World’s Greatest Trader : Paul Tudor Jones Trading Daily Routine

#Paul #Tudor #Jones #Trading

 

Paul Tudor Jones II (born September 28, 1954) is an American #investor, #hedgefund #manager, and philanthropist. In 1980, he founded his hedge fund, Tudor Investment Corporation, an #asset #management firm headquartered in Greenwich, Connecticut. Soon after, he created the Tudor #Group, a hedge fund holding company that specializes in #fixed #income, #currencies, #equities, and #commodities.

Jones founded Tudor Investment Corporation, an asset management firm headquartered in Greenwich, Connecticut. The Tudor Group, consisting of Tudor Investment Corporation and its affiliates, is involved in #active #trading, #investing, and research in assets across fixed income, currencies, equities, and commodities asset classes and related derivative and other instruments in the #global #markets for an international clientele. The investment strategies of the Tudor Group include, among others, discretionary global macro, quantitative global #macro (managed #futures), #discretionary equity long/short, #quantitative equity market neutral and #growth equity.

#World’s #Top #Traders

Jones futures #trading #style and #beliefs are summarized as follows:

 

  1. Contrarian attempt to buy and sell turning points. Keeps trying the single trade idea until he changes his mind, fundamentally. Otherwise, he keeps cutting his position size down. Then he trades the smallest amount when his trading is at its worst.
  2. Considers himself as a #premier #market #opportunist. When he develops an idea, he pursues it from a very-low-risk standpoint until he has been proven wrong repeatedly, or until he changes his viewpoint.
  3. #Swing #trader, the best #money is made at the market turns. Has missed a lot of meat in the middle, but catches a lot of #tops and #bottoms.
  4. He has mental #stops. If it hits that number, he is out no matter what. He uses not only price stops, but time stops.
  5. Monitors the whole #portfolio #equity (risk) in real time.
  6. He believes #prices move first and #fundamentals come second.
  7. He doesn’t care about mistakes made three seconds ago, but what he is going to do from the next moment on.
  8. Don’t be a #hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead.

 

Paul Tudor Jones #Daily #Routine

Paul Tudor Jones is known as one of the #greatest #traders of recent times. He founded Tudor Investment Corporation and also founded the Robin Hood Foundation which focuses on poverty reduction. He was estimated to have a #networth of US$4.3 billion by #Forbes Magazine. Spends his day making himself #happy and #relaxed. Gets out of a losing position that is making him uncomfortable. Nothing’s better than a fresh start. Key is to play great defense, not great offense. Never average losers. Decreases his trading size when he is doing poorly, increase when he is trading well.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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