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?
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
Philippines Philippines Latest News, Philippines Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: CNBC - 🏆 12. / 72 Read more »