“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

• Corder Makes New Scientific Case for Red Wine’s Healthy Effects
  (tags: wine health resveratrol)
• Meteorite Crash in Peru Causes Mysterious Illness
  (tags: space)
• Baseball Stats, Graphs, Analysis | Fan Graphs
  (tags: graphs sports statistics baseball)
• Fund Management: The Glamourous Life : Teresa Lo | PowerSwings.com
  (tags: trading stocks hedgefunds)
• Nanoscale computer memory retrieves data 1,000 times faster
  (tags: computing nanotech futures toread)
• Brain’s messengers could be regulated, researchers find
  (tags: brain neuroscience futures toread)
• Are dark matter and inflation one and the same? - space - 14 September 2007 - New Scientist Space
  (tags: physics space toread)
• Unified Process - Wikipedia, the free encyclopedia
  (tags: development programming wikipedia)
• ChessBase.com - A Son, a Father, and the World’s Most Dangerous Game
  (tags: chess books toread)
• The Associated Press: Reports Says Organized Crime Top Problem
  (tags: economics corruption money)
• YouTube - Bob Dylan (Time Magazine Interview)
  greatest songwriter of the 20th century, but also kind of an arrogant a-hole
  (tags: Dylan music video)
• Flickr: ATLMike’s photos tagged with ghanastockexchange
  ghana stock exchange
  (tags: africa stocks)
• Damn Interesting » On the Origin of Circuits
  Similarly, poorly defined criteria might allow a self-adapting system to explore dangerous options in its single-minded thrust towards efficiency, placing human lives in peril.
  (tags: AI singularity Technology futures)
• time=money (pic)
  (tags: comic humor money)

I love working with my trading journal and organizing all of the data in different ways to see if anything makes sense. Here is an interesting chart of profit/loss by stock symbol for my trades so far in September:

If anything, I guess this tells me to pay more attention and trade more BIDU and to stay away from NVDA.

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

So I read Timothy Sykes new book, “An American Hedge Fund,” about his rise into the hedge fund world. I thought it was interesting - a pretty quick read. The thing I liked most about it is that he is honest about his mistakes. He seems like a pretty cool guy.
When he sent me the book, he included a nice handwritten letter about how uglychart.com has helped him. I guess he hasn’t been trading much recently - he is focusing more on his media presence. Here’s an interesting video of him having drinks and looking over charts with Andy Swan.

When I used to play chess with the hustlers in Washington Square Park, Russian Paul was the strongest regular player. He was an International Master. I played him a couple of times and he always beat me.
According to this New York Times article, it looks like he has moved up to Union Square Park.

Another hustler, whose first name is Kenny and whose street name is Little Daddy (he is 5 feet 3 inches tall), said he could always tell how good his opponent was in the first couple of moves. For example, he said, if someone moves quickly but fumbles the pieces, or uses one hand to move the pieces and the other to hit the clock, which is against the normal rules of speed chess, then the person is not experienced.

This is good to know - next time I play them for money I will move a piece with one hand and hit the clock with the other.

“You make the games close,” he said. “You don’t want to crush them. You want to leave their ego intact, because you want to keep them coming back.”

Yeah I saw them play with people like this many times. They pretend that it was a close, exciting game - when it really was always in complete control of the hustler.
From the sounds of the article it seems that the hustlers have moved to Union Square. The last time I was in NYC, I remember thinking that the chess scene in Washington Square Park had become pretty seedy. I wonder if they moved uptown to Union Square because of that. Nobody played chess in Union Square when I lived there. I’ll have to check it out when I visit in a few weeks.