Discover and read the best of Twitter Threads about #weekendreading
Most recents (13)
The Complete Guide to Option Selling by James Cordier and Michael Gross
Week 3
#WeekendReading #LearningTogether
Week 3
#WeekendReading #LearningTogether
1. Selling options randomly may result in about 80 percent winners, but one or two in the 20 percent of losers could end up with substantial losses.
2. properly managed option writing portfolio should allow its owner to sleep well at night, should be low maintenance, and should be predominantly absent of heart-pounding, gut-wrenching decisions.
The Complete Guide to Option Selling by James Cordier and Michael Gross
Week 2
#WeekendReading #LearningTogether
Week 2
#WeekendReading #LearningTogether
1 Just because an
option has high volatility does
not mean that it is a good option
to sell. And just because an
option has low volatility, it
does not mean that it is a poor
option to sell.
option has high volatility does
not mean that it is a good option
to sell. And just because an
option has low volatility, it
does not mean that it is a poor
option to sell.
2 Unless you love
to gamble, buying options is a losing proposition.
to gamble, buying options is a losing proposition.
Option Selling is the in thing so it'll be
The Complete Guide to Option Selling by James Cordier and Michael Gross
Week 1
#WeekendReading #LearningTogether
The Complete Guide to Option Selling by James Cordier and Michael Gross
Week 1
#WeekendReading #LearningTogether
1 It is estimated that anywhere from 75 to 80 percent of all
options held through expiration will indeed expire worthless.
Furthermore, it is estimated that only 10 percent or less of all options
will ever be exercised.
options held through expiration will indeed expire worthless.
Furthermore, it is estimated that only 10 percent or less of all options
will ever be exercised.
2 "Option selling has unlimited
risk” is all that most investors know about the concept. The term
unlimited risk is enough to cause most investors to cross it off their list
of potential investment strategies without further exploration.
risk” is all that most investors know about the concept. The term
unlimited risk is enough to cause most investors to cross it off their list
of potential investment strategies without further exploration.
Skin In The Game-Hidden Asymmetries in Daily Life by Nassim Nicholas Taleb
Week 2
#WeekendReading
#LearningTogether
Week 2
#WeekendReading
#LearningTogether
1 The most reliable advocate for a product is its user.
2 The average behavior of the market participant will not allow us to understand the general behavior of the market.
Skin In The Game-Hidden Asymmetries in Daily Life by Nassim Nicholas Taleb
Week 1
#WeekendReading
#LearningTogether
Week 1
#WeekendReading
#LearningTogether
1 Skin in the Game is about four topics in one: a) uncertainty and the reliability of knowledge (both practical and scientific, assuming there is a difference), or in less polite words bull***t detection, b) symmetry in human affairs, that is, fairness, justice, responsibility...
2 ...and reciprocity, c) information sharing in transactions, and d) rationality in complex systems and in the real world. That these four cannot be disentangled is something that is obvious when one has…skin in the game.
A Mind for Numbers- How to Excel at Math and Science by Barbara Oakley
Week 2
#WeekendReading
#LearningTogether
Week 2
#WeekendReading
#LearningTogether
1 There are two major memory systems:
Working memory—like a juggler who can keep only four items in the air.
Long-term memory—like a storage warehouse that can hold large amounts of material, but needs to be revisited occasionally to keep the memories accessible.
Working memory—like a juggler who can keep only four items in the air.
Long-term memory—like a storage warehouse that can hold large amounts of material, but needs to be revisited occasionally to keep the memories accessible.
2 Spaced repetition helps move items from working memory to long-term memory.
A Mind for Numbers by Barbara Oakley
Very good to learn about how to study, especially useful if you have school going kids at home
Week 1
#WeekendReading
#LearningTogether
Very good to learn about how to study, especially useful if you have school going kids at home
Week 1
#WeekendReading
#LearningTogether
1 Surprisingly, your brain can also work on a problem even while you are sleeping and are not aware of anything. But it does this only if you concentrate on trying to solve the problem before falling asleep.
2 Students most commonly use the strategy of repeated reading—simply reading through notes over & over. We & other researchers have found that this passive & shallow strategy often produces minimal or no learning. We call this “labor in vain”.
Superforecasting: The Art and Science of Prediction
by Philip E. Tetlock and Dan Gardner
Week 3
#WeekendReading
#LearningTogether
by Philip E. Tetlock and Dan Gardner
Week 3
#WeekendReading
#LearningTogether
1 It makes sense that giving analysts a basic grasp of psychology will help them avoid cognitive traps and thus help produce better judgments. But does it? No one knows. It has never been tested.
2 Don’t believe until you test.
Superforecasting: The Art and Science of Prediction
by Philip E. Tetlock and Dan Gardner
Week 2
#WeekendReading
#LearningTogether
by Philip E. Tetlock and Dan Gardner
Week 2
#WeekendReading
#LearningTogether
1 It’s a rare day when a journalist says, “The market rose today for any one of a hundred different reasons, or a mix of them, so no one knows.”
2 Scientists must be able to answer the question “What would convince me I am wrong?” If they can’t, it’s a sign they have grown too attached to their beliefs.
Superforecasting: The Art and Science of Prediction
by Philip E. Tetlock and Dan Gardner
Week 1
#WeekendReading
#LearningTogether
by Philip E. Tetlock and Dan Gardner
Week 1
#WeekendReading
#LearningTogether
1 Forecasting is not a “you have it or you don’t” talent. It is a skill that can be cultivated.
2 The one undeniable talent that talking heads have is their skill at telling a compelling story with conviction, and that is enough.
1 I am learning to use mind maps so will try to illustrate the broad theme of the book with them.
Will post a complete mind map when I finish reading it.
Will post a complete mind map when I finish reading it.
2. Your memory is the glue that binds your life together; everything you are today is because of your amazing memory. You are a data collecting being, and your memory is where your life is lived.
#memory
#memory
This time it is 'The Market Wizards' by Jack Schwager for #WeekendReading
Favorite book of most traders.
#LearningTogether
Favorite book of most traders.
#LearningTogether
1 A bull market should shrug off bearish news & respond vigorously to bullish news.
- Michael Marcus
- Michael Marcus
2 Before you get in a trade, pick a point to get out
When in doubt, get out & get a good night's sleep.
-Michael Marcus
When in doubt, get out & get a good night's sleep.
-Michael Marcus
Weekly Spam Alert
#WeekendReading The Universal Principles of Successful Trading by Brent Penfold
read good reviews of it many times in past
#WeekendReading The Universal Principles of Successful Trading by Brent Penfold
read good reviews of it many times in past
1 If u function only in an environment of certainty & security, like being in a secure relationship or secure job, then trading is not for u
2If u r n intellectual who rarely admits 2 being wrong, then trading is not 4 u,as markets have regular tendency 2 belittle u & make u wrong
