Trader and Analyst Kenneth J. Tower
Today, there are many types of technical analysis, ranging from the use of popular reversal patterns and indicators, to fractal and volumetric market analysis.
A lot of books have been written about each type of analysis, but few of them provide practical rather than superficial information. Kenneth J.
Tower became famous all over the world for lifting the curtain on one of the most complex and unique chart analyzes - tic-tac-toe. Kenneth J.
Tower is the co-author of many books on technical analysis, and is a private guest on such American channels as CNN, Fox and many others, where he regularly shares the market situation and provides his forecasts.
Kenneth J. Tower regularly conducts training seminars all over the world, and his students have been able to achieve unprecedented heights after learning tic-tac-toe charts.
Kenneth J. Tower fell in love with the world of the stock exchange as a child. When Kenneth J. Tower finished sixth grade, his parents gave him five shares of a small oil refining company, where, according to one version of bibliographers, his father worked.
The young man daily monitored the price of his shares, which either fell in price or, on the contrary, grew. The parents’ gift completely predetermined the choice of future path in terms of education and career path.
After graduation, Tower's choice fell on Lehigh University, where he successfully entered the finance department. According to his own memories
For Kenneth J. Tower, most of the time attending lectures was a waste of time because he felt he was being taught something that was not practical. The most interesting thing is that he became a technical trader despite the opinion of his professor.
So, during one of the lectures, which was devoted to forecasting, the professor made a huge emphasis on fundamental analysis, and when the chapter of the textbook came to technical analysis, the professor stopped and criticized it as ineffective.
Since Kenneth considered the professor a fool, and all his information was useless, he fundamentally studied the chapter on technical analysis.
Since the future guru was very interested in investment activities, he became a member of the Lehigh Investment Club, but eventually left it due to its uselessness.
Trader career
After graduating from university, Kenneth J. Tower joined the firm Delafield, Harvey, Tabell, which was engaged in institutional research of financial markets and investor asset management.
Since the company was very small, many responsibilities fell on the shoulders of the trader, ranging from the banal selling of his ideas to clients, to deep market analysis and personal trading.
When he started working, Kenneth only knew the basics of technical analysis, so he is simultaneously taught the strategy used in the company.
So, his boss Tony Tabell was a hereditary trader, since his father was an active technician in the pit, and his grandfather was a stock trader.
Knowledge of analyzing tic-tac-toe charts was inherited, so Kenneth simply could not help but gain knowledge that was actively put into practice in the company.
After the sale of the company to US Trust, Tony Tabell was fired and Kenneth J. Tower was appointed as the company's chief technical officer.
However, the new owners were not very fond of technical analysis, so the company had to say goodbye to technical analysis for a while. After Charles Schwab bought out US Trust in 2002, Kenneth J.
Tower moves to CyberTrader, taking on the main technical position. After he switched to CyberTrader, the whole world learned about him, so he began traveling around the country with seminars and training novice traders.
Kenneth J. Tower believed that stock trading is a common human skill, so anyone can learn to trade on the stock exchange.
As an example, he cites learning to drive a car, mentioning that anyone who wants can learn to drive, which in fact can be done by learning to trade profitably.
Of course, some natural characteristics may allow you to achieve better results than others (for example, a car enthusiast and a racer), but in general, even if not millions, everyone can make money on the stock exchange!