How to Trade

Trading Lesson 11: Scott Bessent

jesselivermore — Mon, 23 Feb 2009 19:30:36 +0000

“In trading, when there is nothing to do, the best thing to do is nothing”

Scott Bessant, Hedge Fund Manager, Bessent Capital, New York

Trading Lesson 10: Victor Sperando

jesselivermore — Mon, 23 Feb 2009 19:20:36 +0000

“Bull markets terminate in a period of excessive activity and begin with comparatively light transactions”

Victor Sperando, Trader in Trader Vic – Methods of a Wall Street Master

Trading Lesson 9: Scott Bessent

jesselivermore — Fri, 20 Feb 2009 11:43:26 +0000

“People always forget that 50 percent of a stock`s move is the overall market, 30 percent is the industry group, and then maybe 20 percent is the extra alpha from stock picking”

Scott Bessent, Hedge Fund Manager

Trading Lesson 8: Van Tharp

jesselivermore — Wed, 18 Feb 2009 12:40:29 +0000

“People make money in the markets by finding themselves, achieving their potencial, and getting in tune with the market.”

Van K. Tharp, PhD, Trading Consultant

Trading Lesson 7: Christian Siva-Jothy

jesselivermore — Tue, 17 Feb 2009 12:27:57 +0000

“One of the most difficult things about trading is not to trade. That is probably one of the most common mistakes that people starting out in this business make. Overtrading is as bad as running losing positions for too long.”

Christian Siva-Jothy, Ex-Prop Trader at Goldman Sachs

Trading Lesson 6: Paul Tudor Jones

jesselivermore — Sun, 15 Feb 2009 16:59:17 +0000

“My bigest hits have always come after I have a great period and I started to think that I knew something”

Paul Tudor Jones, Hedge Fund Manager, Tudor Fund

Trading Lesson 5: Marty Schwartz

jesselivermore — Sat, 14 Feb 2009 14:30:45 +0000

“Now it is not the time to worry about making money; it is time to worry about keeping what you have made”

Marty Schwartz, S&P Trader

Trading Lesson 4: Jesse Livermore

jesselivermore — Sat, 14 Feb 2009 14:27:29 +0000

“The one game of all games that really requires study before making a play is the one he goes without his usual highly intelligent preliminary and precautionary doubts. He will risk half his fortune in the stock market with less reflectionthan he devotes to the selection of a medium-priced automobile”

Jesse Livermore, 19th and Early 20 th Century Trader and Speculator

Trading Lesson 3: Nassim Nicholas Taleb

jesselivermore — Sat, 14 Feb 2009 14:21:07 +0000

“In other words, history teaches us that things that never happen before do happen”

Nassim Nicholas Taleb, Trader and Author

Trading Lesson 2: Gary Bielfeldt

jesselivermore — Sat, 14 Feb 2009 14:18:47 +0000

“When you are starting out, it is very important not to get too far behind because it is very difficult to fight back”

Gary Bielfeldt, Bond Trader