Consilient Investor > Trading & Investing
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| The View from 12,000 Feet (Short-Term vs. Long-Term Goals) The merits of bungee jumping vs. skydiving can be compared to short-term vs. long-term goals. It seems logical to view the short-term goal as an easier / less frightening prospect than the long-term one. But that isn't necessarily the case. |
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| Coyote Dawn One could say there are two distinct "schools" of deer hunting. We're not talking theological schism here, but the differences are significant. These differences apply to investing and trading too. |
Smallball vs. Longball Smallball refers to more tactical, conservative play -- not going for the glory, just taking modest calculated risks. Longball refers to the big, bruising home run game; swinging for the fences, looking to crush the ball. |
| Triple V Part III: The Chart is Not Reality So many people look at a chart and think they are viewing something real. They are not. They are looking at pixels on a screen or dots of ink on a page. The chart is not reality; it is merely an abstract representation of such. |
Triple V Part II: What's Wrong with TA It's time to ask the question, "What is wrong with Technical Analysis?" And by that I mean, what is wrong with TA as it is commonly conceived or generally understood. |
| Triple V Part I: What is Technical Analysis (TA) Triple V Analysis is really just technical analysis stripped down to its core essence. It takes this wandering, complicated mass that is TA -- this frequently abused, over generalized thing -- and distills it into a more pure and useful form. |
The Information Curve Consider two hypothetical traders, similar in all respects but one. Trader A has an average information threshold, while Trader B has a modestly higher one. Does this translate to significant advantage? |
| Discretionary vs. Mechanical Trying to understand the market on a core level is a monumental task. But the potential rewards are monumental too. If you succeed, many paths are open to you that are closed to others, because you have developed an intrinsic grasp of how things work. |
Betterment of Self With betterment of self as the goal, the journey takes precedence. There is no ticker-tape parade, no cheering crowd at the finish line... and no hidden disappointment when milestone after milestone falls short of nirvana. |
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