Interview with Michael Bigger, trader & author

Trader and author/blogger, Michael Bigger of Bigger Capital offers his thoughts on "trading recipes" and collaborative communities in this interview for The Trading Elite website.

Having read some of Michael's posts and thoughts on algorithmic trading and self-publishing, I was interested to hear more about his entrepreneurial trading efforts and building creative collaboration networks.

Here are some key takeaways from the discussion:

Michael talks about getting started in algorithmic trading. Start young, build a simple framework and improve it as you go over time. Start learning & experimenting as early as possible.

Develop some "trading recipes" with your algo experiments. You can learn more over time and try to scale your best trading ideas.

There are creative people who can help you develop programs and teach you more about trading. Michael wants to use the power of the internet to reach out to people and build collaborative trading communities.

Technology available to individuals now in many ways surpasses what Bigger had while trading billions at a large bank 10 years ago.

Wealth in finance will flow increasingly flow to those who are able to interpret info better than others. Filtering info and connecting important ideas & concepts is key for the future.

There is this pool of talented individuals who remain untouched by the teachings, dogma of elite schools. These are the people you want to reach out to and collaborate with.

Blogging, writing ideas down, and communicating with other traders and programmers via Twitter and social media is essential. You never know who you will meet or what will come out of it.

Hard work and long hours are key to Bigger's success, but he views this as worthwhile and just a part of something he loves to do.

Definitely a worthwhile chat. Check out the full interview, I think you'll enjoy it too.

Finance Trends 2019 Mid-Year Markets Review

Email subscribers of the Finance Trends Newsletter receive the first look at new articles and market updates, such as the following piece, sent out to our email list on Sunday (6/14). Hello and welcome, everyone! If you received our last email notice over the July 4th holiday, you'll know that this weekend's newsletter will serve as a mid-year market update and a follow-up to issue #29, " How to Reinvest in a Rising Market ". Ladies and gentlemen, without further ado, let's start the show... Finance Trends Newsletter: Our Mid-Year Market Review When we last spoke, back in February, the U.S. stock market was rallying off its December-January lows. As the S&P 500 and Nasdaq reclaimed their 200 day moving averages in February and March, it became increasingly apparent that a lot of retail investors (and perhaps some institutional investors) were left under-invested while watching this recovery move from the sidelines. The U.S. stock ...

Jesse Livermore: How to Trade in Stocks (1940 Ed. E-book)

If you've been around markets for any length of time, you've probably heard of 20th century supertrader, Jesse Livermore . Today we're highlighting his rare 1940 work, How to Trade in Stocks (ebook, pdf). But first, a brief overview of Livermore's life and trading career (bio from Jesse Livermore's Wikipedia entry). "During his lifetime, Livermore gained and lost several multi-million dollar fortunes. Most notably, he was worth $3 million and $100 million after the 1907 and 1929 market crashes, respectively. He subsequently lost both fortunes. Apart from his success as a securities speculator, Livermore left traders a working philosophy for trading securities that emphasizes increasing the size of one's position as it goes in the right direction and cutting losses quickly. Ironically, Livermore sometimes did not follow his rules strictly. He claimed that lack of adherence to his own rules was the main reason for his losses after making his 1907 and...

How to "Pull the Trigger" on Your Trading Ideas

In our last post, I quoted hedge fund manager, Jim Leitner on the importance of following up on your investment ideas. Today I'd like to follow up and share some thoughts on how you can learn to consistently "pull the trigger" on your best trading setups and investing ideas. In order to help you do that, we'll take from the best and offer up key insights from interviews with top traders and trading psychologists like Alan Farley, Brett Steenbarger, and Doug Hirschhorn . Now before we get to their key insights on overcoming trading anxiety and pulling the trigger on your trading ideas, let's remember what Jim Leitner said in his interview: "Learn to love to listen to people and when you hear something interesting, follow up on it. Don't just think, "Well that's an interesting idea" only to find out a year later that the company you could've bought shares in is now up 500-fold. You never want to say woulda, coulda, shoulda...

Finance Trends Letter

Search This Blog