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Yes You Can Really Make $1,000,000 Trend Following (Quote From Market Wizards)

Michael Marcus told Bruce Kovner that it was really possible to make a $1,000,000 trading.Both Michael Marcus and Bruce Kovner are Trend Followers. Michael Marcus returned 2,500% and Bruce Kovner is on the Fortune richest people list. However, do not think that trend following is easy. Most people lose money. More than 90% of traders […]

Professional Traders Do Not Chase Returns

The easiest thing a laymen can do is chase returns. Chasing returns means investing in hedge fund managers or commodity trading advisors when they have a good run. Professional traders who understand compounding invest with other traders as well. What these professional traders do is buy draw downs and more importantly do their due diligence. […]