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The Ultimate Trading Secret at Trader’s Narrative

The Ultimate Trading Secret

Many spend their whole lives searching for the ‘Holy Grail’ of trading, mistakenly believing that if they work hard, or find the right indicator, or get the right mentor or… (fill in the blank), they will succeed in trading, become a Market Wizard and make gobs of money.

Well, I’m here to tell you the only real secret: Grow a mullet.

Don’t believe me? Take a look at the irreproachable evidence:

BillFleckenstein.pngBill Fleckenstein: Many confuse Bill’s bearishness in the past few years as qualities of a permabear. Nothing could be further from the truth. The Fleckmeister knows a long when he sees one. Way back when most people thought of semis as large trailer trucks, he was buying AMAT, INTC, etc. with both hands. He was also bullish on silver at less than $5. Keep up with him on Contrarian Chronicles or on his own site.

StanWeinstein.pngStan Weinstein: is best known for his classic book Secrets for Profiting in Bull and Bear Markets. But he also had a retail advisory service (now discontinued) called the Professional Tape Reader. Now Stan’s advice is exclusive to institutions (or whoever wants to pony up $40,000 a year) and has been renamed the Global Trend Alert. Here’s a sample from last year (large pdf file).

MikeWekerle.pngMike Wekerle: According to Report on Business magazine, “the Wek” is simply the best trader on Bay Street. He is one of the top executives at GMP Capital and specializes in liability trading (helping large institutions get out of positions when there are no other buyers). Mike is also reknown for his ability to recall vast amounts of detailed information regarding trades and deals - both past and in progress.

Know of other financial Samsons out there? Drop a comment and let me know.

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6 Responses to “The Ultimate Trading Secret”  

  1. 1 C. Maoxian

    Mark Mobius springs to mind.

  2. 2 C. Maoxian

    I read the sample from Weinstein you posted. He can charge $40,000 for that? Run moving average and relative performance screens for the SP500 and some other stuff (”secondaries”), classify it as 1, 2, 3, 4 and charge that much money? Crazy.

    His prose is worth paying top dollar for though: “If you religiously stick with this game plan and remain in gear with us, we feel confident that you’ll continue to do quite well….” ;-)

  3. 3 Lawrence

    haha..nice post Babak

  4. 4 Babak

    CM, Mobius is a fundymentalist investor, not a trader. Maybe that’s why he’s pulled all his hair out? ;)

    Lawrence, glad you liked it :)

  5. 5 Tim

    Haha, the only logical reason of course, you can add Tom Sosnoff to that list (president of thinkorswim) and I can name about 10 more from the floor of the pits, haha. Great post.

  1. 1 Traden mit Plan » Dies und Das

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