george soros & the commodities

8/8/2019 George Soros & the Commodities

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Greats & Great ReadsGreats & Great ReadsGeorge Soros & the CommoditiesGeorge Soros & the Commodities

Corp. GangCorp. Gang



Over viewOver view

George Soros & Stanley Druckenmiller George Soros & Stanley Druckenmiller

The Commodities Corp. GangThe Commodities Corp. Gang

Martin Schwartz: The Champion Trader Martin Schwartz: The Champion Trader Ed Seykota & the Trading TribeEd Seykota & the Trading Tribe

Michael MarcusMichael Marcus

Bruce Kovner Bruce Kovner

Paul Tudor Jones IIPaul Tudor Jones II



George SorosGeorge Soros

Born: Aug. 12, 1930 in HungaryBorn: Aug. 12, 1930 in Hungary

Manager of the Quantum FundManager of the Quantum Fund

Open Society InstituteOpen Society Institute

Macro trader extraordinaireMacro trader extraordinaire British Pound coup in 1992British Pound coup in 1992

³It is not whether you are right or ³It is not whether you are right or wrong that's important, but howwrong that's important, but howmuch money you make when you'remuch money you make when you'reright and how much you lose whenright and how much you lose whenyou're wrong´you're wrong´



Stanley Druckenmiller Stanley Druckenmiller

Former right handFormer right handman of George Sorosman of George Soros

142 on the Forbes list142 on the Forbes list

³It takes courage to³It takes courage tobe a pig.´be a pig.´

³Just keep hitting³Just keep hitting

homeruns &homeruns &preser ving capital´preser ving capital´



The Alchemy of FinanceThe Alchemy of Finance

By George SorosBy George Soros

MacroeconomicMacroeconomicanalysis bibleanalysis bible



Market Wizards´Market Wizards´

Also, the ³New Market Also, the ³New MarketWizards´ and ³StockWizards´ and ³StockMarket Wizards´Market Wizards´

By Jack Schwager By Jack Schwager

Inter views with TopInter views with TopTradersTraders



Commodities Corp.Commodities Corp.

Founded in 1969 by Amos Hostetter Founded in 1969 by Amos Hostetter

³They are free to trade any way they want,³They are free to trade any way they want,

and to come and go as they please.´and to come and go as they please.´ ³Any theory is good as long as it makes³Any theory is good as long as it makes

money´money´

³Never bucked a trend in prices´³Never bucked a trend in prices´

"Never mind the cheese«.let me out of "Never mind the cheese«.let me out of the trap."the trap."



And these are their stories«.. And these are their stories«..



Marty Schwartz:Marty Schwartz:

The Champion Trader The Champion Trader $40, 000 to $20M with never more$40, 000 to $20M with never more

than 3% drawdown.than 3% drawdown.

³Not to go against the moving³Not to go against the moving

averages, it¶s self averages, it¶s self--destructive´destructive´ ³Know the amount you are willing³Know the amount you are willing

to lose´to lose´

³Don¶t break the rules´³Don¶t break the rules´

³The most important thing is³The most important thing ismoney management,money management,money management,money management,money management.´money management.´

³Let your gains run´³Let your gains run´



Pit BullPit Bull

Pit Bull: Lessons fromPit Bull: Lessons fromWall Street¶sWall Street¶sChampion Day Trader Champion Day Trader

By Marty SchwartzBy Marty Schwartz With actual tradingWith actual trading

tips and lessons~!!tips and lessons~!!



Ed Seykota & the Trading TribeEd Seykota & the Trading Tribe

250 000% return in 16250 000% return in 16years (µ70s ~ µ80s)years (µ70s ~ µ80s)

79% annualized79% annualized ± ±

60% after fees (µ90s)60% after fees (µ90s) ³Everybody gets what³Everybody gets what

they want out of thethey want out of themarket´market´

Trend follower Trend follower Math & Psychology Math & Psychology

www.seykota.comwww.seykota.com



The Trading TribeThe Trading Tribe

www.seykota.comwww.seykota.com

³To avoid whipsaw losses, stop trading´³To avoid whipsaw losses, stop trading´

³It can be very expensive to try to convince³It can be very expensive to try to convincethe markets you are right.´the markets you are right.´

The Toronto Tribe: Jason RussellThe Toronto Tribe: Jason Russell

[email protected] [email protected] But now, to a book, then his bestBut now, to a book, then his best

student«.student«.



Trend FollowingTrend Following

Trend Following: How GreatTrend Following: How GreatTraders Make Millions in UpTraders Make Millions in Upor Down Marketsor Down Markets

By Michael CovelBy Michael Covel

Endorsed by Ed SeykotaEndorsed by Ed Seykota

How to become the owner of the Redsox~!!How to become the owner of the Redsox~!!



Commodities Corp.Commodities Corp.

Michael MarcusMichael Marcus John Hopkins grad, at the top of his class.John Hopkins grad, at the top of his class.

Student of Ed SeykotaStudent of Ed Seykota

Formerly the largest futures trader in the USFormerly the largest futures trader in the US

³Cutting down the number of trades you make´³Cutting down the number of trades you make´

³The best trades are the ones in which you have³The best trades are the ones in which you haveall 3 things going for you´all 3 things going for you´

FundamentalsFundamentals TechnicalsTechnicals

Market ToneMarket Tone



Bruce Kovner Bruce Kovner 106 on the Forbes list106 on the Forbes list

Har vard Poli Sci. Prof.Har vard Poli Sci. Prof.

³Place my stop..that³Place my stop..thatis too far or toois too far or toodifficult to reachdifficult to reacheasily´easily´

³If you personalize³If you personalizeyour losses, you can¶tyour losses, you can¶t

trade.trade.

³The price for a market on any given day is the³The price for a market on any given day is thecorrect price, then I try to figure out whatcorrect price, then I try to figure out whatchanges are occurring that will alter that price.´changes are occurring that will alter that price.´



John MurphyJohn Murphy

Former head of researchFormer head of researchat Merrill Lynchat Merrill Lynch

³Technical Analysis of the³Technical Analysis of the

Financial Markets´Financial Markets´

³Intermarket Analysis´³Intermarket Analysis´

Bond to currency toBond to currency tocommodities to stock.commodities to stock.



Paul Tudor JonesPaul Tudor Jones

Left Comm. Corp. at 1980Left Comm. Corp. at 1980

5 straight years of 100%+5 straight years of 100%+

Never had a down year .Never had a down year .

30% annually30% annually

³Don¶t be a hero. Don¶t³Don¶t be a hero. Don¶thave an ego.´have an ego.´

³Don¶t EVER average³Don¶t EVER averagelosers´losers´

³Decrease your trading³Decrease your tradingvolume when you arevolume when you aretrading poorly´trading poorly´

³Always thinking about³Always thinking about

losing money as opposedlosing money as opposedto making money.´to making money.´



What the Wizards Read«What the Wizards Read«

Reminiscence of a StockReminiscence of a StockOperator Operator

By Edwin Lef vreBy Edwin Lef vre

The story of Jesse LivermoreThe story of Jesse Livermore

Frank discussion of hisFrank discussion of hisinvestment methodsinvestment methods

Author followed Livermore Author followed Livermorearound for 3 yearsaround for 3 years

So who is Livermore«So who is Livermore« Greatest investor in the earlyGreatest investor in the early

20th century20th century ³The Great Bear of Wall Street´³The Great Bear of Wall Street´

Netted $100 million at the dayNetted $100 million at the dayof the 1929 crash.of the 1929 crash.



SummarySummary

Don¶t predict the futureDon¶t predict the future

But do react quicklyBut do react quickly

Cut your lossesCut your lossesOnly make the good tradesOnly make the good trades



Any Questions ~ ??? Any Questions ~ ???

george soros & the commodities

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