Making Better Decisions

Last September, I gave a webinar to Macro Ops Collective members about my health habits and wellness practices. It’s an important topic because sloppy life practices away from the trading screens affect trading results way more than most people realize. Most of the questions and feedback I received from that video were about building trading […]

The Chandler Brothers: The Greatest Investors You’ve Never Heard of

Two secretive brothers from New Zealand have perhaps THE best long-term track record in the investing world. Starting in 1986, the two turned $10 million of family money into over $5 billion just 20-years later. That’s an astounding 36% CAGR. Compare that with Buffett (19% over 50yrs), Klarman (20% over 34yrs), Lynch (29% over 13yrs), […]

My Notes on the Druckenmiller Real Vision Interview

Alex here. The Druckenmiller Real Vision interview is well worth the watch if you have a subscription and 90 minutes to spare. And if you don’t, you’re in luck because I’m sharing with you my notes along with some of my thoughts on what the GOAT said. Let’s begin… The start of the interview was […]

The Psychology Behind Managing A 20 Bagger…

What do you do with a massively profitable trade that has grown to become a large percentage of your total portfolio value? This question has been circulating in the Macro Ops Collective chat room the last few weeks because one of our deep out of the money (DOTM) calls took off in a big way. […]

How To Implement Cheap Black Swan Protection

The following is a guest post from Kim Klaiman, full time options trader and founder of steadyoptions.com. Introduction The earnings season provides a lot of opportunities for active options traders. Some traders like to play earnings with directional bets, buying straight calls or puts. This is a very tough strategy. You have too many factors […]

The Human Trader’s Secret Weapon

Choosing individual stocks without any idea of what you’re looking for is like running through a dynamite factory with a burning match. You may live, but you’re still an idiot. ~ Joel Greenblatt Investing is hard. It’s a game of relative comparisons. We have limited capital and nearly unlimited opportunities to deploy it. Our job […]

The Principle of Bubble Rotation

In the book Business cycles: history, theory and investment reality, the author Lars Tvede talks briefly about a cycle phenomenon he calls The Principle of Bubble Rotation. He writes: There is one further common aspect of all these asset classes. We have seen that business cycles from time to time create monetary environments that are […]

Probabilities Not Predictions

Markets are context dependent, their behavior is a function of the particular circumstances that exist and how those circumstances are expected to or do change. The trick is not to predict an unknowable future, but to try to understand the present and the probabilities of the various paths that may evolve from it. ~ Bill […]

Yield Curve Inversion!? Flattening Yield Curve Explained

The Yield Curve Inversion Secrets! Understanding the Flattening Yield Curve is crucial for any trader or investor! Today we’re going to talk about the yield curve. Recently the financial media has been raving about the yield curve getting closer and closer to inverting and how it’s a signal that a recession is right around the […]

High Quality Trading Is Episodic, Not Continuous

There’s two types of market returns. Alpha and beta. Beta is what you get for diversifying and passively holding the market. Alpha is the opposite. It requires an edge, of which there are three: informational, analytical, and behavioral. And as Ray Dalio says, “Alpha is zero sum. In order to earn more than the market […]