Dimitrios
Dimitrios
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avatarDimitrios
2022-10-02

Introduction to Futures Contracts and the Inter-Market Spread Trading Strategy.

The derivatives market is the biggest market in the world and futures contracts are among the oldest investing instruments in history.In this article, we are going to make an introduction to the futures contracts and present the futures spread strategy.Photo byVenti ViewsonUnsplashWhat is an Index Futures Contract?In 1864, futures contracts based on grain became available as a trading vehicle and before 1970, all futures contracts had strictly commodities as underline assets. Today, futures contracts can be derived from stock indices, interest rates, forex, etc.A futures contract, in its basic definition, is a promise for receiving or delivering a predefined quantity of an underline asset at a predetermined date in the future.Perpetual futures, on the other side, do not have a predefi
Introduction to Futures Contracts and the Inter-Market Spread Trading Strategy.
avatarDimitrios
2023-01-01

The Trading Style of Mark Minervini.

Continuing the “technofundamental” approach to market trading, this article with be focused on another more modern legendary trader, Mark Minervini.DISCLAIMER: His books and course offer too much material for study and thus this article cannot be considered a replacement.The image has been taken fromhttps://www.tradingreviewers.comMark Minervini was born in 1965 in Queens, New York, and bought his first stock at the age of 18 in the year 1983, although he would be profitable at a later point in his career in the late 80s.He hasn’t spoken much about his family and private life, and education, so this information is not known, although in his interview he mentioned that he “started as a quant”. He might have also attended the University of Maryland.The facts that are known for him are his co
The Trading Style of Mark Minervini.
avatarDimitrios
2023-04-02

Price Action with Single Candlesticks

Continuing from “your starting guide on price action and Japanese candlesticks”, in this article we are going to start building our price action toolkit with our first single candlestick recognition and meaning.Trend Bars versus Trading Range BarsAl Brooks in his book “Reading Price Charts Bar by Bar” start by defining the two different types of Japanese candlesticks by saying that “every bar is either a trend bar or a trading range bar”.The trend bars have a body that is at least half the size of the overall bar and it shows either a bullish or bearish tendency.The trading range bars are closer to what it would be defined as doji, where the buyers and the sellers came to an almost equilibrium and thus the candlestick doesn’t show any direction tendency.With blue arrow the trading bars, an
Price Action with Single Candlesticks
avatarDimitrios
2022-12-02

One of the most Influential Traders of the 20th Century. The life and Teachings of William O’Neil.

William O’Neil is one of the most influential traders of the 20th century. His lessons are been derived from master traders like Jesse Livermore, Nicolas Darvas, and Richard Wyckoff. His CAN SLIM trading method not only made him very successful but influenced many successful traders until today.The CAN SLIM MethodWilliam O’Neil, after his extensive research, concluded that every top-performing stock shares some common characteristics. The CAN SLIM abbreviation has summed up these characteristics. Each of these numbers is used as stock searching criteria in a stock screening application.The earnings of a company, as you are about to find out, is, according to O’Neil, one of the most important things when trying to pick a winner stock. The Earnings Per Share (EPS) is calculated by takin
One of the most Influential Traders of the 20th Century. The life and Teachings of William O’Neil.
avatarDimitrios
2022-10-01

Indicators for Traders: Bolinger Bands

Expanding on our technical indicator library, in this article, we are going to examine the Bolinger Bands.The image has been taken from https://www.tradingview.com/Bollinger bands are calculating the standard deviation inside a certain time frame and it also includes a simple moving average in the middle of the bands. This gives us a blink of the historical volatility of the asset inside a time frame.The calculation of standard deviation that creates the Bolinger Bands is better described in the article “A Relatively Quick Statistics Crash Course — Part 1”.It is a lagging indicator meaning that it calculates historical data.The basic premise is that when the price is outside of the bands, it has been extended way too far out, and one can expect to move back to the mean, and thus it can be
Indicators for Traders: Bolinger Bands
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2023-04-02

The Man Who Broke the Bank of England: George Soros and the Black Wednesday

Maybe one of the most controversial people in finance can be considered to be the famous trader George Soros.In this article, we will examine the life of “the man who broke the pound”, George Soros.George Soros was born in Budapest, Hungary in 1930. Soros and his family, coming of Jewish descent, lived in turbulent times. His father Tivadar even got captured as a prisoner of the Russian army during the first world war. Their initial name was “Schwartz” which would later be changed to “Soros” to camouflage their Jewish descent.At the age of thirteen, George Soros witnessed the German occupation of Hungary during the second world war.After four years, at the age of seventeen, George Soros will leave Hungary for Paris, and eventually to England, with the help of a Hungarian government collabo
The Man Who Broke the Bank of England: George Soros and the Black Wednesday
avatarDimitrios
2022-11-02

How to Profit in a Bear Market or Hedge against it.

Since the beginning of 2022, the markets have been in turmoil. The price of the Standards and Poor’s 500 index has fallen more than 25%, gold against the US dollar has lost almost 22%, and US Oil lost 29% of its price.Although losing portfolio value in this market might seem inevitable, there are ways to hedge against these turbulent markets and even profit from them. Please note that this article will be a simplified view of hedging since the process can be quite complex.Photo byMatt HearneonUnsplash1. Buy Inverse ETFs  Exchange-Traded Funds (ETFs) belong to the Exchange-Traded Product (ETPs) asset class. Unlike mutual funds, ETFs are been traded openly in the markets and thus it is far easier to open and close a position with them.The ETF with the ticker symbol QQQ is tracking
How to Profit in a Bear Market or Hedge against it.
avatarDimitrios
2023-02-02

Tom Hougaard, the Best Loser Wins.

A day trader with a vast library of free content, but also with a free day-trading and swing trading channels, Tom Hougaard is certainly a trading source that deserves attention and study.The image has been taken fromhttps://www.linkedin.com/Tom Hougaard was born in 1969 in Denmark. He gained his Bachelor of Science in economics and Master of Science degree in money, banking, and finance from the University of Wales and Birmingham in the UK, where he moved in 1992 at 23.After finishing his education, he started his career by working for the American bank J.P. Morgan, and after he left the company “Financial Spreads” in 2022, he went to work for “City Index” until 2009. This year was the year that he started his trading career.Tom Hougaard uses theeSignal platformto analyze the markets, che
Tom Hougaard, the Best Loser Wins.
avatarDimitrios
2023-03-02

An Introduction to the Auction Market Theory, and its Tools.

There are many ways to price the market. One famous that accomplishes that is the CAPM method, which is analyzed in “The Capital Asset Pricing Model (CAPM) by William Sharp” article. The downside of the CAPM method is that it is more suitable for longer-term use. For a shorter, intra-day use, a more practical approach would be to price the market according to the market action theory.Photo bySasun BughdaryanonUnsplashThe Life of Pail Samuelson and The Market Auction TheoryPaul Samuelson (1915–2009), was born in Indiana in the US and grew up the Chicago. When in high school, Samuelson started studying the stock market, up to the point where he helped his teacher to select stocks in which he would invest. It was the booming market of the ’20s after all.Samuelson would receive his bachelor’s
An Introduction to the Auction Market Theory, and its Tools.
avatarDimitrios
2023-03-03

A Relatively Quick Probability Crash Course — Part 4 — Bernoulli Trial and Discrete Random Variables

Continuing the “A Relatively Quick Probability Crash Course” article series, this article will be examined the Bernoulli Trial.Daniel BernoulliDaniel Bernoulli (1700 — 1782) was a Swiss mathematician and physicist from the Enlightenment era that was born in the city of Groningen, in the Netherlands. He grew up in a distinct family of mathematicians. He lived and worked mainly in the Swiss city of Basel in Switzerland as a professor at the University of Basel from 1733 until his death. Until this day he is remembered for his contributions to fluid mechanics and probability and statistics. The concept of a Bernoulli trial is described in his book “Ars Conjectandi” (1713).Bernoulli TrialA Bernoulli trial, also known as a “binomial trial”, is an experiment that has two outcomes. One of them is
A Relatively Quick Probability Crash Course — Part 4 — Bernoulli Trial and Discrete Random Variables
avatarDimitrios
2023-05-03

A Collection of Great Historical Quotes for Every Trader and Investor.

My love for historical quotes is not something that I developed recently. I was always noting interesting quotes. I find them as one-sentence reminders for correcting one's mentality. Below you may find a small part of my collection as well as some personal comments, expressing personal opinions.Photo by Jez Timms on Unsplash“… opportunities are like buses, there’s always another one coming.”— Richard BransonMaybe this quote is my favorite. I was recently reading Tom Hougaard’s book “best loser, wins”, and something that he was repeatedly mentioning is that a trader needs to have the belief that his or her system works, and of course, that the market would always have enough opportunities for every trader so he or she could be profitable.This quote is a constant reminder that there are alw
A Collection of Great Historical Quotes for Every Trader and Investor.
avatarDimitrios
2023-07-03

The Economy Under the Modern Monetary Theory (MMT)

Recently, the media was talking about the U.S. debt ceiling and the struggle that the U.S. government had to convince the U.S. Congress to approve additional borrowing.In this article, the main focus will be on the Modern Monetary Theory in contrast to the U.S. debt ceiling.The Debt CeilingSince 1917, the U.S. Congress has had the power to “To borrow Money on the credit of the United States”, given by Article I, Section 8 of the U.S. Constitution. This mechanism sets a limit on the amount of national debt that the U.S. Treasury can hold.This debt can be used for paying social security, military salaries, tax refunds, and more. It basically helps the U.S. government’s revenues, which are mainly derived from taxes, to meet its expenditures.The U.S. government is not the only country in the w
The Economy Under the Modern Monetary Theory (MMT)
avatarDimitrios
2023-06-03

The Story of the Long-Term Capital Management Fund (L.T.C.M.).

There are many things to be learned from the failures and successes of others. LTCM was the start of the 90s of the investment world, but it was short-lived and it didn’t bring its goals to fruition.Photo by alevision.co on UnsplashUntil 1991, John William Meriwether (born in 1947) was a bond trader at Salomon Brothers, one of the five biggest investment banks in the US at that time. This company was so influential that Salomon’s CEO was named “the King of Wall Street”.During his time there, John W. Meriwether was the head of the firm’s bond trading desk until the company, through Paul Mozer who worked in Merithether’s office, was involved in a bond trading scandal, in which Salomon Brothers, a primary dealer between the US government and other market participants, bided mul
The Story of the Long-Term Capital Management Fund (L.T.C.M.).
avatarDimitrios
2023-08-02

Technical Analysis Lessons from Stan Weinstein.

In this article, the main focus will be on the best-selling book in technical analysis from Stan Weinstein “Secrets for Profiting in Bull and Bear Markets”, as well as his general teachings.BioNot many things are known about his life. He likes to keep his private life, private.Stain Weinstein holds a degree in economics, although he claims that he “put his degree on the side” during his career.First published in 1988, the “Secrets for Profiting in Bull and Bear Markets”, has become a market classic in the field of technical analysis.He is married and has three daughters.Stage AnalysisWeinstein is famous for his “Stage Analysis”. Stan identified that historically, every asset follows the same price action cycle, and dived into four stages.Stage 1 — The price has been dropping for a while an
Technical Analysis Lessons from Stan Weinstein.
avatarDimitrios
2023-06-02

An Introduction to the Triangular Arbitrage and the Forex Markets.

Arbitrage is a method of profiting from price or rate discrepancies when the same or similar assets are being traded in different markets or in different forms.Photo by Shubham Dhage on UnsplashTriangular arbitrage is a more complicated form of arbitrage in which, not one, but three assets are been traded in order to profit from price discrepancies.In Wikipedia, one can find the following image. In it, is being detected a complete turnaround of a triangular arbitrage trade.The starting point is $5'000'000, which would be used to buy Euros at a 0.8171 exchange rate. The initial dollar amount is now converted into €4'085'500, and this would be also used to buy British pounds at a 1.1910 rate. Finally, the £3'430'311 would be used to buy back dollars at a 1.4650 rate, which would result in $5
An Introduction to the Triangular Arbitrage and the Forex Markets.
avatarDimitrios
2023-07-04

Sectors, Industries, and Company Examples.

In this article, the main focus would be the MSCI Global Industry Classification Standard (GICS) that defines sectors, and industries. $MSCI Inc(MSCI)$HistorySince 1999, MSCI, S&P, and Dow Jones have collaborated in order to create the Global Industry Classification Standard (GICS). The goal of the documents is to standardize the categorization and classification of securities in the investment process.SectorsAt the top level, as the broader categories, are the sectors, which are 11:EnergyMaterialsIndustrialsConsumer DiscretionaryConsumer StaplesHealth CareFinancialsInformation TechnologyCommunication ServicesUtilitiesReal EstateIndustriesEach of these 11 sectors, of course, has corresponding industries, and in the following ex
Sectors, Industries, and Company Examples.

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