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Trading is Hard

Trading is ugly. Many of us, when we first get into the business, have the idea that the market will eventually be an ATM machine—you can sit down at the screen, do some things, and money will come flowing out. In the very long run… yeah, it sorta works like that....

Do interest rates scare you?

Interest rates are constantly in the headlines. When I talk to traders and investors, interest rates are one of the topics that always come up. There’s a great deal of fear and concern about higher rates and about what that might do to many markets. If...