オニール: 「割高」は空売りの根拠にならない
Valuation describes a level; the short side requires timing. Nothing obliges an expensive stock to converge on your estimate of fair, and demand can…
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Market: sp500
ラリー・ウィリアムズ: 教訓は、損失の中にある
Wins are ambiguous feedback. A strong tape rewards a sloppy process about as readily as a sound one, so a profitable month tells you what happened…
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リバモア: 正しいことと、報われることは違う
Livermore separates two things traders routinely merge. The read was correct and the instrument was appropriate; the execution undid both, because he…
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ニコラス・ダーバス: 株は風船ではなく磁石のように動く
This observation is the premise underneath every trend technique, and it is worth stating plainly because it usually goes assumed. If direction were…
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ギル・モラレス: 空売りを特徴づける非対称性
Morales states the arithmetic plainly. A long has a floor: the worst outcome is that it goes to zero and the loss is bounded by what you committed. A…
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