Trading criteria and strategy from market wizard Michael Marcus - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Market wizard Michael Marcus famously turned $30,000 into $80 million. He shares the 3 criteria he looks for in every trade — and the 7 timeless rules that have contributed to his success.

"First, the fundamentals should suggest that there is an imbalance of supply and demand, which could result in a major move," he said. "Second, the chart must show that the market is moving in the direction that the fundamentals suggest. Third, when news comes out, the market should act in a way that reflects the right psychological tone."

Marcus provides an example of bad news being shrugged off in a bull market, while good news is responded to voraciously. He also gauges tone by paying attention to how many consecutive up or down days the market has had and sentiment indexes. "If you can restrict your activity to only those types of trades, you have to make money, in any market, under any circumstances."Although Marcus' trading career is littered with an array of harsh losses, he was able to turn negatives into positives by learning from his mistakes.1. Never bet more than 5% on one idea

"That way you can be wrong more than twenty times; it will take you a long time to lose your money," he said. "I mean actually put them in, because that commits you to get out at a certain point," he said."Another thing is that if a position doesn't feel right as soon as you put it on, don't be embarrassed to change your mind and get right out," he said."Perhaps the most important rule is to hold on to your winners and cut your losers," he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

MY TWEETER LOGO WARREN BUFFETT MSC ECONOMIST ATHEIST💪 HEDGE FUND MANAGER👨‍💼-20 TH CENTURY

EVERY HEDGE FUND MANAGER👨‍💼 BUILD POSITION IN PYRAMID MOST OF TIMES

JESSE LIVERMORE SECRET🤫🤐😶-2020-NOVEMBER -2:30(1:15)- FOR HIGH SHARPE RATIO NOT 10:50(1:5)-SAME -10% SL -10% TRAILING SL - SAME INDICATOR -10 EMA /20 EMA /200 EMA /DARVAS BOX 📦

2:30(1:15)(RISK REWARD RATIO IF POSITION BUILDING🏢IN 5-UNITS OF PYRAMID-10% SL-10% TRAILING SL MAXIMUM RISK -2%-IF STOCKS MOVES-50%UP/DOWN )-IN COMPARISON TO -10:50(1:5)-WITHOUT PYRAMIDING SAME INDICATOR FOR ENTRY,SAME TIME⌚ PERIOD,SAME LEVERAGE

THE MICHEAL-MARCUS-FRANCS CRYPTO INVESTMENT COIN SELLS AT €25,OOO DIFERS FROM THE RF9C THE OTHER GETS YOU €10MILL€80MILL & CHARGES YOU TIP FOR INVESTMENT SUCCESS WHAT A GREAT 30K AND 9FC.

Just spam... unfollowed

Congrats

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The boring investment strategy that helped my grandfather retire a millionaire - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Do you want to set up and optimize your social media accounts? Please visit :
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider's top advertising and media stories for September 10 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Investing outlook, how day traders are threatening to upend the market - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

InMarket acquires location-based marketing firm NinthDecimal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

5 housing markets where home prices are most at risk of falling - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Bryan_Levine Hope so! Damn Is that real?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Nikola's GM deal shows a new way to get electric vehicles to market - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Nikola is just a brand name that GM is buying because the GM brand is dead. Nikola won't design or make any cars. GM will do it all and get bailed out by the govt when it all implodes.
Source: BusinessInsider - 🏆 729. / 51 Read more »