Paul Tudor Jones: Black Monday 1987

 

Paul Tudor Jones’ shorting stock index futures on Black Monday was one of the greatest trading days by any trader in history. Paul Tudor Jones correctly predicted on his documentary in 1986 based on chart patterns that the market was on the path to a crash of epic proportions. He profited handsomely from the Black Monday crash of 1987, the largest single-day U.S. stock market decline (by percentage) ever. Jones reportedly tripled his money, making as much as $100 million on that trade as the Dow Jones Industrial Average plunged 22 percent. Another amazing trade to walk away from with a fortune when so many others were ruined in the aftermath. He played it to perfection.

Like many great traders you can not tell he had just made an incredible one day return during this interview with his calm cool demeanor.

https://www.youtube.com/watch?v=YXfUM6H_jeE