Famous Bulls

11.560 A 0.9% FAMOUS BULLS 28 44 0.1902 WALL ST 1-21> +1.0 1658 14 DANCE INTRODUCTION A bullish trade is a trade where one believes the BROADWA traded good or stock will increase in value in future. SDAR ЭМРOSI Real bulls know how to invest very little and reap jaw dropping returns! Here are some of the world's most impressive bullish traders who turned rags 0.9 into riches. NASDAQ NASDAQ NASDAQ VASDAQ APH - ghted Cur P/E Level Est P/E Level Pri RICHARD DENNIS The key is consistency and discipline. I don't think anybody winds up making money in this business because they started out lucky. JANO 3MAY UNDER 21 TURTLE TRADER AGE 17 At the time, you had to be at least 21 years old to trade so Richard Dennis is known for turning $1,600 into $200 million in about ten years, as well as the Turtle Trading Strategy The "Prince of the Pit" began trading in the early 1970s at age 17 he hired his father to do specific trades in his place 1970 1973 THE BEGINNING He began by borrowing $1,600 from his family, spending $1,200 to begin trading at the Mid-American Exchange Starting in 1970, he traded his remaining $400 into $3,000 By 1973 his capital was over $100,000; by the end of 1974 he had made a profit of $500,000 by trading soybeans 1988 PRESENT 1983 He is now worth over At the end of his 5-year experiment, his turtles had earned an aggregate profit of $175 million, with many beginning successful investing careers $200 million In 1983, Dennis bet his business partner, Bill Eckhart, that he would teach a group of strangers to trade in the big leagues after only two weeks of training. He likened it to raising traders like they raise turtles in Singapore. ghted Cur P/E Level Est P/E Level Pri THOMAS BALDWIN It's perseverance. You don't need any education at all to do it... because it is like any job. If you stand there long enough, you have to pick it up. 4JANO2 THE BEGINNING MEAT PACKER After graduate school he moved to Chicago to begin bond trading on advice from a friend Tom Baldwin started working as a meat packer in Ohio HIS PHILOSOPHY SI MILLION He turned $25,000 into $1 million before his first year was up He was paying $2,000 per month to lease the seat on the exchange and at least $1,000 for Baldwin never viewed paper gains and losses in terms of what money could be spent on According to him, thinking about the money in terms of what it can buy is a sure-fire way to sell yourself short living expenses $30 MILLION LARGEST TRADER 30-YEAR He is the single largest individual trader in the T-Bond His specialty is trading 30-year bonds It is estimated that his total winnings equate to $30 million yhted FOR Migh Low Cur P/Æ Level Est P/E Level Pri MICHAEL MARCUS Always use stops. I mean actually put them in, because that commits you to get out at a certain point ... to be a competent trader and make money is a skill you can learn. 4JANO2 3MAY STARTED BROKE RESEARCHER 10 YEARS Marcus is renown for turning $30,000 into $80 million in about 10 years When he started trading he lost all of his money from the advice he took from a friend claiming he could double his money every two weeks Michael Marcus began as a researcher for a brokerage firm 1972 1973 $700 In 1972, Marcus's stake rose from $700 to $12,000 In 1973, he turned $24,000 into $64,000 He started by buying plywood futures with his life savings of $700 USE STOPS ED SEYKOTA He always uses stops while trading, committing to getting out at a certain point Marcus learned trading and money management from Ed Seykota, a commodities trader who studied at MIT ghted Cur P/E Leel Migh Low Est P/E Level Prie werege ED SEYKOTA Get someone with skills to help. 4JAN02 3MAY HIS SUCCESS OVER 60% | $15 MILLION He turned $5,000 into $15,000,000 over 12 years Much of Seykota's success as a trader was attributed to his development and utilization of computerized trading Seykota has put together a track record of returns of over 60% over three decades systems 1970s IST SYSTEM INFLUENCE He conceived, developed, and implemented the first commercial computerized trading system for managing clients' money in the He was hired first as He was self taught but was greatly influenced by Richard Donchian's writings an analyst by a major brokerage firm in the 1970s futures markets SERVED OTHERS CONTINUING ÉDUCATION Seykota specifically continues to commit to studying the psychological competes of trading while also helping other traders achieve their full potential He has served as a teacher and mentor to some well known traders CONCLUSION 2008 The key idea in these success stories is to stay focused and disciplined in order to see results. With practice comes experience; everyone these bullish develops their own method of trading, and as many traders found, patience is a virtue worth maintaining. I MA(19) Volume 3,820,00 22-51 WALL ST SOURCES beforeitsnews.com/financial-markets/2013/05/insights-and-lessons-from-tom-baldwin-bond-trader-investor-2549752.html en.wikipedia.org/wiki/Richard_Dennis en.wikipedia.org/wiki/Michael_Marcus_(trader) www.ayounginvestor.com/michael-marcus/ turtletrader.com/trader-seykota/ www.ino.com/blog/2009/02/four-multi-millionaire-traders-share-their-thoughts-on-trading/ stansberryresearch.com/investor-education/3-secrets-of-billionaire-investors/ www.investopedia.com/terms/b/bullmarket.asp www.investopedia.com/articles/trading/08/turtle-trading.asp www.stockopedia.com/content/turtle-trading-rules-trend-following-investing-based-on-20-55-day-highs-58024/ BYLLS ON WALL STREET +0.9% 437,626,992