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by Robert Perrego   Greek Crisis Enron Fraud - Charts vs. Analysts
 
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Rob Perrego

Who is Robert Perrego?

When WorldCo's Wall Street traders needed to know how to read a stock chart, they went to Robert Perrego.

Robert Perrego was a Managing Director and a Proprietary Equity Trader at WorldCo LLC for five years. Using Technical Analysis and Chart Reading techniques, Robert profitably traded over 100 million shares of stock worth billions of dollars for his personal account.

Robert delivered weekly lectures on Technical Analysis for WorldCo's other traders. The tapes of these lectures became required viewing for all new traders at the firm. These videos inspired the creation of the educational package now being sold at StockTradingCards.com.

Robert's Full Bio

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Trading and Baseball - 1 for 3 and 3 to 1

The average professional baseball player today hits under .250 and still gets paid.  The best hitters each year in baseball can hit above .333 and they get paid a lot.  I read a series of books called ‘Market Wizards’ and in every book there are interviews with the hottest traders from different time periods.  The one principle that was consistent among all the great traders in the different books was “hit 1 out of 3, let your winners run and cut your losers.”   Now this may not come as any surprise for some experienced traders out there, but sometimes when you forget it, you are not as good a trader.


If you are going to trade a longer time horizon (investing), your loss tolerance loosens up to smooth out market gyrations but this means you have to let your winners run farther.  If you allow your losses to be a larger percentage, then your expected winners have to achieve a minimum of two times your stop loss tolerance to break even.  Anything above this 2x loss for returns on your winners and you get paid.  Hit one in three and hit for three times your loss tolerance and you get paid a lot.


Hit .333 in baseball for a career and you can hang with the likes of Albert Pujols (.334) and Ichiro Suzuki (.333), two hitters who are on their way to Cooperstown.  Hit .333 in trading/investing while cutting your losses and you are on your way to a comfortable retirement and maybe that new Ferrari.

 

 

 

 

 

 

 

 

 
 

 

 

 

 
 

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