Lacrosse fall season started last night and I got a note from son’s mom:
Son is best player on field!
Son has worked and practiced hard over the last year, I am proud and happy for him.
I get a second note from mom:
Son signed up for wrong league, playing against kids 2 grade levels down.
Ahh : )
But, lessons learned and all.
Then applying to markets:
What markets can we trade that are 2 grade levels down? Where is easy?
How do we define easy?
What markets trade 2 grade levels up and we should stay away from?
How do we test markets for grade level?
What other ways are there to think of grade level in the markets:
Day of month?
Day of week?
Percent move?
How does a quant practice?
—h