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SHARE MARKET = The Top 10 Traders of the World

The Top 10 Traders of the World Share Their Stories and Lessons

Success in trading is not a game of luck but requires years of experience.  We have compiled a list of great tips from the top 10 investors and billionaire masterminds from around the world.

1.  Jesse Livermore

“Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong.”

Livermore is the author of “How to Trade in Stocks.”  In 1929, he was worth more than $100 million, which is almost $1.5 billion to $13 billion, depending on the index you use.  He is still famous in the trading chat rooms for making some of the best stock market trading decisions in the history of US Stock Market.  His fortune swelled to a whopping $100 million after he sold the stocks right before the market crashed in 1929.  His mantra was to play the market only when the factors were favorable.  He was a low-frequency player, who studied and truly understood the pulse of the market and other traders.

2.  Ed Seykota

“In order of importance to me are: (1) the long-term trend, (2) the current chart pattern, and (3) picking a good spot to buy or sell. Those are the three primary components of my trading.”

Seykota converted a meager $5,000 investment into an unbelievable $15,000,000 in his client account.  In the early 70s, he designed and standardized a commercial programmed trading system.  He was the first one to emphasize the price action patterns and chart patterns in the trade market.  Seykota’s success came from an intense focus on patterns.

3.  Richard Dennis

“Trading has taught me not to take the conventional wisdom for granted. What money I made in trading is testimony to the fact that the majority is wrong a lot of the time. The vast majority is wrong even more of the time. I’ve learned that markets, which are often just mad crowds, are often irrational; when emotionally overwrought, they’re almost always wrong.”

Dennis was the “Prince of the Pit,” who made $200 million from $1600 in a decade.  He founded the Turtle Traders, a 21 member group that went on to redefine the idea of traders.  Richard Dennis and William Eckhart appointed 21 average people and taught them the tricks of the trade. They proved to everyone that success is not something you are born with; anyone can succeed with the right training and mentors.

4.  Paul Tudor Jones

“Don’t be a hero.  Don’t have an ego.  Always question yourself and your ability. Don’t ever feel that you are very good.  The second you do, you are dead.”

In 1986, Jones predicted the cataclysmic crash of the US stock market.  As a result, he made as much as $100 million from the 1987 Black Monday crash.  It is one of the largest US stock market decline in a single day.  While hundreds of people suffered from the crash of their fortunes, Tudor Jones walked away with millions in his pockets.  He offers a very realistic piece of advice to all traders—to walk away from an account that is bleeding money.  Sometimes, you’ve just got to cut your losses.

5.  George Soros

“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.”

Soros is the Oracle of the stock market. He invested $10 billion on single currency trade in 1992. His profit on the transaction reached an incredible $2 billion.  He is still the “man, who broke the Bank of England.”  George Soros is a great example of market iconoclasts, who are not afraid to play against the odds, even when the whole world says otherwise.  You’ve just gotta go with your gut.

6.  Jim Rogers

“Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whom have never looked at whether the facts support the received wisdom.”

Jim Rogers co-founded Quantum Fund with George Soros.  He has made his billion-dollar empire patience and calm decision making.  His trading principles are old school.  He does not believe it is crucial for traders to pay attention to the bulk they are trading.  It is alright to trade less than your competitors and wait for the one opportunity of a lifetime.

7.  Stanley Druckenmiller

“I believe that good investors are successful not because of their IQ, but because they have an investing discipline. But, what is more disciplined than a machine? A well-researched machine can make many average investors redundant, leaving behind only the really good human investors with exceptional intuition and skill.”

George Soros hired Druckenmiller in 1988 to take charge of the Quantum Fund from Victor Niederhoffer.  He also made over a billion dollar of profit from shorting British Pound Sterling in 1992.  He teaches the aspiring traders that it is alright to have a few losers in the portfolio.  A true trader always focuses on the overall risk to reward ratio.

8.  John Paulson

“Stock market goes up or down, and you can’t adjust your portfolio based on the whims of the market, so you have to have a strategy in a position and stay true to that strategy and not pay attention to noise that could surround any particular investment.”

John Paulson rose to fame in 2007, when he decided to bet against the mortgage-backed securities.  He made a profit of over $4 billion personally, and that convinced the world that he was one of the greatest traders in history!  Well, he wasn’t wrong.  The simplicity of his trading principle: always buy low and sell high.

9.  Ray Dalio

“I learned that if you work hard and creatively, you can have just about anything you want, but not everything you want.  Maturity is the ability to reject good alternatives in order to pursue even better ones.”

Raymond Ray Dalio is a hedge fund manager, philanthropist, and a billionaire.  He has made the 2018 top 100 world’s richest people list by making the correct investment decision every time.  According to Dalio, young traders lose money because they have “an ego sensitivity.” Trading with emotion often leads to losing trades and terrible investment decisions.

10.  Warren Buffet

“Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can’t produce a baby in one month by getting nine women pregnant.”

There is no top 10 investor billionaire list where Warren Buffet does not feature.  He is the “Oracle of Omaha”—one of the most successful traders of all times.  He has given away $32 billion to charity (99% of his fortune).  Buffet’s empire comes from a trading style which is all about waiting patiently for the right moment.

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https://theutopianlife.com/2018/06/27/the-top-10-traders-of-the-world-share-their-best-stories-lessons-and-quotes/

Market PULSE check by Stock-O-Meter: is back...!!!

heart rate monitor

A heart rate monitor (HRM) is a personal monitoring device that allows one to measure/display heart rate in real-time or record the heart rate for later study. It is largely used to gather heart rate data while performing various types of physical exercise.

for stocksdoctor suggestions... made a performing tool way back in 2009 with "Stock-O-Meter" to my suggestions/stocks possible moves published in my blog

i reviewed the counters at the end of the day with Stock-O-Meter

now planning to do the same but with a different model but the Stock-O-Meter is back.....

I may be right or wrong-"No argument with the ticker- NEVER".

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old posts...for stock-o-meter purpose..

Tuesday, April 28, 2009

SWINE FLU CATCH......

The markets could have little support to hold above the 3450 level due to global meltdown and due to the Expiry on Wednesday. The Infras felt the heat and the banking bowed to the bear pressure.

Market PULSE check by Stock-O-Meter:

The Following scrips covered in my previous posting:

The high, low, closings of 28-04-08:

Nifty 3471.95 3351.50 3362.35
ICICIBANK 470 433.05 439.05
RIL 1792 1731 1737.15
REL infra 723.90 654 661.55
Rel Cap 544.70 487.75 492.80
T.steel 257.4 232 234.35
SAIL 113.40 106.50 107.60
BHARTI 749.9 713 724.35

The high, low, closings of 27-04-08(Yesterday):Nifty 3517.25 3435.30 3470.
ICICIBANK 477.95 411.10 467.55
RIL 1807 1761 1785.55
REL infra 1751.50 701.35 1710.85
Rel Cap 568 526.30 532.05
T.Steel 268.50 251.05 253.75
SAIL 115.70 110.10 111.90
BHARTI 756.40 730.20 743.65

I may be right or wrong-“No argument with the ticker-NEVER”

monday, april 27, 2009

STRESSED…..

The order of the day now opening with stressed accounts and the amount related will hit the head lines as the markets are likely to witness the results and reveals from the Indian banking sector. The aggressive private sector bank ICICi has announced its numbers far below than the street expectations. The NII and the NIM are both are positive but the provisions are huge that resulting a drop of more than 35% in net profits. The stock which faced resistance at 439 level may become weak below 430, the bears run as the stock falls below 415…, 403….and the earlier supports at 495-90 may not hold as the support is expected first at 378-81 level and at 357-53 level. The stock is technically in Bulls grip. The Bulls lighten their positions in the counter when it trades below 321 level and the Bears take advantage below 315 levels.
The Asian markets are mixed and the SGX nifty suggests 40 points loss with negative bias. The Nifty is in Bull grip so long it trades above 4221-23 level, major support is at 4361-63 level but the resistance is expected at 3509-3524 level. The markets may get support at 3350 level as the upward momentum was in place. As the markets has risen in the last two trading sessions, the fall in prices still keel them in bulls grip.
The RIL could cross the immediate resistance at 1735-39 level and touched a high of 1802. Today it may face resistance at 1809-11 but gains upward momentum above 1821 level. The stock will become weak only it trades below 1693 level.
The Rel infra will face resistance at 1751-54 level and the support is expected at 684-86 level. The stock is in Bull grip above 719-21 level.
The Relcap has potential to go to 579-81 level so long it trades above 542-39 level. The stock will get support at 523 level.The T.steel has recovered from a low of 240 level to 270 level may see some correction so is the other metals. The Sail will get Bulls support above 116.50.
The Bharti is good above 726 level but may face resistance at 767-71 level. The RCOM is good above 226 level but the support at 218-19 level and will become weak below 215 level.

The SWINE FLU is threatening to kill more as it spreads but the medicines are available.

The crucial results to be announced on Monday are from Aban, Bank Baroda, Indian bank, Oriental bank, United spirits, Tech Mahindra castrol, Areva, Bartronics, Exide Ind, and Vimta labs.

saturday, april 25, 2009

“Conspiracy”

“Conspiracy”-be it on Anil or by Saimira. The ADAG group alleges that the ill-eyed, dark hearted people jealous of the group’s progress plans to kill him. The Citi sleeps are not but the CEO Pandit lost his sleep on the plans of removal from the top post. The SEBI came out with a stringent action against the peopled involved in price manupulation by forged letters of open offer by the promoters, broker and the media persons involved in Saimira episode.

The govt. expects 40 billion dollar FDI and the growth rate above 7-8% will be visible in the second half. The Results of Cipla are good to digest where the Ranbaxy swallowed a bitter pill and hard to digest as the losses are mounting quarter on quarter. The surprise was the decline in profits of Maruti and it expects the future is not rosy.

The Major results today are from ICICI bank, Balrampur chinni, Triveni engg, Petronet Lng and other smaller companies. The Sunday poised for software company results- Mind tree, Nucleus soft and R-system to announce their results.

Market PULSE check by Stock-O-Meter:
The Following scrips covered in my morning posting:
Nifty 3491.35 3402.90 3480.75
ICICIBANK 439.40 415.10 434.10
RIL 1802.00 1727.00 1788.85
REL infra 747.00 703.40 740.50
Rel Cap 563.00 530.35 557.65
I may be right or wrong-"No argument with the ticker- NEVER".

JUST FOR BOUNCE, CRUSHED TO THE CORE......

FOR FEW RUPEES LOST MANY THOUSANDS

BEFORE TEN EVERYTHING CLOSED

JUST FOR BOUNCE, CRUSHED TO THE CORE......