Market Wizard speaks: Marty Schwartz at Amherst College, Spring 2013

  1. when trading, look for a change in velocity
  2. fundamentals will give you the sweet spot to look for new investments
  3. investing is not the same as trading
  4. cut losses fast
  5. money management!!
  6. HFT, algos, etc. made the market more emotional, thus more volatile
  7. get a plan
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Investing & Trading Bibliography

Must read:

Further reading:

Investor mental framework:

Analyzing and valuing businesses:

 

Shitlist:

  • Trading in the Zone, by Mark Douglas (trading psychology, pure waste of time)

Qt Bitcoin Trader v.1.07.98 – rules setup

Rule Mode State Description Action Amount Price
Stoploss Sequential enabled if market ask price <$XXX cancel all orders not used not used
enabled if market ask price <$XXX ask sell 100% of my USD bid price*
enabled if market ask price <$XXX enable all rules not used not used
Quick Buy Sequential disabled if market last price > $1 bid spend 100% of my USD ask price*
disabled if market last price > $1 cancel all orders not used not used
disabled if market last price > $1 enable all rules not used not used
Quick Sell Sequential disabled if market last price > $1 ask sell 100% of my BTC bid price*
disabled if market last price > $1 cancel all orders not used not used
disabled if market last price > $1 enable all rules not used not used
Slow Buy Sequential disabled if market last price > $1 bid spend 100% of my BTC bid price*
disabled if market last price > $1 cancel all orders not used not used
disabled if market last price > $1 enable all rules not used not used
Slow Sell Sequential disabled if market last price > $1 bid spend 100% of my BTC ask price*
disabled if market last price > $1 cancel all orders not used not used
disabled if market last price > $1 enable all rules not used not used

*issue regarding confusion between ask/bid price in rules – https://github.com/JulyIGHOR/QtBitcoinTrader/issues/147

 

Other tutorials:

http://www.wallstreetcrypto.net/2014/01/introduction-to-qt-bitcoin-trader.html