Tulipmania & Trading Strategies

Extraordinary Popular Delusions and the Madness of Crowds   When I was kid, my grandfather, the small-town Ohio doctor I mentioned in the Introduction, and I were sitting at his humble kitchen table one morning when I was thirteen. He had in his hands this hardback book with a rustic, old-looking cover.  He said to…

Trading Strategy Development

I have seen all types of supposed strategies developed. Whether published in a book or evolved on a trading floor, most are just a list of one trading instrument after another, defining the instrument and claiming that is a strategy. Trading instruments using financial or physical, swaps to options, is not a strategy. It is…