Unveiling the Secrets of Market Winners
Understanding market winners who don't trade. How to verify profitable traders without asking earnings. Importance of diversifying investment strategies.
00:00:26 A discussion about trading and the misconception that market winners don't trade. Explaining how I got to know market winners and how they are certified.
🔑 Market winners are not necessarily traders, but they possess valuable knowledge about the market.
🌟 The title may be misleading and lead to misconceptions about market winners.
📚 The speaker recommends reading financial books and gaining personal trading experience to validate trading strategies.
🔍 The speaker explains how they entered the circle of market winners and how these winners are recognized.
00:02:48 Discovering and verifying profitable traders without directly asking their earnings or accessing their statements. Understanding the differences between subjective and algorithmic trading winners.
🏆 There are profitable traders in the market who cannot be certified directly.
💻 Algorithmic traders have similar trading capabilities whether they trade in VIP rooms or at home.
📚 The speaker's life changed after reading a book on trading strategies.
00:05:12 A chairman hires multiple traders to manage his company's funds, including his own. The chairman only allocates his funds to the traders, making him the real winner.
🔑 The video discusses how the chairman of a company, who is also an entrepreneur, hires traders to manage his personal and company funds, making him a successful trader without actively trading.
💼 The chairman allocates his funds to multiple traders, including the speaker, who has the lowest performance among them with an annual return of 30%, compared to a target of 60-70%.
👥 By getting to know successful traders, the speaker realizes the opportunity to learn from and connect with traders who are more skilled and successful.
00:07:35 To know winners, you must be a winner yourself. Taiwan lacks an environment for successful traders. The chairman doesn't trade but has employees who manage his funds.
🏆 In order to know winners, you must first become a winner yourself.
💼 Financial traders have a high social status in Western countries, but in Taiwan, they are often seen as gamblers.
🏡 Many successful traders in Taiwan work from home instead of having a traditional office job.
00:09:57 Understanding the winners: Do 10 employees mean 10 traders? Why I focus on forex trading, the challenges, and the rewards. Avoiding scams and learning from successful investors.
💼 In the field of finance, a successful investor does not personally execute trades, but employs multiple traders.
🤝 These traders compete with each other and compare their performance, operating in various investment fields such as real estate, stocks, forex, and futures.
📈 While the Chairman invests in a wide range of assets, it is noted that forex margin trading is viewed as a difficult and less profitable option by most successful investors.
00:12:21 The video discusses two successful individuals in the trading industry, one known for publishing a book and having a popular YouTube channel, and the other known for his expertise in options trading. The speaker recommends their content and emphasizes the importance of diversifying investment strategies.
📚 One of the key winners in trading is a person who has published a book on day trading secrets.
👥 Another winner in the options market is a well-known trader with over 20 years of experience and has written a book on options day trading.
💼 The concept of portfolio management and allocating funds to different trading strategies is important in achieving success in trading.
00:14:46 Learn how to manage your investments effectively and allocate funds based on performance. Apply the same principles as running a successful company.
💼 Proper allocation of funds is crucial in investment portfolio management, just like assigning the right people to the right positions in a company.
💰 Good performance should be rewarded with increased funding, while poor performance should be either penalized or removed from the strategy.
📈 Applying the right strategies to the right assets or commodities leads to improved performance and the possibility of using leverage.
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