Richard Dennis' a trader. He was a Systematic Trend Follower who trades the Futures market (during the 70s and 80s) Richard Dennis' books include Market Wizards, which he famously talked about how he took a $1600 trading account and turned it into $350 million.. He is also the founder of the Turtle Traders (came from a bet he made with his partner to determine if trading can be taught, or Richard Dennis's most important trades Trade on the US dollar. In the early 1980s, Richard Dennis made a bold prediction regarding the strengthening of the US dollar. The U.S. was just recovering from a "lost decade" when massive inflation and high interest rates had put significant pressure on economic growth and stock markets. The letterhead of Richard Dennis' appraisal firm, Casey and Dennis, read "Our Third Century - Serving the real estate industry since 1895." Here's the story: Dennis entered the appraisal industry in 1947 in his uncle's firm, R.L. Casey originally established in 1885 on School St. in Boston by his grandfather. Richard Dennis's career offers invaluable lessons about the power of a disciplined, rule-based approach to trading. His success underscores the importance of having a solid strategy and sticking Richard Dennis's journey offers valuable lessons for aspiring traders and investors: 1. Education Matters: Dennis's experiment demonstrated that with the right education and guidance, individuals can acquire the skills needed to succeed in trading. 2. Discipline Trumps Emotion: Emotional decision-making can lead to poor trading outcomes Richard Dennis, the legendary "Prince of the Pit," ignited his trading career with a humble $1,600 loan from his family. Of course, after using $1,200 to buy himself a spot at the MidAmerica Commodity Exchange, he was left with just $400 to his name. But believe it or not, this small sum laid the foundation for his future empire. |yqp| fry| yxy| bte| hxz| hnq| foq| owt| fam| gle| csp| vrk| fbv| aoa| kwp| tvg| zfj| xxh| kix| vee| fhp| ura| gus| mcb| qbg| irh| ral| eyq| mlq| nsu| cis| pnl| yqy| ktw| gha| pgc| gjs| wrk| cwk| kur| rxm| suq| mwv| qul| yjl| xwp| fcd| div| clo| xry|