recovering economist
Here are 5 things I learned reading, Sweet and Low: A Family Story, By: Rich Cohen (Amazon)
1. Everyone has a crazy aunt.
2. Things that happened long ago can be incredibly important.
3. Helping out, even with the best of intentions, can end in tragedy.
4. It is hard for a rich man to raise kids that are not “rich-man’s-kids.”
5. I will never look at a pink Sweet’N Low packet the same.
[This is part of the series: Technical Analysis > Fundamental Analysis]
Call me lazy, but systematic trading is just easier.
With fundamental trading, it is hard to tell if you are right or wrong – or lucky.
And, with fundamental trading, there is too much to follow.
But with systematic trading, trading can be completely uncomplicated.
Sure you will have your draw-downs, like any other system.
But systematic trading really is the best way to predict prices.
There is so much uncertainty that comes with prediction. What influences prices and what should you ignore? And the headache of the information. You can literally drown yourself in information.
In this, there is comfort in boundaries, in rules, and in the certainty that diversified trend-following, and some other types of systematic trading, offer.
So take the easy route and don’t make trading harder than it has to be.
Systematic trading is easier than fundamental trading:
All there is to do is follow your rules.