Turtle Traders Strategy
The legendary Turtle traders were a group of aspiring traders chosen through a job ad and interviews to be personally mentored by multi-millionaire Market Wizards.
Financial economics is a branch of economics that analyzes the use and distribution of resources in markets. Financial decisions must often take into account future events, whether those be related to individual stocks, portfolios, or the market as a whole.
The legendary Turtle traders were a group of aspiring traders chosen through a job ad and interviews to be personally mentored by multi-millionaire Market Wizards.
An investment is buying an asset with intrinsic value that has cash flow and/or physical asset value. Speculating is buying something in an expectation of future price appreciation based on the belief that price will go higher based on others buying it or it becoming valuable or creating cash flow in the future.
As an investor, you dedicate your hard-earned money to one or multiple financial schemes, property, commercial ventures, or shares, expecting to achieve a profit or an increase in value over time.
A wedge pattern generally forms and moves in the opposite direction of the longer-term trend on a chart and shows a short-term reversal that usually fails and the previous trend resumes.
Alpha (α) is used in investing as a measure of performance of returns of an investment or investor returns that are higher than a relative benchmark index. Alpha is the term used in investing to describe an investment strategy’s ability to beat the average market returns with an edge. Alpha refers to excess return or abnormal rate of return is in contrast to the academic theory that markets are efficient and no way to beat them consistently.
Technical analysis can help a trader to analyze the market and find trading setups to trade.
Using technical analysis to study the price charts of any financial market can offer traders both buying and shorting signals.
Understand the various phases of the market cycle, so as to avoid market bubbles and make the best possible investments.
Reversal candlestick patterns are the formation of multiple candles which signal the potential end of the current directional swing or trend in price to the opposite direction. When these patterns occur during a downtrend, it signals a bullish reversal and buyers taking control bidding up price. When these patterns occur during an uptrend, it signals a bearish reversal and sellers taking control bidding down price.
Michael Burry is a famous investor that made his fortune shorting the housing market in 2007-2008 using derivatives. He manages Scion Asset Management, LLC. He’s a deep value investor looking for stocks below fundamental company value. He will also sell short stocks that are fundamentally far too high based on intrinsic current and future company value.
Investors must focus like a laser on only their very best ideas while traders must focus on the best systems and trades that fit their own personality. Ignore what doesn’t matter and focus on what does.