The information on this site is not directed at residents of the United States, Belgium, New Zealand, and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Often the event itself contains no new information, it is simply the passing of the event (and thus the elimination of gap risk) that allows the move that should have happened earlier to happen now. Humans are built to conform: fight this instinct and make confident, independent judgments while staying humble at the same time. On the other hand, this preference for longshots can sometimes lead to bad trades with good optics (like those 5% one-touches that are always so hard to resist). Professionals who self-evaluate, set specific goals, and create clear action plans outperform those who do not.

In 2002, World of Books Group was founded on an ethos to do good, protect the planet and support charities by enabling more goods to be reused. Market conditions should be the primary determinant of when and how much you trade, but a maximum trades figure anchors you around the appropriate level of activity. You will have the opportunity to further establish your track record and exhibit your virtual trading prowess in Phase 2, without any time constraints where you must trade to reach a virtual profit target of 5% to complete the assessments, we then certify you as an official alpha prop virtual trader. With the knowledge that these facets of conscientiousness are major predictors of life success, think about how you can improve in one or more of these areas. I think every human being should read that book, even if they don’t care about statistics or finance.

After the successful completion of Alpha Prop Phase 1 and 2 assestments, you will be ready to become a Virtual ACG Analyst. tactics, microstructure, market narrative, technical analysis, sentiment, positioning and systematic risk management.

The more time you spend in markets, the more you realise that it isn’t as easy as the dream of just drawing lines on a chart and trading around those. My highest conviction trades generally have multiple inputs, but they always start with fundamentals or microstructure and then get refined, streamlined (or filtered out) by other factors. Important: An independent thinker is not someone who is contrarian all the time, disagrees with everyone, or loves playing devil’s advocate. A bunch of regulatory rules in the equity markets had changed recently: no mark-to-market, changes to shorting and so on.

There is just one trait that changes significantly over the lifetime of an average person: conscientiousness. The game is constantly changing and the rules, mechanics, and probabilities are difficult to observe and forever in flux. You will be surprised by how quickly the sequence of faulty forecasts will deliver you to a useful result.

Alpha Trader is not a behavioral economics textbook and it is not a boring, theoretical deep dive into trading psychology. The healthy skeptic understands that most knowledge is uncertain to some degree and looks to support statements with evidence. So the run-up trade ahead of an event will often be driven by speculators putting on lotto tickets beforehand. I prefer to read analysts who are flexible because those who constantly stick to the same view tend to be locked in and plagued by confirmation bias.

The idea behind the run-up trade is to identify an upcoming market event and then estimate what traders will do before the event.