to see the impediments: No banking relationships Mobile payment checkout is hard Theft and Security Volatility Liquidity …






Innovation Should Make It Better

In the high frequency trading debate (HFT), proponents of HFT always trot out the same old meme’s.  “But, when it was floor traded the people on the floor had an advantage.”  Or, “Anyone can buy speed.”.  Or, “It’s more democratic.” …






What Can You Control? What Can’t You Control?

In business, there are things you can control, and things you can’t.  In trading, things you can control, and things you can’t. Having some control over processes takes randomization out of them.  It contracts that bell curve, decreases variance and …






Wonder What Open Outcry Trading Was Like?

This is exactly where I worked from 1986-2003.  From 2003-2010, I was in the Hog pit.  In the first few minutes of the video, they show the part of the pit that I plied my trade in.  There was nothing …






Get Used to Volatility

After a nice sustained rally this year, the market seems to be having second thoughts.  When markets turn, there is a lot of volatility at the high and the low.  Great uncertainty sweeps through.  There are no real North Stars …






Focus Focus Focus

What can kill your business?  Lack of focus.  I have seen it time and time again.  Everyone chases the next shiny object in hopes that it will yield a pot of gold at the end of the rainbow.  I have …






More on Central Planning versus Free Markets

These people int he Obama administration just don’t get it. They are so committed to the notion that they can think for everyone else, and that markets are puppets to be played with. John Cochrane is a distinguished economist at …