A stock operator's thoughts and ideas about market principles
Stock Trader and
Economy Student
J.P. Janssen's website.The purpose of the site is to discuss ideas and principles about markets. More |
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Sections Empirical Tests Market Models Cycles Practical Trading Mathematical Psychology Biology Philosophy Personal Development The Importance of ... Poetry Global Warming Complete Archive |
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The Special Sections Relative Sizes Quotes The Domino Effect |
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Recommended Books The Edu. of a Speculator 
Practical Speculation 
The Black Swan 
Fooled by Randomness 
Market Wizards 
Reminis. of a Stock Operator 
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Recommended Websites Daily Speculations Science Daily CIA World Factbook Project Gutenberg LibriVox |
The purpose of this site
How do markets work? Why do prices fluctuate? Which factors determine prices?
As a relatively young trader (only five years of experience), and by nature curious and truth-seeking, I am devoted in trying to understand the fundamental market principles. By posting some of my thoughts here, I will hopefully get feedback pushing my skills to the next level.
Inspirations from nature, daily life, games, or just about anything can be used to explain market phenomena, and I'll write a weekly article.
About me
I am a stock trader; mostly short term and have evolved into a swing trader. In addition to this I am a business economics student.
When I was eighteen - in February 2003 - I made my first investment in stocks. At that time many avoided the stock market as the entire economy looked really bad, still suffering after 9/11, corporate scandals and the dot.com era. However I made up my own mind and invested. I hit the rock bottom, but in retrospect it was beginner's luck. The thing I'm proud of is that I made up an independent opinion and didn't let other people's pessimism or the media affect me.
Soon I started to ponder over market principles, and got interested in getting answers to the many questions that arose. Books were somewhat helpful, but they didn't give real answers (in contrast to the theories describing physics, chemistry etc). The fascinating aspect of markets is the competitive nature - where it's man against man - rather than man against nature as in nature science.
During the summer of 2006 I was so fortunate to intern for Victor Niederhoffer’s hedge fund. There I learned a lot about statistics and the use of computer testing, which greatly improved my approach to the market.
The competitive nature of markets, the self-control needed to succeed, the possibility in reaching my ambitions, and the curiosity in trying to understand the mechanisms of pricing, all add up into making me a trader.
I'm currently only trading my own money, but when I graduate from Business School I'll pursue a career in money management.
