To rectify the situation, he hired the day’s slickest production team.įrom Costello’s liner notes to the 2003 reissue of Punch The Clock:Ĭlive Langer and Alan Winstanley certainly knew where the charts were but they also made great records. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.In 1983, Elvis Costello was critically adored, but slowly slipping down the charts, commercially. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. **Hypothetical Performance Disclosure** Hypothetical performance results have many inherent limitations, some of which are described below. Please consult with your own financial advisor before you tempt fate by following our evil speculation.
Please contact your broker to explain all risks involved in the vehicle you will be trading and any questions you may have. There are tremendous inherent risks in attempting to trade any market using any vehicle, particularly if it is leverage. If it sounds sarcastic, it probably is and if it offends you, just don't read it. We are not endorsing any site or service, nor are we promoting choice examples as real-life trades. Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success. Any commentary on this page, however useful it may be, is used for illustration, and to inspire thought provoking discussion, and not to be taken as specific trade recommendations. The purpose of this website is to track the progressions of human herd psychology as it is reflected through several financial markets. **Disclaimer** The information provided on this website, while timely, colorful, and accurate, is not to be taken as financial, legal, tax, psychological or any type of advise. So I refactored it a little to suit our purpose, and without further ado here are the top and bottom performing stocks for week #47: I eventually abandoned it as early tests were not convincing but over the weekend I was thinking about building a parser for various option plays and realized that 90% of the work had already been done.
Back From The DeadĪbout two years ago I built a stock scanner for a portfolio trading project I was working on. Perhaps a week to place an iron condor which should offer us a high probability of success. Yes of course we’re going to look at the histogram – pretty nice cluster around the zero mark we’ve got going here.
#PUNCHING THE CLOCK PLUS#
BUT on the plus side, the odds of a massive sell off are slim which may not be immediately apparent from the percent positive chart above.įor that we need to look at the SKEW which comes in at a very respectable -1.15 – that’s pretty damn good! Now more seriously speaking: statistically we are not looking at a big earnings week here. Which incidentally describes 90% of the population. Before you know it 35 years have passed and it’s time to retire on a meager pension. The net productive output of week #47 amounts to the bare minimum, slightly outweighing the risk and annoyance of firing its ass and hiring someone else in its stead. If week #47 would have an avatar then it’s that of a lowly white collar office worker who punches the clock every morning, takes extended lunch breaks, shirks any responsibilities or deadlines, and generally keeps its head down as to not get noticed by that cunty ball breaker called Lucy in HR.
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