Traders and trading books

Steve Cohen is an American investor and the co-founder of S.A.C. Capital Advisors. Cohen is famous for two things: an outstanding track record in managing money and for indirectly being charged with insider trading (his fund S.A.C. Capital Advisors pleaded guilty). He was interviewed in Jack Schwager’s Stock Market Wizards. This article looks very briefly…

This post is about Steve Watson who appeared in Jack Schwager’s Stock Market Wizards. Watson has not been much in the public, and we know very little about his career after the year 2000 (when the Schwager interview was made). Steve Watson focuses mainly on small caps and has earned his nickname “small cap Steve”….

Stanley Druckenmiller is an American investor, hedge fund manager, and philanthropist. He was the former chairman and president of Duquesne Capital, which he founded in 1981. Druckenmiller is famous, arguably because he spent many years working for George Soros. Stanley Druckenmiller was interviewed in Jack Schwager’s New Market Wizards. The quotes that end this article…

Dana Galante is an American investor and stock trader. She is the managing director of Miramar Asset Management, where she helps her investors to balance their long stock investments. Dana was a short seller; she profited when stocks in her portfolio declined and lost when the price rose. She had an average 15% per annum…

Van K. Tharp is an American investor and #1 New York Times bestseller of Financial Freedom Through Electronic Day Trading and Safe Strategies for Financial Freedom: The Definitive Guide to Position Sizing™ Strategies. He is the president of Van Tharp Institute. Dr. Tharp stands out as an international leader in professional coaching and consulting. His…

Thomas F. Basso, Tom Basso for short, is an American hedge fund manager. He was interviewed in New Market Wizards by Jack Schwager. The title of this article is the same as Schwager used in his book. This article looks very briefly at the trading career of Basso, and we end the article by taking…

Richard Driehaus was an American investor, fund manager, and philanthropist. He was the founder and chairman of Driehaus Capital Management, LLC, based in Chicago. He is regarded as one of the first turtle traders and was interviewed in the New Market Wizards by Jack Schwager. The 50 best trading quotes Richard Driehaus early life and…

Steve Clark is an American investor, founder, and Head of Risk at Omni Partners, LLP. He served as Director, Head of International Equity Trading, and Director, Co-Head Proprietary Trading at NatWest Markets and Nomura Securities, respectively, between the years 1991 to 1997. Also, Clark was the director of Hartford Asset Management Limited from 2000 to…

Michael Steinhardt is an American investor, philanthropist, and hedge fund manager. He founded the hedge fund, Steinhardt Partners in 1967. The hedge fund made an average annualized return of 24.5% for its client from 1967 to 1995. As a result of his stellar track record, he was interviewed in Jack Schwager’s Market Wizards. Surprisingly, after…

Michael Marcus is a commodity trader reputed to have turned his initial capital of $30,000 into $80 million in less than 20 years. He was the first to be interviewed in Jack Schwager’s series about Market Wizards. In this article, we look at Micheal Marcus’ life and career and end the article by listing some…

Michael Carr is an American investor, a Chartered Market Technician (CMT), writer, and speaker with a successful career in financial service. He is a Certified Financial Technician (CFT), a long-term member of the chartered market technicians association, where he served as a contributing editor for smart profits daily. Mike is also a Level II Investment…

Rob Hanna is an American investor, the Co-founder, and vice president of research at InvestiQuants. He has been a full-time market professional since 2001 and has been serving as president of Hanna Capital Management LLC since that time. The 50 best trading quotes Rob Hanna’s early life and career: In 2003, Rob started publishing his…

Mark Douglas is a highly esteemed American trader recognized for his profound understanding of trading psychology. He has authored several influential books and conducted insightful seminars on the subject. One of his notable works is “The Disciplined Trader: Developing Winning Attitudes,” a book published in 1990. This publication holds a significant position in the realm…

Linda Bradford Raschke is an American trader focused primarily on commodities and futures. She is the president of LBR Asset Management as well as LBR Group. She was the first woman to be interviewed by Jack Schwager in his Market Wizard series (New Market Wizards). Linda has been involved in the financial markets since her…

Larry R. Williams is an American Investor, author, and politician from the state of Montana. He has been actively involved in trading the commodities, futures, and stock market for over 53 years and is the only futures trader to trade $1 million of his money at live events worldwide. He has made several trading indicators…

Larry Hite is one of the pioneers of system trading (computerized trading) together with Ed Seykota. His book, The Rule: How I Beat the Odds in the Markets and Life—and How You Can Too, was named a Wall Street Journal, LA Times, and a Porchlight Books bestseller. He co-founded Mint Investments in 1981, the largest…

Larry Connors is the principal executive officer of Connors Research Group, LLC and Chairman of The Connors Group (TCG). The Connors Research Group publishes daily market insights and commentaries, and it has been listed as one of the 10 fastest-growing private companies by Entrex. With over 30 years of industry experience, Connors is regarded as…

First-time father at 60, James Beeland Rogers Jr, also known as Jim Rogers, is an American businessman, investor, and financial commentator who lives in Singapore. He is famous for starting the Quantum Fund together with George Soros, and he was interviewed in Jack Schwager’s Market Wizards. In this article, we look at Jim Rogers’ early…

Jack Schwager is the managing director and principal of the Fortune Group (alternative asset management) in the US and the UK. He is a board member of Fortune’s research affiliate Global Fund Analysis: one of the top sources for independent hedge fund research. He was director of futures for many of Wall Street’s leading firms…

Jesse Livermore was a legendary trader and investor that ended his life by suicide after a boom and bust cycle throughout most of his life. One of the most legendary trading books is based on his life: Edwin LeFevre’s The Reminiscences Of A Stock Operator. In this article, we take a short look at Jesse…

Alexander Elder is an American investor, professional trader, and trader’s coach. He wrote titled, “The New Trading for a Living”, which was regarded as an outstanding book by traders. The book was published in 1993 and has become an international bestseller. It is available in over a dozen languages and has been used as teaching…

Bruce Kovner is an American investor, philanthropist, and hedge fund manager. In 2012, he founded and chaired CAM Capital, which is responsible for investing his private assets, and Kovner Foundation, which oversees his philanthropic activities. He served as Chairman for Caxton Associates, a global macro hedge fund. Bruce Kovner is most famous for being the…

Brett Steenbarger, Ph.D., is the author of the famous Traderfeed blog, and he has also published many books on trading psychology. He is a psychologist and a trading coach, who has helped portfolio managers and traders improve their performance. Brett also trades for himself and uses historical patterns in the market to find a trading…

Bill Lipschutz is a forex trader and the director and co-founder of portfolio management at Hathersage Capital Management and a former director of Global Head of Foreign Exchange at Solomon brothers. He shot to fame when he was featured in Jack Schwager’s Market Wizard – a book made from the compilation of some of the…

Paul Tudor Jones is a famous trader and hedge fund manager. Many negative things happened during the 1987 stock market crash, but one man became very popular and super-rich for his predictions and gains. He would go on to be known globally as Hedge fund manager Paul Tudor Jones II. He quickly rose to fame…

Alphonse Fletcher Jr. is an African-American former hedge fund manager and founder of the Fletcher Foundation. The 50 best trading quotes Alphonse Fletcher Jr’s early life and trading career He was born on the 19th of December, 1965 and was raised in Waterford, Connecticut. Fletcher is the oldest among three sons. His father came to…

Anyone reasonably interested in trading and speculating has probably heard about Ed Seykota. He was first featured in Jack Schwager’s Market Wizards. It’s the most memorable interview in the whole series, in my opinion, not only because he’s very direct, but also because he is unique in his thinking and how he expresses the most…

Edward Thorp is by many regarded as “the first quant”, at least one of the first who successfully used quantitative models for risk-taking. He became famous when he wrote the book Beat The Dealer, in which he documented a rational way of betting to beat the casinos in blackjack. He later studied the financial markets,…

I bought this book many years ago. It’s not about trading, but about poker and selling. However, all the elements are relevant for stock traders. Besides, this book is much better than all the other books I’ve read about psychology. Trading, Sex, And Dying – David Caplan The author is no academic, but a successful…

I have just finished reading When Genius Failed by Roger Lowenstein. The book is an unauthorized biography of the rise and fall of Long-Term Capital Management (LTCM). For those who are not aware of this incredible story, here is a brief recap: LTCM: Founded by “geniuses”- bankrupted by a Black Swan LTCM was formed by…