When a share just goes up and up there is a name for it: A fat tail. Mentoree Doug Dew shares his studies on market probability, fractal geometry and fat tails. Louise Bedford discusses the cost of speculation and the challenges of a small account.Mindpower Louise BedfordHow much equity is required in the markets?The cost of speculation must be worthwhile and trading smaller accounts can throw up some challenges.Hear what they are with Louise.Doug Dew MentoreeExperts are divided when it comes to markets being random or predictable and Mentoree Doug Dew shares his research.In this interview we discuss: The book: ‘A Random Walk Down Wall Street’ and the term 'heteroscedasticity’ The concept of efficient market theory Mandelbrot and Fractal Geometry The Bell Curves, nature and Karl Fredrick Guass Nassim Taleb and his book ‘Fooled By Randomness’ The importance of psychological stamina for long runs of unsuccessful trades The definition of fat tails and what to do when a fat tail comes and how to protect your protect profit.
The Van Tharp Trader Test uncovers your natural decision-making style, your psychological strengths, and the hidden habits that shape your results.
If you want clarity, and confidence start with understanding you. The Trader Test shows you where you shine, where you struggle, and how to build a trading approach that fits like a glove.
Take the test and meet the trader inside you: https://tharptradertest.com/
Trade confidently. Louise Bedford is a best-selling author and founder of www.tradinggame.com.au and www.talkingtrading.com.au.
Facebook
YouTube
Twitter
LinkedIn
