Posts Tagged ‘ improvement ’

What a Star Fund Manager Can Teach Us About Improvement

Dec 9th, 2012 | By | Category: Bruce Bower, General Comments, Guest Blog, Trader Development, Trading Lesson
  Imagine that a star fund manager, with nearly a decade of stunning results, decides to completely retool the way that he does things. Would you think that he’s crazy? Would you call him a has-been? Or would you draw a different, more instructive lesson—that this is the reason why he’s stayed a top fund manager? The FT recently ran a story about Pierre Lagrange, a well-known and extremely successful hedge fund manager in London. Famously the “L” of the prestigious fund GLG, he runs a $2 billion long/short equities fund. He admits to being stung by the 2008 crisis, in which his fund fell nearly 20%. For a long/short fund which is supposed to deliver smooth and generally Read more [...]

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Trying Too Hard

May 19th, 2009 | By | Category: General Comments
Today was one of my better days in the last week. This was not a coincidence as the stock I was trading was very in play and I was respecting the levels. My recent trading struggles have been all self-inflicted. Let's discuss. It all started with COF. COF issued their secondary offering and underwriters were trying to support the stock at that price(27.75). With COF, I was simply trying too hard. When I try too hard I take bigger size and I do not trade into my position. When this happens I am taking on more risk than I should and am not able to handle the small ticks against my price. After getting ripped up in COF, I then shorted MGM below 10.75, an important level from earnings. Trying Read more [...]

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