Victor Niederhoffer

In April 2006 Niderhoffer Victor (Victor Niederhoffer) appeared on the evening in a New York hotel St. Regis, which brought together some 300 leading fund managers of America. Passing under the gilded chandeliers in a blazer the color of lavender, he felt that once again raised at the summit of success. In 1980-90-ies. Victor Niderhoffer created for himself a vast fortune and a reputation as one of the most prominent hedge fund managers in the United States. But his undoing excessive love of risk: before the Asian financial crisis, he played in improving Thai shares, and during the crisis – on the rise in the index Standard & Poor’s 500, using the naked option on the index. When the markets collapsed, Victor Niderhoffer overnight, lost everything – $ 130 millionth Fund and almost all of their own savings. It seemed that life has dealt him a crushing blow, but he managed to overcome the way up the second time. Speaking to the financiers, honored him in St. Regis, Niderhoffer stressed how highly appreciates “the difficult and courageous” decision to reward him after he had once failed.

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nyse    Biography    

Does not reduce the probability (the percentage of successful traders)

“How many new traders succeed?” – Asks a potential trader from a group of battle-hardened experts. “Of those 40% who survive more than a year, only one or two per cent will learn to consistently make a profit” – meets the head of one of the major brokerage firms. “About five of the 100 – according to my observations,” – said a leading trader of large hedge fund. We Innerworth found that less than 25% hold out at least six months. It seems that many would agree with this: If you plan to do only trading, the probability against you. Here are some ways in which converts traders can avoid common mistakes and win probability. read more

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Arrogance: it is hard to break old habits

The arrogance – one of the most common psychological problems of traders. By recklessly inclined to all people, but some of it may reflect deep psychological conflicts. Sometimes, however, the arrogance – just a matter of difficulty breaking old habits. Sometimes, trading strategies executed by us “too automatically, even if the rules were not quite correct. Sometimes we need to learn that behavior or “retrained” trading. It is vital both to hone your trading skills so that you can conduct transactions freely and intuitively. The thinking is limited, but with practice you can simultaneously perform multiple tasks and to “expand” the scope of thinking. read more

nyse    Articles