Leaked Video - Paul Tudor Jones- Trading Documentary

August 30, 2009 by FXChris

Back in 1987 PBS apparently ran a special series on Traders. I am unsure how many entries were in this series, if anyone has that information by all means please share it. One of these entries, however, I had heard about a couple of years ago but could not find the video anywhere on the net, it was as it had just vanished. It is just about an hour long video of a couple of trading days in the life of Paul Tudor Jones.

Wikipedia entry - http://en.wikipedia.org/wiki/Paul_Tudor_Jones
Forbes 400 Richest - http://www.forbes.com/lists/2008/54/400list08_Paul-Tudor-Jones-II_L6IH.html

Paul is a very successful Hedge fund manager. He trades Stocks, Forex, Futures, Commodities, you name it. He made $750 million in 2006, and predicted the 1987 stock market crash as you will see a little bit of in the video. He was also featured in Jack Swager's book Market Wizards: Interviews with Top Traders, which is a wonderful book of interviews of successful traders.

This video has recently popped back up on the web, which I thank fellow trader Darko for bringing to my attention. Instead of linking you an outside source for the video, I chose to host it myself here at SmartPip.com, should it ever try and vanish from the internet again.

This video is a wonderful insight of the trader's mindset that many do not ever get to see. Sure it is old news now, but the same intuition and emotions that you see him deal with in this video are still extremely relevant in today's trading environment. If you are a trader or working on becoming one, I highly recommend you watch this in it's entirety.

I truly hope you enjoy this video as I did, grab a cup of java, and watch it as much as you like, just click the picture of Paul to head to the video. I love the "Losers Average Losers" comment on his wall here by the way. If you like this video, please take a moment to leave any quick comment here on the blog. Thanks =)

Watch Video

ps. Take note that in one part of the video Paul talks about helping inner city children get into college. With a little research I found very recent talk that Paul gave where he discusses how that worked out. He calls it the Perfect Failure. If you wish to read this, please look for the PDF link right under the video, or just click the PDF logo if you have already seen the video.

Please share this link via your Facebook, Twitter etc., so that other traders can possibly benefit from Paul's video.

A Message From the Forex Trader's Wife...

August 22, 2009 by FXWife

To start, as a FOREX Trader’s Wife I will be so bold as to speak for all those who fall into my category; those who are the husband, wife, partner or significant other of a FOREX Trader, or stocks/options trader as well. This message could really come from anyone who has intimate knowledge, of who you are, someone who is personally invested in your life and well being. This message may seem simple, and easily dismissed; but, it is very important for you to understand. So here is to hoping that you are both open and receptive to what we are about to say to you.

WE KNOW MORE THAN YOU THINK WE DO !

Admittedly, we are clueless, for the most part, when we look at all those fancy charts of yours. No, we may not know exactly what a Bollinger band is, or the importance of a stochastic cross. Nor could we possibly fully embrace the elation felt when seeing a carefully planned, successfully executed trade run to its fullest potential without drawbacks; also, it is beyond our scope of understanding to clearly empathize with the horror of knowing that our capital account has just taken a severe hit due to our inability to let go of a trade that has clearly gone to hell in a hand basket. However, what we do know is you, both inside and out. The good, the bad, and the ugly, we are intimately in tune with who you are; and we are able to read those small non verbal cues that let us know what you are experiencing.

YOU ARE NOT IN THIS ALONE!

Seriously, do you think the weight of the entire world is on your shoulders alone? We are in this with you, so have a bit of consideration and communicate with us. We know when you are having a great trading day; more importantly, we know when you are having a bad trading day. Honestly, it is no secret when things are going poorly for you in the market, so if we come to you and offer you a word of encouragement, or support don’t go dismissing us arbitrarily, it may be just what you need in that moment of self loathing and self doubt. Every now and then we understand the importance of a strong dose of confidence boosting and how it can help to realign you with yourself and your positive attitude. Conversely, we also know when it is time for a good swat on the back of the head to bring you back down off that cloud your floating on. That is our job; we are here for support and understanding; as well as harsh truth and straight talk.

SO HOW ABOUT A LITTLE TRUST ?

Trust that we are not going to judge you when you mess up; also, trust that we know when the time has come for you to step away, and heed our advice and step away. Trust that we will be open to your need of reinvestment capital when you have a devastating trading day. However, trust that when we ask you what you are going to do to improve, that we are only looking to help you move forward and not dwell on the previous mistakes. In return, we will trust that you are working confidently on always doing the best you can with what is admittedly an extremely difficult profession. We will trust that you are not holding back any bad news from us that will hit us like a steam roller when you hit rock bottom.

TOGETHER

Together we will always be stronger and more confident than we are on our own. Together we can make this journey a joyful and profitable adventure.

Together we are in this for the good and the bad. Now let's make some pips!