Interactive Brokers New Account Creation Guidelines
How to Create a New Account You should have received an email titled “Advisor Client Invitation” from Interactive Brokers. Click the link...
Blog
We publish our investor letters and other thoughts here.
Richard Sun
- Sep 13
- 4 min
Interactive Brokers 101
Table of Contents Intro to Interactive Brokers (IBKR) Intro to IBKR Client Portal Intro to IBKR Mobile App IBRK Help and Support Intro to...
150
Richard Sun
- Sep 2
- 1 min
August 2022 Investor Letter: The Markets Search for Direction
August was another volatile month in the markets. The markets initially rallied on expectations for a more dovish Fed. However, this...
30
Richard Sun
- Aug 1
- 2 min
July 2022 Investor Letter: Much Needed Relief
The markets experienced some much needed relief in July as all major indices posted their best month of 2022. Although still in a bear...
110
Richard Sun
- Jul 5
- 2 min
June 2022 Investor Letter: A Bear Wakes from Hibernation
June was another tumultuous month in the markets, with the S&P 500 officially entering bear market territory. The S&P 500 was down 8.4%...
20
Richard Sun
- Jun 7
- 3 min
3 Reasons Why There Has Been a Paradigm Shift in the Markets
In this piece, I will discuss three reasons why there has been a paradigm shift in the markets. I want to preface by saying I am not...
60
Richard Sun
- Jun 1
- 2 min
May 2022 Investor Letter: More of the Same
May was another volatile month, with the S&P 500, Dow, and Nasdaq all bottoming on May 20th. The S&P 500 hit bear market territory in...
80
Richard Sun
- May 30
- 13 min
Machine Learning for Stock Trading, Part 2: Data Processing
A framework for exploratory data analysis, feature engineering, and target variable creation Introduction In this series, I will break...
170
Richard Sun
- May 24
- 7 min
Machine Learning for Stock Trading, Part 1: Data Acquisition
A framework for acquiring financial time series data Introduction In this series, I will break down complex Machine Learning (ML) and...
90
Richard Sun
- May 23
- 5 min
Shorting Selling: Make Money by Betting Against a Stock
Short selling, or shorting, is a method that experienced investors can use to profit on the decline of a stock's price. Shorting is the...
20
Richard Sun
- May 20
- 5 min
LUNA to the Moon? A Simple Explanation of Terra’s Extraordinary Crash
How did UST crash and tank the entire crypto market? What do Venezuela and Terra have in common? Well, it turns out that printing money...
190
Richard Sun
- May 5
- 2 min
Drawdown: Understanding Peak to Trough Declines in a Portfolio
A drawdown is defined as a peak to trough decline in a stock, fund, or portfolio. For example, if you have a portfolio worth $100,000,...
140
Richard Sun
- May 4
- 3 min
Passive vs Active Management: Merits and Considerations
Passive management and active management are the two prevailing types of investment management. Passive management primarily tracks an...
80
Richard Sun
- May 3
- 3 min
Efficient Market Hypothesis (EMH): Are Markets Really Efficient?
The Efficient Market Hypothesis (EMH) posits that the market is efficient, and, therefore, cannot be consistently beaten because share...
80
Richard Sun
- May 2
- 2 min
Sharpe Ratio: Risk-Adjusted Returns Tell a Different Story than Absolute Returns
The Sharpe ratio, developed by Nobel laureate William F. Sharpe, quantifies the return of an investment relative to its risk. The ratio...
80
Richard Sun
- May 1
- 2 min
Volatility (Standard Deviation): Why Should You Care?
Volatility is a statistical measure of the dispersion of returns for a given security, index, or fund. In general, higher volatility...
90
Richard Sun
- May 1
- 2 min
April 2022 Investor Letter: The Fed vs Inflation
During April, the Eta strategy lost 5.1%, significantly outperforming the S&P 500, which lost 8.8%. Our average exposure was 40%, showing...
110
Richard Sun
- Apr 30
- 3 min
Alpha: The Holy Grail of Investing
Alpha, also known as the "holy grail" of investing, is a term used to describe an investment strategy’s ability to beat the market...
100
Richard Sun
- Apr 29
- 3 min
R-Squared (R2): How Closely Can Performance Be Explained by a Benchmark?
R-squared (R2) is a statistical measure that represents the proportion of the variance of a dependent variable that is explained by one...
100
Richard Sun
- Apr 28
- 2 min
Beta: How to Quantify Systematic Risk
Beta can be calculated for individual securities and also entire portfolios. For the first part of this post, we will discuss beta in the...
140