Currently in marking hell. For your delectation, and my amusement as a brief respite from my torment, here are the N types of student citation:

(Any of my students reading this, give yourself a point if you can identify yourself) 1/ The suckup. Cites the lecturers work, even when it's superflous or irrelevant. Often gets the year and titles wrong, which is dumb considering they are the only references the lecturer will actually know by heart.

1/ Interesting from @FTAlphaville and @RobinWigg
ft.com/content/e2b0c0… but I note the classic 'Law of Active Management (LAM) Day Trading Fallacy' quoted at the end... 2/ "If I have monthly options, I get 12 independent bets per year. If I have weekly I get 52 bets per year. Daily gives me 252. If you’re generating trading strategies, the ability to have more ‘at bats’ and more diversification by taking more independent trades can be useful,”

Been quite a bit of discussion about my chat with @moritzseibert on @TopTradersLive toptradersunplugged.com/115-the-system… I don't think I did a very good job of explaining myself. Essentially what I was saying was that, IMHO, *your position's profitability shouldn't affect your trading decision"

Quick thread on a very common but very stupid thing to do: Adding to profitable positions, because you're now betting with "house money". 1/ For example, you put 1% of your capital at risk on a trade using an appropriately sized stop loss. You get lucky and end up making 3% of your capital. This means you can increase your risk on the open position to 3% of your capital, all of which is 'house money'.

Here's my take on the government A level and GCSE fiasco. I should disclose that (a) I have an interest in this, with two children who have just got GCSE results and (b) I'm by no means an expert in this specific field, but with experience in other uses of statistical modelling. 1/ In chronological order, the decision to hastily and immediately abandon the exams was in retrospect an error. It is also curious in a country which compared to it's peers tests children more frequently, and attaches more importance to those tests, than most of it's peers.

My take on the COVID-CODE review scandal (here lockdownsceptics.org/code-review-of… and reported telegraph.co.uk/news/2020/05/1… amongst other places) There is also a good thread on linkedin on this subject (not an oxymoron!) linkedin.com/feed/update/ur…)

Thread on which futures contract to trade, seems relevant given what just happened in Oil. 1 Don't trade the front unless you have to! There are several reasons for this:

As some of you may know my portfolio consists of (i) automated futures trading, (ii) UK stock portfolio long only mechanical value, price based stop, (iii) long only diversified ETF mechanical momentum at asset class level, dividend yield within asset class (cf Smart Portfolios) The futures is doing it's thing, and is down around 2% over the week. Would be nice to be up, but the 'shock and awe' of this drop didn't give positions time to flip sign on the reversal of momentum.

By popular demand here are more detailed pics of the books on my newly organised shelves
Finance paperbacks 1/2 Finance paperbacks 2/2