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Trading secret

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We now show that both forward values satisfy the following forward partial differential equation (pde): We use a pure discount bond maturing at T as the numeraire In contrast to Black (1976) backward pde, or a single result. First, it gives added emphasis, or weight, to recent figures in preference to older figures.

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My 8000 investment would now be worth 144,000 (the stock had a 2-for-1 split in November 2014) if I had been able to keep my original shares. In FIG 3 another 19 deals were shown of which the last one was not finished yet so out of a total of 18 trades 5 were wrong and 13 were right.

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