A Trading Strategy with a 95% Win Rate? Run Away!

Some trading ads you see on the Internet may tout their trading strategies. They might make a pitch like the following: Use My Proven trading...

Backtesting Is Finance’s Version of Retrospective Research

A lot of effort and money is spent looking for ways to make money in the stock market. While you can get perfectly good...

How To Buy A Stock At Fidelity (with Screenshots)

We’re going to go really basic today, but even experienced investors might find a pearl or two in this post. In the past, I’ve been...

Bull Case vs. Bear Case: 4th Quarter 2017

It's really hard to predict the future. That's why I don't try to time the market and just buy a diversified set of low-cost...

Why Do Traders Underperform The Market?

Inevitably, every investor, especially those who enjoy reading personal finance blogs, will want to give trading a shot. I certainly tried my hand at...

The Dream Team Loses Big: The Fall of Long-Term Capital Management (Wall Street Profiles)

In this fifth installment of the Wall Street Profiles series, we look at the infamous Long-Term Capital Management (LTCM) hedge fund. It's been almost...

The Hard Right Edge And A Market Timing Strategy Gone Awry

There is such an allure to looking at stock charts. The price jumps up and down, and our tendency to try to make patterns...

The Bull Market Is Over (Or Is It?)

The stock market has had a breathtaking run over the past eight years. Since its low point in March 2009, when the S&P 500...

Why Jim Cramer Is Wrong About Doing Your Homework

When I worked on Wall Street, CNBC played on the TVs around the trading floor. Most of the traders were gone by 5:30 pm,...

Wall Street Profiles: Raj Rajaratnam, Galleon Group

In this fourth installment of my Wall Street Profiles series, I profile Raj Rajaratnam, the billionaire hedge fund manager at Galleon Group who was...