Brian Gelber is a trader profiled at StreetStories
Most traders who fail have large egos and cant admit that they are wrong. Even those who are willing to admit that they are wrong early in their career cant admit it later on! Also, some traders fail because they are too worried about losing. Im not afraid to lose. When you start being afraid to lose, youre finished. Brian Gelber I learned that an opinion isnt worth that much. It is more important to listen to the market. Brian Gelber...
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Randy McKay is a trader featured in The New Market Wizards
In 1970, I returned from a tour in Vietnam. Since I didn't finish school before I left for Vietnam, I needed a job that would allow me to go to school at the same time. My brother, Terry, was a floor broker on the Chicago Mercantile Exchange. He got me a job as a runner on the floor, which allowed me to work in the morning, attend school in the afternoon, and study in the evening. I worked as a runner for a couple of years with absolutely no intention of getting into this business. I was studying to be a clinical psychologist. Just as I was finishing college, in 1972, the CME launched a subdivision, the International Monetary Market to trade currencies. When the exchange started the IMM division, they sold seats for only $10,000 in an effort to...
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Bill Lipschutz
Performance Data: Lipschutz's first experience in actual trading was prompted by a $12,000 inheritance that steadily built up to $250,000 over a four-year period. Although he ended up blowing the entire account because of one drastic mistake of wildly overleveraging his position, that does not take away from the skill that was needed to produce the steady equity growth in the first place. Despite having had no previous experience whatsoever in the currency markets, Lipschutz was significantly profitable in his very first year of trading these markets and extraordinarily profitable over the next seven years. Q. I heard that you had a degree in architecture. How is it that you ended up as a trader? A. While I was enrolled in the architectural program at Cornell, my grandmother died and left me a portfolio of a hundred different stocks with...
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Dr. Van K Tharp is the president of the International Institute of Trading Mastery
Dr. Van K. Tharp is the founder and president of the International Institute of Trading Mastery, Inc. or IITM for short. In his capacity as a coach, he has helped people with everything from system development to private coaching on success-related issues and overcoming self-sabotage Dr. Tharp is the only trading coach featured by Jack Schwager in "The Market Wizard's: Interviews with Great Traders". He has published numerous articles in various industry publications and is in great demand as a speaker. His has written a home study course for traders and develop eight three day workshops on such topics peak performance trading, self-sabotage, position sizing, and how to trade the stock market. He has done psychological profiles of over 4000 traders in the last 18 years. Van K. Tharp's investing rules Whenever you enter into a position, always have a...
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Tony Saliba is a trader featuerd in The New Market Wizards
Q. What led you to become a trader? A. I was a caddy for some grain traders when I was in high school. In college, a friend of mine asked me if I would like to be a broker. I though that he meant doing the same thing as the guys I had caddied for. So, I said, Yes. Great! Where? Indianapolis, he answered. I said, What exchange is in Indianapolis? None, he said, you do it on the phone. I had this impression of: Hello New York, buy; Chicago, sell. When I got there, I found out I was a salesman. After a few months, I asked the guys in the office, Who makes all the money in this business? They said you have to be on the floor. Right there I decided to go to the Chicago Board...
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