Marty Schwartz

Originally an equity analyst but sick of having to write rubbish investment advice for sky-valued companies, Marty Schwartz developed and combined several technical indicators with an effort to confirm his low-risk entry points for your trades. Schwartz succeeded when he converted to using technical analysis and focused on probability abilities in mathematics

He traded his accounts from $ 40,000 up to $ 20 million and won the US Investing Championship in 1984.

When asked if the technical analysis has any effect, he replied, "I've been using fundamental analysis for 9 years and now I'm getting rich with technical analysis".

His school is to use the moving average (MA) to identify good stocks, by finding the positive divergence between the stock's price action versus the general market.

The famous quote by Marty Schwartz is "Traders would rather lose money than admit they are wrong ... I became a winning Trader when I could say," Throw my ego in hell, making money is more important. "

Mark D. Cook

He lost his capital several times while learning to trade, including 1 loss more than his own assets. In 1982, he traded large volumes of Options and caused huge losses. His account fell from $ 165,000 to a deficit of 350,000 within a few days. A loss of $ 815,000 is the amount of a loss he made in the family's account.

Not a quitter, 5 years later, Mark D.Cook completely removed it all. He said his turning point to success was due to him developing something he called the "Cumulative Tick Indicator".

There is a widely used indicator called "Tick", in which, if the number of stocks on the NYSE has increased in the previous trading session, it is called an uptick, and the number of stocks declines called a downtick. When this Tick indicator goes above or below an average band, the "cumulative Tick indicator" begins to add or subtract ticks from the general accumulation level. This indicator acts as an overbought or oversold alarm tool. When it reaches a certain peak up or down point, the market can reverse.

Mark D.Cook's famous quote "In order to be a successful trader, you need to commit completely ... Someone looking for a shortcut leads to failure. And even if you do everything right. You should also take into account the possibility that you will lose money in the first five years ... This hard and cold truth is that many traders don't want to hear or believe, but ignoring it doesn't change reality "

Victor Sperandeo

He is an options market trader and technical analyst with 18-year returns, averaging 72% per year. His first loss year was 1990 with a loss of 35%.

Victor Sperandeo describes his style of taking risks only when there is a firm bet. After two years of research, he found his own "life" in the fluctuations of each market. For example, he warns that an intermediate swing of the Dow during a bull run is about 20%. After reaching 20%, the possibility of further increase is very difficult.

According to Sperandeo, understanding that makes a big difference, like a hedging policy for an 80-year-old is different from a 20-year-old. Sperandeo believes that a common reason for technical analysts' failures is that they apply their tactics to the market regardless of the lifespan of bullish or bearish volatility.

Currently, Victor Sperandeo is the Chairman and CEO of Alpha Financial Technologies, which is widely known for its trend-following and futures-based indicators: The Diversified Trends Indicator, The Commodity Trends Indicator, and The Financial Trends Indicator.

Victor Sperandeo's famous quote "The key to successful trading is emotional discipline. Making money has nothing to do with intelligence. To be a successful trader, you need to admit mistakes. Bright people. don't make too many mistakes. Besides trading, there are hardly any other careers you need to admit when you are wrong. In trading, you cannot hide your mistakes. "

Ed Seykota

Ed Seykota was a pioneer in the programming of trading systems. Inspired by Richard Donchian, Ed Seykota began developing trading systems on the futures market in the 1970s. He tested and executed his ideas on an IBM 360 computer long before the stock market gets traded online. At that time, the computer was the size of a large room and was programmed through punched cards

Initially, he wrote trend trading systems with several rules of pattern recognition and capital management. In 1988, one of his client accounts had grown by 250,000%. Today, the story is told that his daily job is only a few minutes to run computer programs and look for new trading signals

Ed Seykota acknowledges his success thanks to costly capital management, his ability to stop losses, and to analyze techniques based on the trading system he created. He calls fundamental analysis "funny-mental", with the explanation that the market has mixed mass information into it, making fundamental analysis less useful.

Ed Seykota's famous quote is "There are old traders and bold traders, but very few traders are both old and daring."

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