Position sizing, risk-reward ratios, drawdown management and long-term capital preservation.
Legendary Traders · Market Wizards: The Next Generation Simon Russo $40,000 to $500 Million, and the Trades That Nearly Ended It A pseudonym · Chapter three of Market Wizards: The Next Generation, “The Fifth Time Is the Charm” Last reviewed:…
Legendary Traders · U.S. Investing Championship Jandy Lam Ninth to First on the $1 Million Board in Two Months JMS Group · $1,000,000+ Stock Division · 2026 standings through 31 August Last reviewed: 2 October 2026. Every figure below comes…
Legendary Traders · Market Wizards Mark D. Cook He traded himself into negative net worth — then climbed all the way back to a championship. Ohio farmer and day trader · 1954–2021 · Featured in Stock Market Wizards Last reviewed:…
Legendary Traders · Market Wizards: The Next Generation Jason Berry Five Losing Months in Fourteen Years, and Why He Never Traded Bigger Chapter seven of Market Wizards: The Next Generation, “Mr. Consistency” Last reviewed: September 2026. Every figure below is…
Trader C’s average loss was about $23. Their average win was about $15. Every losing trade cost more than every winning trade paid. They passed the first phase of a two-step prop-firm challenge anyway. That looks like it breaks the…
Legendary Traders · Market Wizards Steve Watson Wall Street read the reports. He picked up the phone and called the people the reports left out. Communication-based research · Featured in Stock Market Wizards Last reviewed: August 2026. Sources: Jack Schwager’s…
Legendary Traders · Market Wizards: The Next Generation Phil Goedeker $5,000 to $53 Million, and Exactly One Losing Year Chapter five of Market Wizards: The Next Generation, “The Impatient Trader” Last reviewed: September 2026. Every figure below is drawn from…
Legendary Traders · Market Wizards Tony Saliba Mocked as “One-Lot” — then he strung together month after month without a loss. CBOE options market maker · The only options trader in the original Market Wizards Last reviewed: August 2026. Sources:…
Original CTE Research At the end of November 2024, Leos Mikulka was up 960.4% and led the U.S. Investing Championship stock division. He finished the year at 409.6%, in third. One month. More than half the year’s gains. Almost everything…
Trader B won 70.3% of their trades and lost the account. Trader A won 65.6% and passed. The trader who was right more often is the one who blew up. That is the whole lesson in two sentences, and most…
Legendary Traders · Market Wizards Amrit Sall The Unicorn Sniper — who does almost nothing, then strikes with everything. Event-driven futures trader · 337% average annual return · Unknown Market Wizards Last reviewed: August 2026. Sources: Jack Schwager’s Unknown Market…
Legendary Traders · Market Wizards Colm O’Shea The macro trader who profits by noticing it is raining — not by forecasting the storm. Global macro · Founder of COMAC Capital · Hedge Fund Market Wizards Last reviewed: August 2026. Sources:…
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