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Well someone in your family decided to stay, so I think it's worth taking the risk.

Better to have a concentrated portfolio of high conviction trades. Otherwise your transaction costs (not just commissions!) will eat at your returns. From your setups, you might find that 20% of them have much better realized sharpe ratios and returns. I would limit my trading to just those.

So let's ship you off to another country and replace you with a foreign student who has more potential (we can give them your house too to solve housing). Great idea--let's make immigration work both ways.

The CFA is great for those seeking a career in the field, but that's a 3-year commitment. This is meant to be a couple of weeks of readings to have a foundational grasp of market concepts. I may do a follow up with more advanced equity and macro trading items. I will leave a derivatives primer...

What value do you add to this country? This kind of stupid is exactly why we need immigrants. :rolleyes:

Many would like to stay and build a life here.

So how can you position for a catalyst if you don’t know them? :rolleyes:

Noisy in that it’s driven by a variety of factors. I sat on a macro desk trading fx— small variations in policy and regime have meaningful trading ramifications. If you don’t pay attention or believe there is value in that information, I’d like you as a counter party.

Lol you really jumped all over this. :D

There’s two ways to define risk. It can represent total capital loss or it can represent the probability of hitting a goal.

It’ll speed up, promise!

Growth concerns (driven by covid resurgence and supply chain issues as growth peaks) is driving a repricing of risk across the board.

The opposite. There are still many active funds that act as closet indexers — which means that they do not have an edge (analytical, behavioral, or informational). That’s why I’m the info chart I posted, the average fund manager is also unable to consistently generate performance, even though...

If only people approached trading with this level of rigor!

There’s pretty much a revolving door between academia and high finance. Many leading researchers end up launching, cosponsoring, or consulting to hedge funds and investment banks. The factor primer you tried to read is what billions if not trillions of dollars of strategies are based on or...

Right and that’s a very simple momentum/trend following strategy. You can automate that, though your equity curve will show diminishing returns, and occasional large drawdowns. This is because you are factor loading — or rather, exposing yourself to momentum, which produces very sharp reversals...

If you had conviction in your indicators you’d go max leverage on trades. You don’t because you know that they do not give you an edge, or one big enough to take actual risk. That’s the difference between our approach. Your trading pnl is probably not too far from random.

What mathematical models are you talking about?

So how do you get to those 10 stocks? Just the highest price momentum + volume?

your stop loss is 1% below your entry? what do you mean by risking 1% or less? Indexing momentum is pretty much buying (selling) all stocks that are going up (down).