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PUBLIC SERVICE ANNOUNCEMENT (PSA) / INTERVIEW / VALUED ARTICLES |
LINK / DOCUMENT |
| The New York Times |
By Louise Story
Wednesday, March 25, 2009
Provided by: THE NEW YORK TIMES
Top Hedge Fund Managers Do Well in a Down Year
The financial crisis may have turned much of Wall Street's wealth
into dross, but a select group of hedge fund managers has
managed to maintain a golden touch that might make King Midas
blush.
As major markets and economies careened downward last year,
25 top managers reaped a total of $11.6 billion in pay by trading
above the pain in the markets, according to an annual ranking of
top hedge fund earners by Institutional Investor's Alpha
magazine, which comes out Wednesday.
James H. Simons, a former math professor who has made billions year after year for the hedge fund Renaissance Technologies, earned $2.5 billion running computer-driven trading strategies. John A. Paulson, who rode to riches by betting against the housing market, came in second with reported gains of $2 billion. And George Soros, also a perennial name on the rich list of secretive moneymakers, pulled in $1.1 billion. More>>
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| Trader's magazine |
TRADERS´ Interview. PETER ZWAG." System-Power Down Under"
TRADERS´: What did you think about trading before you got involved?
Peter Zwag: I knew nothing. I looked at some charts 10 years earlier
and couldn’t spot any patterns, so I gave up.
TRADERS´: What enticed you to start trading?
Zwag: Trading has great potential to make lots of money. It also frees
you from the dollar for time rat race. Any other professional activity
had a firm ceiling on my income. My wife and I wanted a passive
income. A friend, who had been trading for a while, said it was easy,
and he was going to teach me. Elliott Wave Theory was the magic
solution.
TRADERS´: Were you successful at the beginning?
Zwag: If we had done the opposite of what the Elliott Wave theorists
said, we would have made some good money. It felt like we tried
everything. Some things worked, but getting up at 1:30 am to look at
charts was not a family friendly option, and it was even worse staying
up the entire night, only to lose money. You have got to remember
that most people lose money trading, so if you are doing what
everyone else does, you are going to lose. You can only have success
with a fairly unique system or concept. More>> |
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| Collective2 |
Interview. MACIEJ GOLINSKI. This 36-year-old has created one of the most successful futures trading systems on Collective2, Have Fun.
In this free-wheeling interview, conducted on June 20, 2008, Maciej talks about his philosophy of trading-system design, gives advice to system developers and subscribers on C2, and finally offers to buy other C2 users a drink.
Q: All right, Maciej, Im going to ask the banal question you dread. Why did you name your trading system Have Fun? Since when is trading... fun?
A: Trading is tough. If you e going to remain a trader for long, you must enjoy yourself. Otherwise, why bother? Combine that philosophy with my other basic rule of trading -- that simplicity is better than complexity -- and you can see how I came up with the name.
Q: Tell us about the algorithm behind your system. Do you use a set of indicators? If so, which ones? More>>
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