180: Larry Hite – Reflection on Markets & Life—With a Man Who’s Had Vast Financial Success

180: Larry Hite – Reflection on Markets & Life—With a Man Who’s Had Vast Financial Success

There’s no other way to say it; Larry Hite is the definition of a market veteran, he’s someone who first developed an interest for trading and markets during the 60’s… Besides a reputation for extreme risk management, Larry is perhaps best known as co-founding Mint Investments—a hedge fund formed in 1981. He’s also considered to be one of the forefathers of trading systems and a pioneer of trend following. By 1988, Mint achieved an average annual compounded return of over 30%—it’s best year being 60% (in 1987, the year of the stock market crash) and it’s worst year up 13%. By 1990, Mint was the world’s largest hedge fund at the time, with $1-billion of assets under management. It was also around this time, that Mint’s performance caught the attention of Jack Schwager, as Larry was profiled and interviewed in the first book of the best-selling Market Wizards series. Now almost 30-years on, Larry has written a book of his own titled The Rule. It reflects on life experiences, trading lessons, and pretty much, how the most unlikely kid in the classroom went on to generate a significant personal fortune. During this episode, Larry and I discuss trading, risk philosophy and probability, life and memorable moments, and Larry’s work as a philanthropist too. Learn more about your ad choices. Visit megaphone.fm/adchoices

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019: Stuart McPhee – How to Form the Basis of a Solid Trading Plan—and Follow it With Absolute Discipline

019: Stuart McPhee – How to Form the Basis of a Solid Trading Plan—and Follow it With Absolute Discipline

I’m not sure how it happened, but this interview somehow slipped through the cracks. I actually had the conversation with this weeks guest around November last year (2014), and it’s been tucked away i...

7 Maj 201541min

018: John Welsh – Giving Weight to Fundamentals & News, Plus the Advantage of Focusing on a Single Sector

018: John Welsh – Giving Weight to Fundamentals & News, Plus the Advantage of Focusing on a Single Sector

This weeks guest is a little different to many of the guests I’ve had on in the past. Instead of giving very little weight to fundamentals and news releases, these two things actually form the foundat...

29 Apr 201538min

017: Jason Leavitt – Swing Trading For a Large Chunk of Major Trends, Plus One Common Trait of Million Dollar Traders

017: Jason Leavitt – Swing Trading For a Large Chunk of Major Trends, Plus One Common Trait of Million Dollar Traders

Like many who get into trading, Jason had no formal education in the field. Actually, prior to trading full time he was waiting tables in a restaurant and bartending. This is where he began swing trad...

23 Apr 201556min

016: Tim Biggam – Tales From the Pit, Generating Trade Ideas, and a Lesson in Position Sizing

016: Tim Biggam – Tales From the Pit, Generating Trade Ideas, and a Lesson in Position Sizing

It’s almost unfathomable to think that there was a time when it would take a couple minutes to execute an order. And now days we have traders taking extreme measures, just to get filled a nanosecond q...

16 Apr 201548min

015: Joel Kruger – How to Use Leverage in Forex Markets for Your Best Chance of Survival

015: Joel Kruger – How to Use Leverage in Forex Markets for Your Best Chance of Survival

Joel Kruger has been involved with foreign exchange since the very beginning of his career in investment banking as a currency strategist. This was after he came to the realization that he wasn’t cut ...

9 Apr 201553min

014: Ilan Azbel – Below the Surface of Algorithmic Trading, and Why You Must Understand the Game From a Macro Perspective

014: Ilan Azbel – Below the Surface of Algorithmic Trading, and Why You Must Understand the Game From a Macro Perspective

With an involvement in trading since his early twenties, and a background in mathematics and computer programming, it was a natural progression that this weeks guest would adapt a completely algorithm...

2 Apr 201547min

013: Lance Beggs – Adapting the Mindset of Trapped Market Participants—and Profiting From Fear

013: Lance Beggs – Adapting the Mindset of Trapped Market Participants—and Profiting From Fear

Let me introduce you to, Lance Beggs - a price action trader that is a little different to most... While he relies on technicals to a certain degree, his edge comes from the ability to adapt the mind...

26 Mars 201553min

012: Adam Ryan – Game-Changing Lessons that Propelled Trading Success, and How to Crush Your Goals This Year

012: Adam Ryan – Game-Changing Lessons that Propelled Trading Success, and How to Crush Your Goals This Year

Just like the majority of those who make it, Adam will not hesitate to tell you, he was no overnight success. He went through the same struggles and faced the same challenges that many of us can relat...

19 Mars 201542min

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