Doin' It Bloggystyle: Random Lunch
Minyanville brings together the best of what they are saying "out there" about the topics we're talking about right here.
Blogs themselves need no introduction, as they get as much publicity as pretty much anything these days, save maybe the latest Britney news. There's an expanding world of excellent financial blogs, covering pretty much everything from global economics to swing trading. Minyanville's goal is to bring together the best of what they are saying "out there" about the topics we're talking about right here.
And to the answer the question, yes, Alyssa Milano was at the All-Star game. Paper or Plastic?
- Options Trading Beginner examines the pros and cons of paper trading.
- Count me as a "con". You just can't replicate the feeling of a losing trade, not to mention how you handle it, with paper.
- In a related topic, Chris Perruna argues that it's not your magical trading system that makes it all work (or not): It's you.
- "Money management, also termed as risk management is a major part of the holy grail of investing, not the system! Novice investors will eventually understand this after many years of trading (some quicker than others)."
- Great, but how about a VIX Hovers Near 15 Now party too?
- Peridot Capitalist examines the actual relevence.
- They're kayaking in Calgary to celebrate. Or something like that.
Do traders prefer winning or making money?
- It's an interesting question, posed by Dr. Brett.
- The question is whether you would rather win on most of your trades, but take a few big hits that put you overall negative, or the reverse; lots of losers but a big winner that bumps you ahead.
- A surprisingly high number would prefer the former, which means net/net you lose money.
- Implications? It leads to a tendency to cut winners too soon and let losers fester.
- Personally? I fall into this trap a little bit. But I do define "winning" as my net P&L, not one individual name.
- Positive divergence in the U.S. Dollar Index via Afraid to Trade.
- Great opportunity buffet from StockBee.
- ZackStocks takes a look at MTOX.
Careful what you wish for...
- If this columnist is correct, a four-team college football playoff will be upon us circa 2011.
- And it is in the NY Post, so it has to be true, lol.
- Great news, right? I think it ruins college football. Are we trying to get rid of the yearly arguments? All the BCS has done is change the discussion from "who's Number 1" to "who's Number 2". All this will do is change it to "who's Number 4".
- But it gets even worse. In any given year, there are several de facto playoff games already. 2006 Michigan-Ohio State anyone? A game like that now becomes meaningless; it would just have been two teams playing for seeding. Great.
- Then inevitably, the playoff expands to eight teams, then 16. And the college football regular season becomes the college basketball regular season and conference tourneys, which have totally lost luster over the years.
- So yes, you ultimately get an exciting playoff, which gives you a few more interesting games at the expense of losing interest in an entire season. Doesn't seem like a great tradeoff in my opinion.
- But if we're going to do it, how about we make it like six or eight teams, and no at-large entrants. You have to win your conference to get in, so as to keep the regular season and conference playoff games more relevant.
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