"In the late 1960s, I decided that silver had to rise when the US Treasury stopped selling it," he told Schwager. "Much to my amazement and financial detriment, the price started falling!"But the initial shock and awe that arrived hand-in-hand with Seykota's loss didn't go unavenged. His less-than-stellar first go-round kickstarted a quest to carve out a systematic process he could entrust.
From that point on, Seykota would spend his days hacking away at his keyboard, testing the performance and validity of any array of different trend-following systems — a market approach that leverages momentum and moving averages to discern buy and sell points."Anyway, I got my results," he said. "They confirmed there was a possibility of making money from trend-following systems.
Although he was clearly skeptical when his trading algorithms started to show promise, looking back at his comments, Seykota's remarks seem to masquerade and underplay the effectiveness of his newly found strategy.
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:
PAY WALL!!!
Hmm
Good
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TikTok employees describe life inside the company as its future hangs in the balance - 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. 'On Sunday, September 27, the US courts issued an injunction preventing the implementation of the Executive Order'
Source: BusinessInsider - 🏆 729. / 51 Read more »
Investing strategy: Ex-Goldman trader shares stock picks, top ideas - 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 »
How a 16-year-old made millions collecting and reselling trading cards - 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. RobinMadell garyvee RobinMadell Who? RobinMadell Just like us whom made a lot at the end of the dot com bubble, he got lucky.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Apple CEO Tim Cook granted nearly $40 million in Apple stock - 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. wew But where is the new iPhone?
Source: BusinessInsider - 🏆 729. / 51 Read more »
How much YouTube pays for views: 100,000, 1 million, 150 million - 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. Clickbait. OMG. That was a sucker's move.
Source: BusinessInsider - 🏆 729. / 51 Read more »