An Invitation to Learn from the Very Best
We will be off on vacation from tomorrow morning returning here on Monday July 13. Over the last few days I’ve been speaking of and about some of the great traders of our time, perhaps of all time. [Note: none of them advertise for your business, hint!]
If you haven’t heard of any of these individuals it’s simply because they have made there fortune and there name trend trading the markets. Not as a commentator, salesman, or promoter on CNBC. Although one of the fabled traders mentioned below is also the owner of the Boston Red Sox. Do you know who it is?
I’ve always been fascinated by the fact that many people will have no compunction signing up for a cooking or similar type of course. At the same time however many of these same people will not attempt to learn from the great masters of our time and before.
Why reinvent the wheel when you can model your behavior after proven excellence. Role modeling can be critical to learning to trade correctly. Why not at least spend some time Googling these individuals find out who they are and why they are so successful. When I return from vacation I will be talking more about these men with members.
- Ed Seykota
- David Harding
- Bill Dunn
- John W. Henry
- Keith Campbell
- Richard Dennis
- Jesse Livermore
I’ll leave you today with a few words of wisdom courtesy of these great traders:
Money management is the true survival key. - Bill Dunn
Men’s expectations manifest in trends – John W. Henry
Here’s the essence of risk management: Risk no more than you can afford to lose, and also risk enough so that a win is meaningful. If there is no such amount, don’t play. Ed Seykota
Our trend-following methods do not pretend to determine the value of what we are trading, nor do they determine what that value ought to be, but they do produce absolute returns fairly consistently. Jim Little, Cambell and Co.
Trading was even more teachable than I imagined. In a strange sort of way it was almost humbling. Richard Dennis
See you on the 13th