Signals and Execution
"We have two ears and one mouth, so that we can listen twice as much as we speak,"
– Epictetus
This chapter will tell you exactly how you should prioritize orders and the reasons behind this. We will look at managing portfolios with relative series, but executing in absolute series. We will deep dive into exits, starting with unprofitable and profitable ones. We will consider the mental hygiene of exits. Then, we will move on to a popular topic: entries and re-entries. We will come up with counterintuitive yet effective low-risk high-reward entry techniques. The entire book has led up to this and the following chapter, so we will be revisiting parts of the book, putting out some code that synthesizes everything we have seen so far, and visualizing the results.
Along the way, we will discuss the following topics:
- Importing libraries
- Timing is money: the importance of timing orders
- Order prioritization...
