On Market Making, Beautiful Models, and the Mess of Reality There is a particular kind of confidence that comes from solving equations on a whiteboard. It is clean. It is elegant. The variables behave themselves. The assumptions hold. And then someone walks onto a trading floor, tries to apply what they learned, and watches reality […]
The Ivory Tower vs. The Trading Floor: Why Theory Fails in Practice Read More »
Every market generates its own folklore. Stories about indicators that supposedly crack the code, ratios that reveal hidden truths, formulas that turn chaos into clarity. Most of these stories are generous with promise and stingy with results. The put call ratio, though, is one of the few that actually delivers something worth paying attention to.
Put Call Ratio 101: From Market Noise to Tradeable Signal Read More »
Your brain doesn’t care about your retirement account. It cares about what happened in the last three seconds. This fundamental mismatch explains why millions of rational, educated people with good jobs and solid futures find themselves refreshing their trading apps at 2 AM, watching a stock that represents 0.3% of their portfolio move by pennies.
Dopamine vs. Dividends: The Neurological Reason You Can’t Stop Day Trading Read More »