The concept behind Don’t Talk About Your Stocks is that there is a whole lot more to trading, investing, and money in general than making up some bullshit reasons why you should “BUY! BUY! BUY!” whatever stock is popular on a given day. I cover a wide range of topics and attempt to take an unorthodox look at trading, markets, and money.
I started the site with the goal of providing a live, real-time success story. Over the past few years I have tried many different strategies and approaches, and I’ve failed quite often. Each of those failures has brought me a little bit closer to success. These are some of the most popular topics I have discussed on the site, and they have also been some of the best stepping stones in my personal journey. For that reason, they provide a great place to start exploring the site.
One of the foundational beliefs that DTAYS is built on is the understanding that each trader must explore and experiment with different approaches to markets in order to determine the best method of trading for their own personal skill set. The Market Wizards books provide an excellent reference full of successful traders that use many different and sometimes even opposite approaches to take money out of the markets.
It is interesting to note that despite the differences in trading style, all of these traders place great emphasis on risk management and sticking to their strategies during difficult periods. Reading through each of these interviews was a great help to me in developing my own strategy.
As I read through each of the books, I took the time to write a post about each of the traders profiled. While my posts are certainly no substitute for actually reading the interviews, I believe that they can serve as an excellent review for those who have already read the chapters or a preview for those who are about to read them.
Quantitative Growth Fund
After spending time exploring and experimenting with many different trading strategies, I eventually settled on a systematic approach that I believe does an excellent job of highlighting my own personal strengths, and more importantly guards against my weaknesses. I call this strategy the DTAYS Quantitative Growth Fund.
In order to track the progress of the DTAYS Quantitative Growth Fund, I wrote down all of the rules and began paper trading the strategy. I write a post every weekend updating the progress of the fund and tracking what stocks are entering and exiting.
- The Rules of the DTAYS Quantitative Growth Fund
- The Most Recent Updates for the DTAYS Quantitative Growth Fund
The War of Trading
After developing my own trading strategy, I realized that developing the strategy was actually the easy part. Sticking to that strategy during tough times and maintaining the discipline to run my scans at the right times has proven to be far more difficult than actually placing the trades.
This realization led me to begin writing about how Steven Pressfield’s concept of Resistance applies to trading. I began working through his fantastic book, The War of Art, chapter-by-chapter and applying each of his topics to trading. I believe that this focus on fighting the Resistance is an aspect of trading that is left out of many popular trading books. Anyone can learn how to trade, but actually doing the work is what makes the difference.
The DTAYS Baseball Fund
While I was on vacation in January of 2014, I read a book called Trading Bases by Joe Peta. In that book, Peta builds a “Baseball Hedge Fund” and returns 41% during the 2011 season. This idea combines two of my biggest passions in trading and baseball, and I thought that I might have a decent chance of replicating Peta’s model in my own way.
That is where the DTAYS Baseball Fund began. I started the 2014 baseball season with a hypothetical $10,000 and have been tracking the progress of my systematic baseball betting strategy to see if I can actually turn a profit over the course of the season.
Amazon FBA – Retail Arbitrage
As I was working on starting The DTAYS Baseball Fund, I became really interested in the idea of applying basic Trend Following concepts to different real world situations. Around the same time, I learned about Amazon’s FBA program which allows you to ship items to Amazon’s warehouse and then sell them while letting Amazon take care of collecting the payments and shipping the individual orders.
I began accumulating inventory for my Amazon store through a process known as Retail Arbitrage. I have been buying deeply discounted items at local stores and then attempting to sell them for full price on Amazon. This process has been a very interesting business model, and I have been using numerous trend following principles throughout its evolution.
The DTAYS Podcast
Running this site has allowed me to meet and develop friendships with dozens of incredibly smart and successful traders. In the second half of 2013, I decided to leverage some of these relationships. I have had the opportunity to pick the brains of some of these traders and publish those conversations in the form of a podcast.
Each of the podcast episodes is available on this site, as well as on itunes. I have also recently started editing and publishing transcripts of these interviews.