Something to read

• The Big Economic Unknowns of 2015, From Unemployment to Oil (Upshot)
• Ride Winners and Cut Losers. Period. (Alpha Architect)
• Wall Street Firms Endure Lost Decade After Goldman Peak in 2007 (Bloomberg)
• Yellen Finishes 2014 with a Win (Reformed Broker)
• How to debunk false beliefs without having it backfire (Vox)
• What the stock market can teach you about your own personality: Money brings out the insecurity in everyone. But here’s the good news: you can defeat it (The Guardian)
• Bloomberg Businessweek 2014 Jealousy List: The 44 Best Stories We Didn’t Write (Businessweek)
• This is the stupidest anti-science bullshit of 2014 (MoJo)
• Most coastal cities will face routine flooding in our lifetimes, NOAA says (WonkBlog)
• What Did We Get Stuck In Our Rectums Last Year? (DeadSpin)

What are you reading?

the source

• 14 Meaningless Phrases That Will Make You Sound Like A Stock-Market Wizard (BI)
• Here is how low oil prices will shake things up in 2015 (Quartz) see also This Era of Low-Cost Oil Is Different (BV)
• “Buy Europe” (TRB)
• Genius Must Be Proven (A Wealth of Common Sense)
• Here Come Small Caps (Irrelevant Investor)
• The Year in White-Collar Crime (NYT)
• The worst journalism of 2014: A recap of this year’s most cringeworthy news blunders (Columbia Journalism Review)
• A Dozen Things I’ve Learned from Steve Jobs about Business (25IQ)
• Five Ways Obama Can Mess with Republicans in 2015 (Bloomberg Politics)
• Inadvertent Algorithmic Cruelty (Meyer) see also Well, That Escalated Quickly (Meyer)

What are you reading?

• She Short Sells Shoes On A Shopping Site (Medium)
• China is Planning to Purge Foreign Technology and Replace With Homegrown Suppliers (Bloomberg)
• Market Fundamentalism & the Power of Bad Ideas (Boston Review) see also Slavery and Capitalism (Chronicle of Higher Education)
• The Army Is Building An Algorithm To Prevent Suicide (fivethirtyeight.com)
• Lucasfilm Owns All of Your Droids (Priceonomics)
• The Steep Cost of America’s High Incarceration Rate (WSJ)
• Silicon Valley Predictions For 2015: There Will Be Blood (ValleyWag) see also Fred Wilson: What Just Happened? (AVC)
• What 800 Nerds on a Cruise Ship Taught Me About Life, the Universe, and Snorkeling (Wired)
• A scandal’s long shadow: Football’s back, but the valley isn’t happy. Penn Staters still seethe over Paterno’s treatment. (Philly.com)
• The Tragedy of the American Military: The American public and its political leadership will do anything for the military except take it seriously. The result is a chickenhawk nation in which careless spending and strategic folly combine to lure America into endless wars it can’t win. (The Atlantic)

the source

Come Into My Trading Room: A Complete Guide to Trading
by Alexander Elder

The trading bible for the new millenniumIn Come Into My Trading Room, noted trader and author Dr. Alexander Elder returns to expand far beyond the three M's (Mind, Method, and Money) of his bestselling Trading for a Living. Shifting focus from technical analysis to the overall management of a trader's money, time, and strategy, Dr. Elder takes readers from the fundamentals to the secrets of being a successful trader--identifying new, little known indicators that can lead to huge profits.

Come Into My Trading Room educates the novice and fortifies the professional through expert advice and proven trading methodologies. This comprehensive trading guide provides a complete introduction to the essentials of successful trading; a fresh look at the three M's, including a proven, step-by-step money management strategy; and an in-depth look at organizing your trading time. Come Into My Trading Room reviews the basics of trading stocks, futures, and options as well as crucial psychological tactics for discipline and organization—with the goal of turning anyone into a complete and successful trader.

By showing traders how to combine the elements of mind, method, and money, Come Into My Trading Room gives readers the knowledge and insight to enter the market with confidence and exit with profits. Unparalleled depth and a wide range of coverage will keep all levels of traders engaged, informed, and returning to Come Into My Trading Room again and again.

Dr. Alexander Elder (New York, NY) is a professional trader, technical analysis expert, and practicing psychiatrist. He is the founder of Financial Trading Inc., providing intensive trading camps to traders all over the world.

--------------------------

Interview with Dr. Alexander Elder: "I want to be a psychiatrist in the market"

MQL5 Cookbook: Developing a Framework for a Trading System Based on the Triple Screen Strategy

It has become our New Year tradition to team up with Will Beria, our Listmaster of Things that Didn't Happen, and make an official statement.

This time, however, instead of a summary of things that didn't happen in the past year, we are offering a list of Top Ten Things To Come in the coming year.

1. Recovery will reach escape velocity and escape the economy altogether
2. All executive orders will be declared constitutional by executive order
3. Robert Kennedy Jr. will apologize for being white and male, blaming his parents
4. The New York Times will cut operating costs by replacing fact-checkers with rubber stamp
5. A Harvard professor will find evidence proving evidence proves nothing
6. City of San Francisco will be leveled because steep hills made it handicap inaccessible
7. Nobel-winning economists will admit bafflement that deficit keeps growing despite increased government spending
8. Last Baby Boomer will go kicking and screaming into his 60s; generation will be renamed 'Crybaby Boomers'
9. Congress will stand up to Wall Street; bankers will take their seats
10. Sesame Street will sue Letter 'S' for monopolizing both plural and possessive nouns

In more News From the Future:

A Supreme Court decision in "Fabian and Fabian versus America" will result in a declaration that naming governmental entities (cities, states, etc.) or taxpayer-supported institutions after Christian saints or personages is in violation of the separation of church and state. Additionally, using for this purpose the name of a Caucasian and/or male is declared racist and/or sexist in violation of the equal protection clause and/or something in the Constitution the Supreme Court will defer explaining to the future.

In light of the decision, San Francisco will revert to Yerba Buena and the City of Angels, Los Angeles, will become Los Humanas. The state of Pennsylvania will become the all-inclusive Pansylvania, Pittsburgh will become Peoplesburgh, and Philadelphia, City of Brotherly Love, will be rechristened renamed Philatransgendoria. St. Louis will become Middleopolis. Their pro sports teams will follow suit: the Rams will become the gender-neutral Middleopolis Sheep, and the Cardinals will become the Laypersons.

The USA itself will drop the connection to Amerigo Vespucci and become the USNC, United States of North Continenta. Disassociating from Columbus and Washington, the capitol will be renamed Omnicity, District of Potomaca. The NFL franchise will follow suit, becoming the Omnicity Redskins.


the source

High Probability Trading Strategies: Entry to Exit Tactics for the Forex, Futures, and Stock Markets
by Robert C. Miner

Trading today's markets - including stocks, futures, or Forex - can be a challenging and difficult endeavor. But it is possible to achieve consistent success in this field, if you're prepared to learn a complete trading plan from entry to exit.

In High Probability Trading Strategies, author and well-known trading educator Robert Miner skillfully outlines every aspect of a practical trading plan - from entry to exit - that he has developed over the course of his distinguished twenty-plus-year career. The result is a complete approach to trading that will allow you to trade confidently in a variety of markets and time frames.

With this book as your guide, you'll quickly learn how to recognize high-probability trading opportunities, pinpoint exact entry and stop prices, and manage a trade until it's completely closed out. You'll discover how the four key factors of dual-time-frame-momentum, pattern, price, and time can guide you down the path to trading profits. As you become familiar with the proven strategies and techniques taught in High Probability Trading Strategies, you'll also come to understand the type of market information you can use to make specific trade decisions and how to execute those decisions from start to finish.

Miner teaches in a practical, step-by-step manner until a complete trading plan is developed. While the ideas found here are essential to trading success, the best way to learn is by example. That's why Miner has devoted an entire chapter - called "Real Traders, Real Time"- to trade examples submitted by his past students. In it, you'll see how they apply the strategies taught throughout the book to markets around the world.

A companion website completes this comprehensive learning package. It's not a word-for-word review of the material in the book, but rather an additional tool to illustrate more examples. With it, you'll learn how to put high-probability trading strategies into practice, day by day and bar by bar, for many different markets and time frames.

Written with the serious trader in mind, High Probability Trading Strategies details a practical approach to analyzing market behavior, identify-ing profitable trade setups, and executing and managing trades - from entry to exit - that will allow you to both preserve and grow your capital. If you're looking to make the most of your time in today's markets, look no further than High Probability Trading Strategies.

Entries & Exits: Visits to 16 Trading Rooms
by Alexander Elder

Come behind closed doors and see real trades made by real traders. Dr. Alexander Elder leads you into 16 trading rooms where you meet traders who open up their diaries and show you their trades. Some of them manage money, others trade for themselves; some trade for a living, others are on the semi-professional level. All are totally serious and honest in sharing their trades with those who would like to learn. You will meet American and international traders who trade stocks, futures, and options using a variety of methods. All are normally very private, but now, thanks to their relationships with Dr. Elder, you can see exactly how these traders decide to enter and exit trades. Each chapter illustrates an entry and an exit for two trades, with comments by Dr. Elder. With this book as your guide, you can get closer to mastering the key themes of trading-psychology, tactics, risk control, record keeping, and the decision-making process. The companion Study Guide is filled with striking insights and practical advice allowing you to test your knowledge and reinforce the principles outlined in Entries & Exits.

• Walmart CEO Doug McMillon letter to associates regarding minimum salaries (Walmart) see also A stimulus plan for the heretofore unstimulated (TRB)
• Revealed: The experts Apple hired to build an electric car (9to5 mac)
• Why Nasdaq in 2015 is not the same as 2000 (Irrelevant Investor)
• Your Alpha is My Beta (Gestaltu)
• 2015 Breakthrough Technologies (MIT Technology Review)
• These are Not the (Modeling Assumptions About) Droids You are Looking For (Growth Econ)
• Our Amazingly Plastic Brains: Mental and physical exercise can keep the brain fit and help it recover capacities lost to disease and trauma (WSJ)
• Greenlandic fjords and viking ruins await your discovery in Google Maps (Google Lat Long) see also You owe it to yourself to check out Google’s amazing Street View images of Greenland (BGR)
• Has Ayn Rand’s day as a business guru finally passed? (LA Times)
• Our Taste for Alcohol Goes Back Millions of Years (Scientific American)

What are you reading?

the source

• The Riddle of Tampa Bay: Harold and Jay Bowen—who alone have managed billions for Tampa’s police and firefighters for forty years—may be two of the greatest stock pickers of all time. (Chief Investment Officer)
• Your Brain Is Primed To Reach False Conclusions (fivethirtyeight)
• Jonathan Ive and the Future of Apple: How an industrial designer became Apple’s greatest product. (New Yorker) see also Why Samsung Design Stinks (Fast Company)
• The Austerity Con (London Review of Books)
• Are We Smart Enough to Control Artificial Intelligence? (MIT Technology Review)
• LeBron James Reveals Ambitious Plan to Build Hollywood Empire: “Winning Is the First Thing That Matters” (Hollywood Reporter)
• Why science is so hard to believe (Washington Post)
• Neurologist Oliver Sacks on Memory, Plagiarism, and the Necessary Forgettings of Creativity (Brain Pickings) see also Oliver Sacks on Learning He Has Terminal Cancer (NY Times)
• The Mysterious, Murky Story Behind Soy-Sauce Packets: How Chinese takeout, a Jewish businessman from the Bronx, and NASA-approved packaging have shaped the 50-year reign of a well-loved American condiment (The Atlantic)
• Who is the Brian Williams of Fox News? Why, its Bill O’Reilly! (MoJo)

What are you reading?

• In Greenbacks We Trust (NYT Magazine)
• False Hope: Most trading strategies are not tested rigorously enough (The Economist)
• Dark Leviathan: The reluctant king of the hidden internet (Aeon)
• The Great SIM Heist: How Spies Stole the Keys to the Encryption Castle (First Look)
• Poison Pill: How the American opiate epidemic was started by one pharmaceutical company. (Pacific Standard) see also Vitamins Are a Waste of Money—And They’re Not Helping You, Anyway (The Atlantic)
• Whatever happened to the teenage entrepreneurs whom Peter Thiel paid to forgo college? The Rich Man’s Dropout Club (Chronicle of Higher Education)
• What do you think about machines that think? (Edge)
• The CIA’s secret psychological profiles of dictators and world leaders are amazing (MoJo)
• One Man’s Quest to Rid Wikipedia of Exactly One Grammatical Mistake: Meet the Ultimate WikiGnome (Medium) see also User: Giraffedata (Wikipedia)
• The Long, Strange Purgatory of Casey Kasem (GQ)