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Kindle Notes & Highlights
by
Liam Vaughan
All they had to do was correctly predict whether the market would go up or down more often than they were wrong, and they would be rich and free.
He stripped back his setup to just two screens, enough to fit the limited tools he needed to make money.
Nav predominantly traded the S&P 500 “e-mini,”
It wasn’t clear who was behind the phenomenon or why. As Jesse Livermore had noted back in 1923, it didn’t really matter. The important thing was that there was a trend that could potentially be exploited.
the robots had an inherent weakness he knew he could exploit. They were followers,
When markets rise, they tend to do so in an orderly fashion, climbing steadily over weeks and months. But when they fall, the correction can happen very quickly,
“Traders think of trading as a game. Many traders have a gaming background: poker, backgammon, computer games. You make moves. I’ll bluff and I’ll try and maneuver around to get my strategy implemented.
“I loved to go to work every morning at five a.m. and be done by lunchtime, have a workout, and come home to pick up the kids from school. It was a nice life.”
if your happiness is dependent on what other people think then you’ll always be unhappy.”
