Former swimming-pool contractor Dan Zanger must hold a trading record by having parlayed $10,775 into $18 million in the 18 months between June 1998 and December 1999. He bought CMGI in early January 1999 at $118, rode it to $305, then sold at $138* (*post 2 for 1 stock split) – after which the stock dropped to $87. The trade netted him more than 210 percent in four days. Eventually, the prop trader’s nest egg grew to $42 million – which shows how career changes can make the best swaps.
Category Archives: Forex & Trading
Discipline is one of the most important traits for any trader who wants to be successful. It is more important than talent, because even the most talented traders will not be profitable if they do not have the discipline to stick to their trading plan and manage their risk.
The best traders of all time should be measured by average annual returns, duration of years for those returns, and the amount of capital under management. At the bottom of this post is a chart of the best traders of all time based on these factors: Here is more information about the top five traders […]
Many new traders enter into trading with the goal to trade full time for a living and quit their full time job. Trading is a professional endeavor that requires the same amount of effort that any professional career takes. The low barrier to entry is what lures people into trading thinking it is easy. Most […]
Here are 25 rules to consider if you plan to trade or are already trading part time. Trading for capital appreciation while working a full time job is possible but you must consider how to optimize your trading process so it doesn’t interfere with your work and also that you can execute your trading system […]
Even though cryptocurrencies like Bitcoin and Ethereum have had huge run ups over time, they don’t go straight up and holding them is not as easy as people think in hindsight. The prices have moved both up and down many times creating a lot of emotions both good and bad at times in the people […]
William O’Neil is likely one of the greatest stock traders of our time. O’Neil made a large amount of money while he was only in his twenties, enough to buy a seat on the New York Stock Exchange. Today, he runs a successful investment advisory company to big money firms, and is also the creator […]
Many of Hagakure principles can be used in business, sports, trading, and investing to achieve a warrior mindset and overcome your ego and emotions along with your adversaries.
The common held belief in the trading world is that 90% of traders are not profitable long term. This was based off some old studies of brokerage accounts. I read the original source article long ago in a trading book that referenced it. Other more recent studies seem to have found that the failure rate […]
“Mr. Seykota himself has put together a money management track record with returns of roughly +60% net of fees over the three-decade span of his trading career…”-Futures Magazine Ed Seykota, first featured in the book Market Wizards has one of the best records of all time for any trader. Ed Seykota’s record is as good […]