Here’s the stock-market trade this hedge-fund star is most excited about right now

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

This trader has become fabulously wealthy using computer programs to track price trends — and by following one simple rule: cutting his losses early. “I love making money,” he says.

Larry Hite is a long-time successful hedge-fund manager who doesn’t believe he — or really anyone — can predict what the stock market will do next, or which seemingly successful companies will suddenly crash. Rather, the 78-year-old has become fabulously wealthy using computer programs to detect and follow price trends — and by following one simple rule: cutting his losses early. He founded Mint Investment Management Co.

Q.: You’ve made lots of money as a trend trader, and you write in your book that you make money because you do what the market tells you do. If only it were that easy! Why, in your opinion, is this not a more crowded strategy? A.: No, it’s not. I respect the intelligence and devotion of economists and historians who have tried to understand global markets and develop a theory of human behavior and market dynamics. But when you start believing you have remarkable market-predicting powers, you get into trouble every time.

Q.: Do you take into account a company’s fundamentals like earnings forecasts and how fast it is growing vs. its sector, valuation measures like P/E ratios, and other factors, or is that all irrelevant as a trend follower?

 

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

Great read, have my own Software designed to my specifications, all traders should read this post.

Captive revenue.... subscription based is a tangible asset. Without subscription, these companies would have gone broke. Tax subsidies are now saving them.... Boom n bust cycles revolve around the 20 year Saturn Conjunction. Even that cycle will adjust, soon.

We love making money too. Come talk to us about it! trifound

abcmachado Mestre, acho que esse rapaz acompanha a sala kkkk

abcmachado Ótima leitura

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:

 /  🏆 3. in CA

Canada Canada Latest News, Canada Canada Headlines

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

Stocks rise at market open on renewed trade optimismU.S. stocks rose at the start of trade Monday after China's top trade negotiator, Vice Premier Liu He said over the weekend that the U.S. and China had made... LOL......it's not about trade...... Growing optimism?! 😂 🇺🇸🐓🐔 America is essentially a monopoly culture, and that the ultimate goal of a free market is to achieve the absolute minimal amount of actual competition—especially to an audience of people whose livelihoods are being destroyed by those very dynamics.
Source: MarketWatch - 🏆 3. / 97 Read more »

Wall Street is sounding the alarm as a key source of stock-market buying evaporatesShare buybacks fell 18% year-over-year in the second quarter, Goldman analysts found, and the second half of the year will likely see further decline. STOCK BUY BACKS ONLY MAKE THE THE ECONOMY LOOK LIKE IT'S DOING WELL THEY USED TRUMP TAX CUTS TO BUY THERE OWN STOCK ENRICH THEMSELVES NOT REINVEST IN ECONOMY BY CREATING NEW JOBS
Source: BusinessInsider - 🏆 729. / 51 Read more »

Here's what happened to the stock market on MondayAll major indices closed in the green today, boosted by optimism around U.S.-China trade talks and earnings season. The S&P 500 closed above 3,000 for the first time since Sept. 18, while the Dow and Nasdaq rose 0.2% and 0.9% respectively.
Source: CNBC - 🏆 12. / 72 Read more »