Category: Trading Greats

Trading in the financial markets can be an exhilarating and potentially lucrative endeavor. To succeed in the markets, you need a clear strategy that can adjust to changes.  The Joe Ritchie Trading Strategy is a popular and well-regarded strategy that has gained attention.  Joseph Ritchie is a seasoned trader with decades of experience in the…

I think a lot of successful traders are unemotional, hardworking, and disciplined. Ironically, I find myself lacking on each of those counts. I get very emotional; I really don’t work that hard; and I’m not as disciplined as I should be. I would attribute my own success to having both conviction about my gut feelings…

Mark D. Cook was a legendary investor featured in Jack Schwager’s Stock Market Wizards. Originally a farm boy from Ohio, Cook made millions in the market and also won the 1992 U.S. Investment Championship with an astounding 563.8% return. He specialized in technical analysis, options trading, and pattern recognition. The following is a breakdown of…

Monroe Trout is one of the successful hedge fund managers interviewed in Jack Schwager’s The New Market Wizards. With an average return of 67 percent over five years and a maximum drawdown of just over 8 percent, Trout’s track record surpasses his peers in terms of his return-to-risk ratio. He started his career at Victor…

Randy McKay is a legendary investor who began trading currency futures in 1970 while working as a runner on the Chicago Mercantile Exchange floor. He eventually took over his brother’s seat on the exchange with $2,000 in his account and within seven months, turned that amount into $70,000. He went on to pull hundreds of…

“Foreign exchange is a twenty-four-hour market. It doesn’t go to sleep when you leave at 5 P.M. The market is really there all night, and it moves!”~ Bill Lipschutz Bill Lipschutz is a highly successful trader known for his expertise in the foreign exchange market. He started his trading journey while studying at Cornell University…

Blair Hull is one of the most successful options traders of all time, averaging around 100% per year in profits at the height of his career. Hull was initially brought into the world of probabilities and betting by the book Beat The Dealer by Ed Thorp, a legend in both trading and blackjack. Starting as a…

Gary Bielfeldt was a successful trader who rose to prominence in the 1980s by trading Treasury bonds. In the mid-1990s, Bielfeldt founded his own trading firm, GNP Commodities, which became one of the largest trading firms in the T-bond futures market. The following is a breakdown of the principles Bielfeldt used in his trading strategy.…

Tony Saliba is a successful options trader who started his career in 1978 on the Chicago Board Options Exchange. He built his fortune by exploiting rare trading opportunities while also having excellent risk control. Saliba’s trading style focuses on consistent profits with occasional dramatic gains. In addition to consistently beating the markets, Anthony Saliba has…

William O’Neil is a highly successful investor and businessman who is the definition of an American success story. Born in Oklahoma during the Great Depression and raised in Texas, O’Neil started his financial career as a stockbroker for Hayden, Stone and Company in 1958. It was there that he began his research that formed his…