nyse 
Results of last week 22.03 – 26.03
Week was to say the least for me, not very. Of the four trading days, 3 in the negative. Most did not understand the market and sold in the first hour, which violates the rules of my trading strategy. A month left in the symbolic benefits and must correct it. We’ll try more and work on themselves.
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Richard Dennis
Richard Dennis, also known under the nickname “Prince of the Pit”, was born in Chicago in January 1949. In the early 1970’s, he had borrowed several thousand dollars and ten years turned them into $ 200 million. When specializing in futures trading fund managed by Denis, suffered significant losses during stock market declines in 1987, he retired a few years of trading. Dennis started working with messenger on the trading floor of the Chicago Stock Exchange CME in 17 years. A few years later he began to trade mini-contracts on own account at Mid-America Commodities Exchange. After a series of successful deals Denis bought the place in a much more expensive Chicago Board of Trade. To circumvent the age limit, Richard worked as a messenger and gave the same application to execute his father, who was on his land in the “pit”.
Paul Tudor Jones
Paul Tudor Jones II was born on September 28, 1954 in Memphis, Tennessee, USA. Paul Jones received his higher education at the University of Memphis, and later at the University of Virginia, he received a degree in economics. In 1976, quite successfully participated in the championship boxing welterweight.
His business career he began in 1976 with a clerkship, and soon rose to a broker in the company «EF Hutton ». Since 1980, over two and a half years, Paul was an independent trader. He then went to Harvard Business School, but soon realized that what is taught in this school is not the knowledge that he wants to get. So he abandoned the idea of further education and asked for support and advice from his cousin William Danavanta specialized in cotton trade. William Danavant sent him to New Orleans, what would Jones talks and a major broker Eli Tallis, who offered him a pretty good job. Jones began trading cotton futures on the New York Cotton Exchange.
In 1980, Paul founded the company «Tudor Investment Corporation», which is a leading investment fund, the head office is located in Greenwich, Connecticut. During the first five years of fund gave yields over 100% per annum. In 1986, the fund earned 99.2% per annum, this reduction upset Jones – he is regarded as a bad year. Of course, affects the scale: the fund at that time was not too large. Managing small amounts, could not be afraid of the strong market response to its trade manipulation.
How To Choose A Broker
How should we go about choosing our broker? Which company is the best fit for my trading style? We bring you the list of the biggest brokers in the US and attempt to identify the best of them.
Types Of Brokers
There are basically two kinds of brokers in America, namely full-service brokers and discount brokers. The full-service brokers offer a much bigger support to the client than the discount brokers – especially by providing analysis and research reports, trading tips, offering professional assistance and guidance on particular trades and so on. However, the client has to pay extra for these services, which implies that full-service brokers charge much higher fees for their service than discount brokers. Choosing a full-service broker may be convenient for people who are just starting in the market and often need a lot of advice and answers to their questions. Some of the biggest banks act as full-service brokers for their clients.
Although, for most of the traders, choosing a discount broker seems to be a better alternative. Especially for those that do their analysis themselves and rarely need telephone assistance during trading. Because discount brokers usually do not do their own research and offer less services than full-service brokers, they can charge clients much lower commissions. When trading through a discount broker, the client places his trades in an computer application that sends them to the broker via internet. That’s why the execution time of the trades is much shorter than if a trade is placed through a phone call – which is yet another advantage. Some well-known discount brokers are for example Interactive Brokers, Sogotrade, Scottrade, or thinkorswim.
There are several things to consider when choosing a broker.
Films traders
1. Boiler Room
2. Trading Places
2. The Pursuit of Happyness
3. Good Advice
4. Wolves Of Wall Street
5. Buy&Sell
6.The Man Who Broke Britain
7. Traders
8. Wall Street Wariors
9. Wall Street
10. Other People`s Money
11. Rogue Trader
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Rule №1
Do not trade in the first hour, no matter what position were small, no matter how great the money is not promised, kept his position in the first HOUR!!
P.S. This must be framed to hang himself)
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