WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 3
“Since 2003, I have traded the financial markets with my
own capital using self-developed, quant-based strategies. The more I have
learned and observed as a full time trader, educator and participant in the
trading industry, the more motivated I have become to correct the gross and
dangerous misinformation bombarding today’s active investors.” –
Scott Andrews
Name: Andreas Halvorsen
Year of birth: About 1961
Nationality: Norwegian/American
Occupation: Hedge fund executive
ONE OF THE BEST
PERFORMING TRADERS
Andreas was born in Norway. He graduated from the Norwegian
Naval Academy and became a leader of a Norwegian SEAL team. He also earned a BA
in 1986, from Williams College and later earned his MBA from Stanford
University School of Business in 1990.
He served under Julian Robertson (the father of hedge
funds), working at Tiger Fund Management and attaining a senior position. After
leaving Tiger, he co-founded Viking Global Investors LP in 1999; a hugely
successful funds management firm. Andreas is often referred to as one of the
best fund managers in the world.
In the year 2012, the firm was managing about $16.7 billion.
Later the firm was managing more than $30 billion – a testimony to strong
performances and reliability of the firm. Andreas has been mentioned as one of
the highest earning fund managers, placing 11th in Forbes' 2012 rankings and
9th in 2015, according to Institutional Investor's Alpha.
As of October 2015, Andreas was worth $2.8 billion. He’s
married to Diane: They’ve three children and live in Darien, Connecticut, USA.
What You Need to
Know:
- Certain persons joined trading
companies that once performed very well and later went kaput. As a result
of that, they swore to never have anything to do with trading again.
Andreas is different. He once worked at Tiger Fund Management, which
performed very well in the first several years and later suffered heavy
losses. Andreas left Tiger and co-founded another trading firm - Viking
Global Investors – which is now hugely successful. If you were Andreas,
you’d possibly never trade again after witnessing what happened to Tiger.
However, you might now covet his $2.8 billion USD net worth. Any lesson?
No matter what your trading experience is, NEVER give up!
- The Viking Global Equities made
roughly 23% returns in 2013. Like Andreas, there are super/master traders.
In the year 2014, a smaller of the firm’s funds generated about 38.4%.
There are talented traders. There are profitable traders. There are many
of them in this world. They faced the same challenges you’re now facing.
You can overcome your trading challenges; just as they did. You can become
a super/master trader, talented and profitable trader. Trading mastery is
already within you.
- Since its start in 1999, Viking
Global Investors has made a profit of about 22% per annum, but not without
occasional losses. According to one source, the fund was making losses
from September 2001 to March 2002, when the portfolio was down 12%. Was
that another reason to quit trading? No! The fund has been hugely
successful overall. You can have some losing weeks, months (even years),
but you should be successful overall. Transitory losses should never
discourage you.
Conclusion: When
you risk about 3% – 8% of your account per trade, thus facing the consequences.
Experience will later force you to reduce the risk per trade. Later, you’d even
reduce the risk further. Experience is the best teacher.
The quote below ends this article:
“You can always make money back when you’ve lost it.” – James Altucher
Source: www.tallinex.com
What Super Traders
Don’t Want You To Know: Super Traders
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