This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared here on ColibriTrader.com. “How I Made $2,000,000 in the Stock Market” or Why a Less Known Trader is Worth Mentioning by: Colibri Trader Talking about successful traders is sometimes boring. Everyone talks about Jesse Livermore or George […]
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This is a Guest Post by Alex @MacroOps which was posted originally here: Lessons From A Trading Great: Ed Thorp and is reposted here with permission. Ed Thorp, the father of quant investing, might be the most impressive market wizard. He turned seemingly random processes into predictable events, transforming the art of speculation into a science
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The following is a Guest Post from Operator Kean via Macro-Ops.com, a member of the Macro Ops Collective. To contact Kean, visit his website here. One of the things that makes George Soros a market legend is his uncanny ability to identify lucrative trading opportunities. Let’s take a look at how he does it. (I) Look
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The following is straight from Operator Kean, a member of the Macro Ops Hub. To contact Kean, visit his website here. The Quantum Group of Funds is one of the most successful hedge funds in history. Built by uber-investor George Soros, it was only recently overtaken by Bridgewater to become number 2 on the list
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This is a Guest Post by Alex @MacroOps which was posted originally at: Lessons From A Trading Great: Amos Hostetter and is reposted here with permission. Amos Hostetter cofounded Commodities Corporation (otherwise known as CC) along with Helmut Weymar back in 1969. CC is the trading shop that produced more legendary trading talent than the Yankees
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This is a Guest Post by Alex @MacroOps which was originally posted here: China’s Mundell-Fleming Trilemma. The following is an excerpt from our weekly Market Brief. If you’re interested in learning more about Market Briefs and the Macro Ops Hub, click here. You’re probably familiar with the story of how Soros and Druckenmiller “broke the Bank
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This is a Guest Post by Alex @MacroOps which was originally posted here Lessons From a Trading Great: Ray Dalio . Ray Dalio is the founder of Bridgewater. Two years ago, Bridgewater surpassed Soros’ Quantum fund for the title of most profitable hedge fund of all time; returning over $46 billion since inception. In your
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This is a Guest Post by Alex @MacroOps which was originally posted HERE. From Jack Schwager’s Market Wizards: October 1987 was a devastating month for most investors as the world stock markets witnessed a collapse that rivaled 1929. That same month, the Tudor Futures Fund, managed by Paul Tudor Jones, registered an incredible 62 percent
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This is a Guest Post by Alex @MacroOps which was originally posted here: Lessons From A Trading Great: Stanley Druckenmiller The “greatest money making machine in history”, a man with “Jim Roger’s analytical ability, George Soros’ trading ability, and the stomach of a riverboat gambler” is how fund manager Scott Bessent describes Stanley Druckenmiller. That’s
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This is a Guest Post by Alex @MacroOps which was originally posted here: Lessons from a Trading Great: Jesse Livermore “Boy Wonder”, “Boy Plunger” and the “Great Bear of Wall St.” are a few of the monikers Jesse Livermore was known by. Livermore was immortalized in the trading classic Reminiscences of a Stock Operator by
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Here are principles from Dana Glante from the Stock Market Wizards book by Jack Schwager on how she made double digit returns year after year from her short only trading strategies even in bull markets. Steve Watson in the same book contributed the last one. 10 RED FLAGS: High receivables (large outstanding billings for goods
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Here are five market participants that are arguably the greatest traders and investors of all time when you look at the size of their wins, how famous they are, the duration of consistent returns, and the magnitude and brilliance of their greatest trades. George Soros gained international notoriety when, in September of 1992, he risked
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This is a Guest Post by Alex @MacroOps which was originally posted at Lessons From a Trading Great: Michael Marcus. Michael Marcus turned $30,000 into $80 million over a 20 year period — not too shabby. He was profiled in Schwager’s original classic Market Wizards, giving one of the more impressive interviews in a book
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This is a Guest Post by Alex @MacroOps this post originally appeared here: Lies, Untruths, and False Trends: George Soros On What Really Moves Markets It is used with permission. George Soros was quoted in a speech he gave to the Committee for Monetary Research and Education back in the early 90’s as follows: Economic
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Survivorship bias, or survival bias, is the logical error of concentrating on the people or things that “survived” some process and inadvertently overlooking those that did not because of their lack of visibility. This can lead to false conclusions in several different ways. – Wikipedia There is survivor bias in looking at trading and investing
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This is a Guest Post by Alex @MacroOps which was originally posted at Lessons from a Trading Great: Bruce Kovner. Bruce Kovner retired in 2011 from Caxton Associates, the hedge fund he founded and ran for 28 years. Over that time the fund returned an average of 21 percent a year since its inception. In comparison,
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“By mid-1978, I had been a security analyst for eight years and it had become intolerable. I knew I had to do something different. I always knew I wanted to work for myself, have no clients, and answer to no one. That, to me, was the ultimate goal.” – Marty Schwartz This is what it’s
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This is a guest post by Jack Schwager author of the “Market Wizard” series of books. On Revisiting The New Market Wizards A Quarter Century Later Recently, I had the opportunity to manage the process of creating an audio version of The New Market Wizards—a task that was previously handled by publishers for the audio
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Here are trading professionals, market wizards and millionaires, that are on Twitter and share trading information with their followers. These are real-deal traders that can add incredible value to your tweet stream. Many of these even appear in some of Jack Schwagers Market Wizard books. I have found great value in following all of these traders.
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Here are the top quotes by Market Wizard and Black Jack Wizard Ed Thorp from the book Market Wizards by Jack Schwager. “I started out by betting $1 on the bad hands and a maximum of $10 on the good hands. It drove them crazy because they were looking to make some big money. I
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