Position sizing, risk-reward ratios, drawdown management and long-term capital preservation.
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:…
The Denominator Through ten months of 2022, 316 traders were competing in the U.S. Investing Championship. Twenty-six of them were reporting a profit. Eight per cent. The organiser published that figure himself. Trading competitions are sold to you from the…
Legendary Traders · Market Wizards Randy McKay The veteran who made position sizing, not prediction, his edge. Currency & futures trader · 18 profitable years out of 20 · The New Market Wizards Last reviewed: August 2026. Sources: Jack Schwager’s…
Legendary Traders · Market Wizards Daljit Dhaliwal The event trader who turned risk control into an art form. Macro event-driven trader · ~298% annual return · Unknown Market Wizards Last reviewed: August 2026. Sources: Jack Schwager’s Unknown Market Wizards and…
To trade futures you need four things settled before you ever click a buy button: a broker that clears on a real exchange, a contract whose tick value your account can absorb, a position size expressed in dollars rather than…
Legendary Traders · Market Wizards Jamie Mai The Big Short trader who built a fortune risking a dollar to make ten. Founder, Cornwall Capital · Asymmetric, positive-skew trading · Hedge Fund Market Wizards Last reviewed: August 2026. Sources: Jack Schwager’s…
GREATEST TRADERS · MARKET WIZARDS: THE NEXT GENERATION Kelvin Chiu He Was Right. It Cost Him $10 Million. Listen on Spotify Watch on YouTube Also available on Apple Podcasts · Amazon Music · iHeart Kelvin Chiu is the institutional outlier…
Legendary Traders · Market Wizards Jeff Yass The poker player who turned “am I the sucker?” into one of the largest trading firms on earth. Options market maker · Co-founder, Susquehanna International Group · The New Market Wizards Last reviewed:…
Legendary Traders · Market Wizards Larry Hite The trader who got rich by asking one question first: how much can I lose? Systematic trend follower · Co-founder, Mint Investment Management · Market Wizards Last reviewed: August 2026. Sources: Jack Schwager’s…
Legendary Traders · Market Wizards Dana Galante The Short Seller Who Made Money While the Market Soared Founder of Miramar Asset Management · Featured in Stock Market Wizards · “Against the Current” Last reviewed: August 2026. Figures are drawn from…
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