Download dailiyincometargetsJan2008.pdf

Contents : PROFESSIONAL TRADER DAILY INCOME TARGETS Peter R. Locke and Steven C. Mann Department of Finance M. J. Neeley School of Business TCU We provide evidence supporting daily income targeting in the proprietary trading of professional traders. Consistent with prior evidence we find increased trading effort and risk taking by traders following morning losses. Further analysis provides no evidence of a deterioration in trading performance subsequent to losses as neither risk adjusted performance nor tr...[more]

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Verified : 2012-01-14
Source: www.fma.org

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