Jeff Yass was always a little different from his peers — a brilliant young man taken with poker and horse racing and the power of rational decision-making. He’s used all of it to turn his company — Bala Cynwyd’s stealthy and mysterious Susquehanna International — into one of the world’s most lucrative and powerful financial…
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Like many traders, I read Market Wizards as a kid. If you don’t know it, it’s a collection of interviews with the most legendary traders of the 1980s.Back when I first read it, I really had no idea what the hell I was doing. I read it, thought I got it and moved on. But I didn’t…
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This is a little quiz prompted by a recent conversation with Matt F who brought these little metrics to my attention. Below is a chart of the Dow and on it I have plotted a simple 3 ATR stop which can serve as a trend indicator. The question is – given the information above would…
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At eight o’clock in the morning of Wednesday April 18th 1906, Jesse Livermore was sound asleep in his New York hotel room after arriving back late from Palm Beach the previous evening. 3000 miles away, across the country in California, it was five o’clock in the morning and the city of San Francisco slept contentedly.…
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LB recently did a guest spot on Expert Interview for Best Choice Software. The entire thing can be found here.
“Become more humble as the market goes your way.” – Bernard Baruch
