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Today's Great Thinkers


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Today's Great Thinkers

  #1 (permalink)
Ghappy21
plano TX/USA
 
Posts: 52 since Feb 2021
Thanks Given: 5
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Who are the insightful Traders/Thinkers of our current time? Sorry to rant but I am quite tired of reading the work from 25,50,75 years ago...like nothing has changed? Sometimes newer work is just a rewrite of 75 year old work. And every time I hear "I used to be a floor trader", I puke a little.

These are radically amazing times with various tools, access to info, and multi-discipline influence. Any suggestions on who are today's thought leaders, and where is their content?

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  #2 (permalink)
 
DanDaMan's Avatar
 DanDaMan 
QC/Canada
 
Experience: Beginner
Platform: Sierra Chart, NinjaTrader
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Maybe because in the past it was actual floor traders.
Today it's a bunch of engineers and quants writing their algos that rule the big world... Perhaps the books wouldn't be as interesting... or comprehensible to a vast audience

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  #3 (permalink)
Symple
Zuerich / Switzerland
 
Posts: 1,056 since Sep 2021
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Ghappy21 View Post
Who are the insightful Traders/Thinkers of our current time? Sorry to rant but I am quite tired of reading the work from 25,50,75 years ago...like nothing has changed? Sometimes newer work is just a rewrite of 75 year old work. And every time I hear "I used to be a floor trader", I puke a little.

These are radically amazing times with various tools, access to info, and multi-discipline influence. Any suggestions on who are today's thought leaders, and where is their content?

@ Ghappy21

My 2c to your question:

First distinguish for yourself and decide between the various trading opportunities which the market offers in the meantime. If you are clear and have decided for yourself which trading opportunity/option you want to prefer, then this is already a first approach in which direction you can search. This without reading all the "Alte Schinken", as we say here in German, through.

Also you should distinguish in which topics you are looking for information.If it is about "Trading psychology", then you are also nowadays with the old names in the best way. On the other hand: I also question "Market Wizard" books myself. Here everyone must certainly decide for him self.

When it comes to "Options Trading" and the "Hedge strategies", many times associated with it in various ways and with specific financial tools and papers, then many of the well-known authors are still very current today. This is shown by the fact that most young traders are very often very poorly informed in this direction. But this is another topic.

Also in the area of "Money Management" or "Stock valuations" older book authors are still top.

However, when it comes to pure "Futures" trading or "HFT", then I absolutely agree with you. Here it certainly makes sense to look more for the latest information because, as you yourself write: "These are radically amazing times with various tools, access to info, and multi-discipline influence". Still: Even on those field, special when it has to do with pure "Future" trading, old gurus will not lose their values. And I have learned a lot from them in many different ways in the last 20 years. My mentor was one of those very old school traders, not floor trader, but trading his own money until today.

The above is just to name a few topics as there are many, many more when it comes to trading.

Have a sunny day wherever you are.

Symple

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  #4 (permalink)
Ghappy21
plano TX/USA
 
Posts: 52 since Feb 2021
Thanks Given: 5
Thanks Received: 66

@Symple Thank you for the response and insights. My point about separating topics makes great sense. Good insights.

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  #5 (permalink)
Ghappy21
plano TX/USA
 
Posts: 52 since Feb 2021
Thanks Given: 5
Thanks Received: 66

@DanDaMan - Thx for your reply. Previously, I had not thought about your point. It makes great sense.

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  #6 (permalink)
 
Anagami's Avatar
 Anagami 
Bangkok, Thailand
Legendary Hedge Fund Trader
 
Experience: Master
Trading: ES
Posts: 978 since Dec 2010
Thanks Given: 707
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Ghappy21 View Post
Who are the insightful Traders/Thinkers of our current time? Sorry to rant but I am quite tired of reading the work from 25,50,75 years ago...like nothing has changed? Sometimes newer work is just a rewrite of 75 year old work. And every time I hear "I used to be a floor trader", I puke a little.

These are radically amazing times with various tools, access to info, and multi-discipline influence. Any suggestions on who are today's thought leaders, and where is their content?

Does LBR qualify? She's been around for a LONG time... but still manages to come up with fresh stuff (sorry, she used to be a floor trader ).

I respect traders who have been around for decades.

You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
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  #7 (permalink)
Ghappy21
plano TX/USA
 
Posts: 52 since Feb 2021
Thanks Given: 5
Thanks Received: 66

@Anagami Thx for the reply. Yes! I am actually in LBR's trading Room as I type!. (2-day trial) She is an example of an Expert with deep history but keeps refreshing and updating with the modern times. Many excellent Experts were Floor Traders but that is a small part of their ever evolving expertise. There are people, selling alert services, education etc. in which their ONLY credibility is "used to be a floor trader" which on a stand-alone basis, I believe means little today.

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  #8 (permalink)
 
Anagami's Avatar
 Anagami 
Bangkok, Thailand
Legendary Hedge Fund Trader
 
Experience: Master
Trading: ES
Posts: 978 since Dec 2010
Thanks Given: 707
Thanks Received: 2,300


Ghappy21 View Post
@Anagami Thx for the reply. Yes! I am actually in LBR's trading Room as I type!. (2-day trial) She is an example of an Expert with deep history but keeps refreshing and updating with the modern times. Many excellent Experts were Floor Traders but that is a small part of their ever evolving expertise. There are people, selling alert services, education etc. in which their ONLY credibility is "used to be a floor trader" which on a stand-alone basis, I believe means little today.

I'd be curious if you could review that experience later, perhaps in another thread.

Those who don't evolve die.

You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
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  #9 (permalink)
Ghappy21
plano TX/USA
 
Posts: 52 since Feb 2021
Thanks Given: 5
Thanks Received: 66

@Anagami FYI, LBR terminates the service at the end of December. I am considering joining for Oct-Dec, as possibly a last chance to look over her shoulder.

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  #10 (permalink)
Symple
Zuerich / Switzerland
 
Posts: 1,056 since Sep 2021
Thanks Given: 1,336
Thanks Received: 2,329



Ghappy21 View Post
@Symple Thank you for the response and insights. My point about separating topics makes great sense. Good insights.

@Ghappy21

I did not get your point as you wrote: My, which means you, point about separating topics makes great sense? What did I miss, as English is not my mother tongue? Hope it is a funny case as very often in such over the keyboard discussions.

Symple

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Last Updated on September 29, 2021


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