WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 8
“Try not to do something just because everyone else is
doing it. Successful traders are rare. If the crowd is doing it, watch out!” - Andy Jordan
Name: Alan Howard
Date of birth: September 11, 1963
Nationality: British
Occupation: Hedge fund manager and philanthropist
GIVING BACK TO THE
SOCIETY
Alan was born in UK, to a Jewish family. He attended
Imperial College London, bagging an MSc. He then began working in the financial
industry.
He co-founded Brevan Howard Asset Management LLP. In the
year 2014, Forbes named Alan one of the 40 highest-earning hedge fund managers.
In the same year, he was mentioned in the 53rd rank of the Sunday Times Rich
List. This is a proof that the fund management company he co-founded has been
successful. As of April 2015, Alan was worth GBP £1.5 billion.
One source reveals that Alan serves in other capacities like
on the New York Federal Reserve's Investor Advisory Committee on Financial
Markets and is one of a group of financial managers who on occasion advise New
York Federal Reserve officials on economic policy. He’s also engaged in various
charitable foundations that support Jewish causes and other needs.
He was a former director of the Conservative Friends of
Israel. Alan is married to Sabine Howard and they’re blessed with 4 children.
He lives in Geneva, Switzerland.
What You Need to
Know:
- Alan is a
self-made billionaire. He wasn’t born a billionaire. You might not have
been born with a sliver spoon, but you can attain you goal of financial
freedom. Alan made his money from the markets, and you can too (though you
might not be as rich as him).
- No matter how
good you’re, you’ll have losing weeks or month. Alan’s Brevan Howard Asset
Management had a losing year in 2014, which made the firm forfeit some of
its funds. As long as you are able
to survive losing weeks, months or years, you’d be fine.
- Veteran
speculators often open more positions than neophytes; for veteran speculators
follow most of their trading signals religiously while neophytes shrink
from fear of opening trades that might turn out to be losers. The criteria
being considered by each camp differ, since veteran speculators aren’t
swayed by noises. Neophytes open
big positions relative to their portfolios, whereas veteran speculators
use prudent volume sizes. Although, veteran speculators open more
positions than neophytes, their risk is remarkably less per position. This
fact is in harmony with the notion that that equity fluctuations and
market impacts are more telling on neophytes’ portfolios.
This article is concluded with a quote from Charles
Sizemore:
“…My style is not right for everyone. Other people try to
invest the way I do and fail, just as I often fail when I get outside of my
areas of expertise and try a style that is not suited for me.”
Source: www.tallinex.com
What Super Traders Don’t Want You To Know: http://www.advfnbooks.com/books/supertraders/index.html
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