Trader Digest is our handy round-up of the best reading, audio and video content tailored to the interests of traders and those closely watching the markets...
Updates on the coronavirus are still dominating the headlines, with speculation that China could be leading a global recession sparked by this aggressive virus.
So we've been swotting up on the best ways to avoid sinking into the financial abyss, as well as reminding ourselves of what happens when shit hits the fan, from WeWork to Barings Bank (read more about this in This Week in Trading History).
WHAT WE'RE READING
China Car Sales Slump 92% in First Half of February on Virus
"China car sales plunged 92% during the first two weeks of February as the coronavirus outbreak kept buyers away from showrooms." Bloomberg
The Man Who Solved the Market
"The unbelievable story of a secretive mathematician who pioneered the era of the algorithm–and made $23 billion doing it." Gregory Zuckerman/Random House
Systematic Trading: A unique new method for designing trading and investing systems
"Nearly all humans make poor financial decisions, because of flaws deep within our minds. The answer is to fully or partly systematise your trading and investing. Creating a trading system removes all the emotion and makes it easier to commit to a consistent strategy which is more likely to be profitable. This is not just another book with yet another trading system. This is a complete guide to developing your own systems to make trading and investing decisions. Robert Carver/Harriman House
When “commission-free trading” isn’t (really) free
"Well it turns out that this commission-free trading lark isn’t a source of profit for Trading 212 (or anyone else, for that matter). What it is, however, is a very effective bait-and-switch strategy: it lures customers in and then shifts them to financial products that do generate money." Financial Times
U.S. stock futures sink on growing concern of outbreak’s economic impact
"U.S. stock market futures sank Monday as the spread of coronavirus raised worries that global economic growth could take a hit." Marketwatch
WHAT WE'RE LISTENING TO
WeCrashed: The Rise and Fall of WeWork
"The founder of WeWork thought he was on the brink of making history. The company was valued at $47 billion dollars, it was ready for a huge IPO, and its charismatic CEO Adam Neumann thought it was going to change the world. Adam had a prophet-like vision for WeWork that he sold to some of the world’s savviest investors — but did his vision ever match the company’s reality?" Wondery
WHAT WE'RE WATCHING
"This drama, based on a true story, follows Nick Leeson (Ewan McGregor), a young British man working at Barings, a major invest bank. Sent to Singapore and place in a position of authority at the bank’s branch there, Leeson takes advantage of the thriving Asian market to make risky trades."