The best traders.
This section is devoted to describing the success stories of famous traders and the strategies they used. Is it so difficult to succeed in trading? What is needed for this? The main secrets of profitable trading on the stock exchange.
Trader Mark Cook. How one cow changed a farmer's career.
We have all heard repeated calls to never give up, calls to get up from your knees and always move on, without looking back at anything. Unfortunately, in the stock exchange world, almost every trader motivates himself; no profession requires as much motivation as trading.
The cost of a mistake is hundreds, thousands, or even millions of dollars, and before a trader climbs to the top, he will have to fall to the very bottom many times.
Today trader Mark Cook is the most famous figure in the stock exchange world. His fortune and life path cannot but surprise. However, few people know that he initially owes his success to his cow, and of course to luck, which made him what he is.
Mark Cook was born into a family of hereditary farmers; his great-grandfather bought a farm in Ohio, after which it was inherited by his father.
From childhood, Mark saw himself as the successor of this farm, since from an early age he had to help his father in everything. After graduating from school, he entered the Faculty of Agriculture at Ohio University.
Trader John Arnold
In the process of studying the stories of successful traders, a pattern of capital growth with the age of its owner is almost always visible.
It was the large stockbrokers who achieved their success by acquiring a huge amount of knowledge and spending at least 20 years on the stock exchange. Actually, almost every novice trader is guided by this logic, because another year and I will become better.
In fact, experience is a great teacher, but it has very little to do with successful people. For example, the stock exchange genius John Arnold earned his billions by the age of 39, and he became a millionaire long before that.
The biography of John Arnold is an excellent example of how the right chosen path of development at the very beginning can help in the near future.
John Arnold did not go through the hardest school of survival on the stock exchange floor, losing his deposit over and over again, and luck accompanied him throughout his entire career.
Trader Michael Steinhardt. The influence of the criminal world on financial success
If you have become acquainted with the success stories of great investors, then in almost every one you can see a lyrical picture when an unknown boy thinks about his financial well-being and gnaws on the granite of science for the sake of his future.
Hard work and perseverance makes these people successful. Yes, it’s really like everything is in a fairy tale, and you can even believe that you will be in their place if you work hard.
However, behind the soap opera lies much more complex processes that made them what they are. Trader Michael Steinhardt is the greatest trader and investor, and his fortune at this stage exceeds one billion dollars and increases by twenty percent almost every year.
His success is emulated by thousands of traders, but it is his path to becoming a great man that perfectly reflects the dark processes that made him so.
Michael Steinhardt was born on December 7, 1940 in one of the most disadvantaged areas of New York - Brooklyn. When the boy was not yet a year old, his mother abandoned the family and left Michael in the care of his father.
Michael's father was a well-known figure in the criminal world and had connections with such gang leaders as Meyer Lansky and Jim Aiello Three Fingers.
Steve Nison - the legendary trader who changed the stock market
The everyday things that we see and use in the trading process do not seem surprising at the moment. Charts in the form of candles, lines, bars, as well as all the technical indicators down to the trading platform you work through were simply fantastic literally 20-30 years ago.
Just imagine, traders used a simple set of prices in the form of a tape, and the entire construction was reduced to a line chart. Naturally, in such a situation, any know-how in the direction of increasing information content made the trader an impeccable leader in the market.
Steve Nison is the most famous trader, thanks to whom the stock exchange world, and to be more precise, graphical analysis, moved forward.
Steve Nison is the founder of candlestick analysis, and it was thanks to him that it was born.
Yes, every trader can thank Nison for the appearance of a candlestick chart in your trading terminal. However, it was not the charting method itself that made him famous, it was those candlestick patterns and more detailed guides on how to analyze a candlestick chart that brought him such fame.
Edwin Lefebvre
Many traders have gone down in history by managing to amass more than tens of millions of dollars, but their names are forgotten from year to year, since nothing remains of them except a dry biography and statistics of their successes.
In fact, in order to forever write your name in the history of the stock exchange world, it is not enough just to own a fortune, but you need to leave something behind yourself that could give an incentive to other generations.
For example, Edwin Lefevre is familiar to almost any professional, since the book he wrote is on the list of must-reads for every person who wants to become a speculator.
Edwin Lefevre showed the stock exchange world from a completely different angle, pointing out all the nuances and subtleties of the profession. His merits are an order of magnitude higher than those of many multimillionaires, and his life path can become an excellent example for millions of future traders to follow.
Edwin Lefevre was born on January 23, 1871 in the Colombian town of Colon, which is currently under Panamanian jurisdiction. Edwin's family was very wealthy, since his father was the general agent of the Pacific Shipping Company, which provided a comfortable life for him and his mother.
Trader William O'Neill
Trader William O'Neill went down in trading history as one of the most successful investors who developed his own approach to stock selection and published it at the same time.
This approach has been repeatedly analyzed by various financial institutions and recognized as the most effective and efficient method of selecting stocks for investment.
The book he wrote educated more than one generation of investors, and unlike other writers, William O'Neill in his book emphasized the practice and facts of his strategy, and not demagoguery.
O'Neal is one of the most successful traders and investors on the planet, but due to his lack of love for fame and reluctance to go on various TV shows dedicated to investing, quite a few people know his name.
The future investment guru was born during the difficult period of the Great Depression, namely on March 25, 1933 in the largest city in the state of Oklahoma, Oklahoma City. After his parents moved, William O'Neill spent his childhood in Texas.
Trader Philip Fisher
If you delve into the success stories of various personalities, then everyone can learn certain lessons for themselves, thanks to which you can avoid stepping on the same rake as your idol.
However, there is a certain cliché in studying the success stories of contemporaries. Thus, almost all traders have at least an excellent education at Harvard or the University of California, on the basis of which they received high positions in already well-known top companies.
However, if you look at the stories of the pioneers, or at least fifty years ago, you can see truly powerful traders who managed to make money from almost nothing, leaving behind huge mega corporations and excellent training manuals.
Trader Philip Fisher is a pioneer in stock market investing. Philip Fisher created a kind of investment philosophy, showed the whole world, through his books, how to select stocks, how to evaluate them correctly, and created the so-called auditory method of selecting companies.
James Harris Simons
James Harris Simons is rightfully the smartest billionaire, since he earned his billions with the help of science.
An outstanding mathematician and scientific philanthropist proved to the whole world that mathematical models make it possible to predict any financial markets.
And the investment company Renaissance Technologies, founded by him, has been showing high returns for more than 20 years, outpacing outstanding market tycoons George Soros and Warren Buffet.
James Harris Simons is truly a brilliant person who was able to go down in history not only thanks to his place of honor on the Forbes list, but thanks to the active development of mathematics, physics, and medicine.
James Harris Simons is at the same time the most secretive head of a hedge fund, but still he could not hide some facts from his biography from the gaze of journalists.
Trader Yasuo Hamanaka
Studying various biographies of famous people, and especially traders, allows many beginners to learn very valuable lessons, avoid mistakes that affected their idols, and also gain a sufficient level of motivation in order to continue on their own path.
However, studying the autobiographies of not only the so-called “Fairy-Tale Heroes” but also the stories of the greatest losers or, as they also like to call them, “Anti-Heroes,” is of great benefit.
Few people think about it, but almost all the major upheavals in the financial markets were provoked by truly brilliant traders, who have long been considered role models.
Studying the biographies of such individuals, you understand how thin the line is between success and failure.
Trader Yasuo Hamanaka was called the “Copper King” for a very long time, and his style of asset management, ability to skillfully predict changes in the price of copper and extract stunning profits for his company made him a role model for thousands of novice traders.
Jack Schwager
You can freely download dozens of different educational books on futures trading or the foreign exchange market online.
However, starting to study them, you understand that behind the text there is a dry theory that is difficult to apply in practice.
The fact is that in most cases, books are written by excellent theorists who may know everything about everything, but have not achieved success in practice.
Yes, almost always books are written by people far from the stock exchange, but not by traders.
Naturally, the text written by the teacher has a very excellent appearance, is easy to read, but in practice it has practically no benefit. However, if you happen to read a book by a real trader, you will forever remember its contents and absorb the lesson and life wisdom that the stock exchange player himself possesses.
Bruce Kovner
Bruce Kovner is an accomplished trader who has earned more than $2.5 billion by trading the foreign exchange market and futures.
Yes, Bruce Kovner became a living example of successful traders who conquered not only the stock exchange, but also the Forex market.
The most interesting thing is that he was not a specialist in economics and moved to stock trading from a completely different profession, or more precisely from the position of a teacher.
The desire for self-realization and a lot of work made Bruce what he is now, and his story of success and the hard path of self-improvement has become an excellent example for novice traders.
Bruce was born in New York in 1945. Kovner has Russian roots, since his grandfather could have been arrested for political views, the family had to flee to the United States.