Category: Money tips Release Date: 2006-05-21
Blues. Gao Fu Take (Bruce Kovner) is now the largest foreign exchange, futures speculators, one of which he was thousands of miles away to defeat the enemy is on national economies incisive analysis of a very wide scope of the study, fine of the Department, it is stunned, in the 1977-1987 decade, the Blues. high-rich investment funds to take the average annual value of 87% in 1992 in the United States, "Financial World" magazine published ten highest-paid people on Wall Street spot for sixth The annual income of 100 million U.S. dollars, imposing a century ago. Although the record is extremely good, the transaction amount of staggering, but he has always been very low key, never liked media interviews.
Blues. Gao Fu, after taking a graduate of Harvard University, he taught at his alma mater and the University of Pennsylvania, also engage in political activities for the future lay the foundation for the economic analysis, but because of limited economic conditions and finally into the speculative sectors. In 1970, the Blues. Gao Fu take over a year in-depth study and right from time to time surveys to 3000 U.S. dollars into the market, a soybean and copper arbitrage profit 1000 U.S. dollars, speculation began his career. However, in 1977, soybean arbitrage experience has taught blues. Takatomi take a lifetime. Spot market was a serious shortage of soybean, Bruce. Takatomi analysis in July to take a relatively November soybean contract agreement between the two spreads will become large, then spotted the opportunity to buy in July soybeans at the same time short-selling in November Soybean contracts, spread is 60 cents, stop-loss set at 45 cents, and soon spread to expand to 70 cents, Bruce. Gao Fu Take yielded the Pyramid coded way to continue to increase the amount of arbitrage alone. In the April 13, 1977, soybeans hit record highs, brokers to call excitement, said: "Bruce, soybean non-stop the sky, it looks likely will again limit-closed. July had been almost a daily limit, in November picked up the pace, If we continue to retain a single in November whether the air foolish? in November would be better to empty a single first open positions, only a single holding in July soybean, followed by limit-if the soybeans and then a few days, the profit would it not be more impressive? "in the broker's instigation, Bruce. takatomi November soybeans will get an empty one-all open positions. After 10 minutes, brokers tone crazy right Bruce. Takatomi hold, said: "I do not know how to explain to you, but all the daily limit soy! What to do?" Blues. Gao Fu took almost fainted on the spot, but fortunately the market was a slight rebound to give him the opportunity to leave open positions. Account the net from the peak of 45,000 to 22,000 U.S. dollars a falling dollar. A hasty decision to let Bruce. Takatomi get ashamed of yourself, can not eat for several days, while realizing that the risks of futures trading, it was decided a month truce, a thorough review of the reasons for mistakes, so Bruce. Gao Fu took more discipline and strengthen capital and risk management, and understand that when the market changed drastically affected the whole emotional balance, for the prospect of a blur, they should leave regardless of all open positions.
Blues. Gao Fu took as having engaged in political activities, the reasons for the analysis attaches great importance to the fundamental factors in the market before the city must have a clear potential point of view, and only fully understand the market up or down, or reasons, only according to the chart signal entering the market, while the chart analysis can confirm that the trend shown by fundamental factors, strengthening market confidence. In order to more carefully analyze the market, Bruce. Takatomi get subscribed to a lot of investment analysis reports, such as wave master Pachter, history field, Davis, and so on, but the Blues. We do not have to rely on high-Fu took to carry out analysis report transactions, because the market for profits, the confidence of the individual is more important, if solely the opinions of others enter the market, may be difficult to implement consistently, it is taboo for the futures market. If the same as in the majority of expert opinion, while the city does not meet the potential, it will constitute a warning signal, because in this case, most people will make the wrong investment decisions. In other words, when most people talk about it, the city will be downward trend.
Blues. Gao Fu took that to be speculation in the modern master, at least to have the three important conditions:
1, to fantasies of the future will likely happen in the mind for the future situation, often the idea of a different image, and then wait for the facts to prove what an image would be a dream come true. This will enable their movements have been done a pretty good idea of Quotes, Threatened chaos. As the old saying goes: forewarned is forearmed and without prejudging the waste.
2, in the Quotes under pressure to remain rational and stick to discipline, strong-willed, indomitable, there must be independent and at the same time more flexible use of the opposite theory.
3, must have the courage to admit to accept the reality of frequent mistakes. His teacher constantly reminded of him: to determine the error is not a timid thing, based on past experience, I often thought that the best investment opportunities from the deal was fumbled, and then select the second best decision to attack, but also is unable to retire the final with confidence higher than Johnson's third choice of a team, the results of victory.
Blues. Takatomi After holding numerous market risk and hone the baptism for the stop has a unique decoration techniques. Every time the stock market before, we will certainly set a stop loss order to ensure peace of mind, stops, always an important swing in the price chart, the trading bets, depending on the amount involved in stop-loss, depending on Quotes will not appear small adjustments have been touched. That is rather to reduce the volume to accommodate a safe stop bit.
Experienced the pain of defeat after the transaction several times, and then by master teacher Marcus (Michael Marcus) of the pointing, learned a lot of speculation techniques, combined with savvy high precision analysis of the basic elements of the advantages of wealth, in the short run, the management of investment funds rose to more than 650 million U.S. dollars, Ai Yori Aoshi, jump master for a generation.
