The best traders.
This section describes the success stories of famous traders and the strategies they used. Is it really that difficult to succeed in trading? What does it take? The key secrets of profitable trading.
Trader Thomas Rowe Price
Thomas Rowe Price is the founder of the financial giant T. Rowe Price Associates, which continues to operate successfully even after the death of its creator.
Thomas Rowe Price's company has generated and continues to generate income for millions of investors worldwide, and Price himself has become a role model for thousands of aspiring investors.
It is the life path of an unknown chemist who was able to create a large Hedge fund Without any specialized education, it simply cannot fail to amaze. This article will introduce you to the biography and success story of this remarkable man.
Thomas Rowe Price was born back in 1898 in Glyndon, Maryland. Almost nothing is known about this great man's family and childhood.
The only reliable fact is that the family did not belong to the wealthy class, since his father, being the main breadwinner of the family, worked as a paramedic in one of the surrounding villages.
It was his father who influenced his son's subsequent career choice. After graduating from high school, Thomas chose to study chemistry, so he enrolled at Swarthmore College and graduated with honors.
Trader Gary Smith – Start with One Stock
Gary Smith became a well-known figure in the stock market thanks to his book, "How I Trade and Win in the Stock Market." His biography is radically different from the typical success story, as he fought fate for his right to wealth over the course of 20 years.
Unlike many, he did not seek to create his own hedge fund or large investment company, but his goal was to get rich and be as independent as possible from anyone.
That's why Gary Smith's name isn't found on any list of top asset managers, but he has become an excellent example of self-realization as a private, independent trader.
Love of easy money
Gary Smith knew what he wanted to be from childhood and persistently pursued his goal. His love for easy and quick money began in middle school, when his class went on a field trip.
Trader Mark Cook: How One Cow Changed a Farmer's Career.
We've all heard repeated calls to never give up, to get up off our knees and keep moving forward, without looking back. Unfortunately, in the trading world, almost every trader is self-motivated; 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 reaches the top, he will have to fall to the very bottom many times.
Today, trader Mark Cook is a well-known figure in the stock market. His fortune and life's journey are truly astonishing. However, few know that he initially owes his success to his cow, and, of course, to the luck that made him who 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 to this farm, having had to help his father with everything from an early age. After graduating from high school, he enrolled in the Ohio University School of Agriculture.
Trader John Arnold
When studying the stories of successful traders, one almost always sees a pattern of capital growth with the age of its owner.
It was the major stockbrokers who achieved their success by acquiring a vast wealth of knowledge and spending at least 20 years on the exchange. In fact, almost every beginning trader follows this same logic: after all, another year and I'll be better.
In fact, experience is a great teacher, but it has little to do with successful people. For example, stock market genius John Arnold made his billions by the age of 39, having become a millionaire long before that.
John Arnold's biography is an excellent example of how choosing the right path of development at the very beginning can help in the near future.
John Arnold did not go through the tough school of survival on the stock exchange floor, losing his deposit time and again, but luck accompanied him throughout his career.
Trader Michael Steinhardt: The Influence of the Criminal Underworld on Financial Success
If you've read the success stories of great investors, you'll see a lyrical picture in almost every one of them, of an unknown boy thinking about his financial well-being and honing his skills for the sake of his future.
Backbreaking work and persistence make these people successful. Yes, it really is like a fairy tale, and you might even believe that you'll be in their shoes if you work hard enough.
However, behind the soap opera lies a far more complex process that made them who they are. Trader Michael Steinhardt is a leading trader and investor, with a net worth currently exceeding $1 billion and growing by nearly 20 percent annually.
His success is a role model for thousands of traders, but it is his journey to becoming a great man that perfectly reflects the dark processes that made him that way.
Michael Steinhardt was born on December 7, 1940, in Brooklyn, one of New York City's most disadvantaged neighborhoods. When he was less than a year old, his mother abandoned the family, leaving him 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-Fingered.
Steve Nison – the legendary trader who changed the stock market
The everyday things we see and use in trading don't seem all that surprising today. Charts with candlesticks, lines, and bars, as well as all the technical indicators right down to the trading platform you use, were simply science fiction just 20-30 years ago.
Just imagine: traders used a simple price set in the form of a tape, and all construction was limited to a linear chart. Naturally, in such a situation, any know-how to increase information yield made the trader an undisputed market leader.
Steve Nison is a famous trader, thanks to whom the stock market world, or to be more precise, graphical analysis, moved forward.
Steve Nison is the founder of candlestick analysis, and it was thanks to him that it came into being.
Indeed, every trader can thank Nison for the introduction of candlestick charts to their trading terminals. However, it wasn't the charting method itself that made him famous; it was the candlestick patterns and more detailed guides on candlestick chart analysis that brought him such renown.
Edwin Lefevre
Many traders have made history by amassing tens of millions of dollars, but their names are forgotten year after year, as nothing remains of them except dry biographies and statistics of their successes.
In fact, in order to forever inscribe your name in the history of the stock market, it is not enough to simply own a fortune; you must leave something behind that could provide an incentive for other generations.
For example, Edwin Lefevre is familiar to almost every professional, since the book he wrote is included in the list of required reading for anyone who wants to become a speculator.
Edwin Lefevre presented the world of trading from a completely different perspective, highlighting every nuance and subtlety of the profession. His achievements are an order of magnitude greater than those of many multimillionaires, and his life's journey could serve as an excellent role model for millions of future traders.
Edwin Lefevre was born on January 23, 1871, in the Colombian town of Colon, which is now under Panamanian jurisdiction. Edwin's family was very wealthy, as his father was the general agent for the Pacific Shipping Company, which ensured a comfortable life for him and his mother.
Trader William O'Neil
Trader William O'Neil went down in trading history as one of the most successful investors who developed his own approach to stock selection and published it.
This approach has been repeatedly analyzed by various financial institutions and is recognized as the most effective and efficient method of selecting stocks for investment.
The book he wrote has educated more than one generation of investors, and unlike other writers, William O'Neil in his book focused on the practice and facts of his strategy, rather than on demagoguery.
O'Neil is one of the most successful traders and investors on the planet, but due to his lack of love for fame and reluctance to appear on various television shows dedicated to investing, very few people know his name.
The future investment guru was born during the difficult period of the Great Depression, specifically on March 25, 1933, in Oklahoma City, Oklahoma's largest city. After his parents moved, William O'Neil spent his childhood in Texas.
Trader Philip Fisher
If you delve into the success stories of various individuals, you can learn certain lessons that will help you avoid making the same mistakes as your idol.
However, there's a certain cliché when studying the success stories of contemporaries. Almost all traders have at least an excellent education from Harvard or the University of California, which led to senior positions at established top firms.
However, if you look at the stories of the pioneers, or even fifty years ago, you can see some truly powerful traders who managed to make money from practically nothing, leaving behind huge mega-corporations and excellent teaching aids.
Trader Philip Fisher is a pioneer in stock market investing. He developed a unique investment philosophy, demonstrating to the world through his books how to select stocks, how to value them correctly, and developed the so-called "listening method" for selecting companies.
James Harris Simons
James Harris Simons is rightfully considered the smartest billionaire because he made his billions through science.
An outstanding mathematician and scientific philanthropist proved to the world that mathematical models can predict any financial market.
And the investment company he founded, Renaissance Technologies, has been showing high returns for more than 20 years, outperforming the outstanding market tycoons George Soros and Warren Buffett.
James Harris Simons is a truly brilliant man who was able to go down in history not only thanks to his honorable place on the Forbes list, but also thanks to the active development of mathematics, physics, and medicine.
James Harris Simons is also the most secretive head of a hedge fund, but he still managed to hide some facts from his biography from the scrutiny of journalists.
Trader Yasuo Hamanaka
Studying the biographies of famous people, especially traders, allows many beginners to learn valuable lessons, avoid the mistakes that affected their idols, and gain sufficient motivation to continue on their own path.
However, studying the autobiographies of not only so-called "Fairytale Heroes" but also the stories of the greatest losers, or as they are often called, "Antiheroes," is incredibly beneficial.
Few realize it, but virtually all the major upheavals in financial markets were triggered by truly brilliant traders who were long considered role models.
Studying the biographies of such individuals, you realize how fine the line between success and failure is.
Trader Yasuo Hamanaka was long called the "Copper King," and his asset management style, skillful prediction of copper price movements, and ability to extract staggering profits for his company made him a role model for thousands of aspiring traders.
