Posts: 780 since Apr 2016
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I very much agree that the retail trading space seems to be caught in the past. New Concepts in Technical Trading Systems by Wilder is 43 years old now. Mind Over Markets by Dalton is 31 years old. Why are we still relying on such outdated information?
Meanwhile there's this entire other world of empirical scholarly research that retail traders completely ignore. How many retail traders talk about Almgren & Chriss' Dec 2000 paper "Optimal Execution Of Large Portfolio Transactions"? Almgren-Chriss drove a huge paradigm shift in how large institutions execute, and most retail traders don't know a thing about it.
But even Almgren-Chriss is 20 year's old. For more recent research my current favorite is Jean-Phillpe Bouchaud. With Bouchaud we get answers to questions that have been plaguing markets for hundreds of years. Many will dismiss such research because it's too hard to understand and doesn't provide direct entry strategies. However, this research answers key questions that can direct your own research, and help you dig in the right spot.
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