Stanley kroll (1934- 1999) is a famous American futures expert. /kloc-entered the global financial center wall street in 0/960, and returned to wall street in 0/981year. He is the author of Crowe on Investment Strategy.
Chinese name: Stanley kroll.
Mbth: StanleyKroll
Nationality: USA
Date of birth:1March 5, 934
Date of death: 1999
Occupation: engaged in futures trading for 33 years.
Belief: technical analysis
Main achievements: writing a book: professional futures speculators.
Writing a Book: Futures Trading Strategy
Writing a book: Crowe talks about investment
Masterpiece: Crowe talks about investment strategy
Character experience
Stanley kroll (1934- 1999), a famous American futures expert, 1960 entered Wall Street, a global financial center. During his 33 years on Wall Street, he has been engaged in commodity futures trading in the futures market and accumulated a lot of experience. During the skyrocketing commodity futures market in the early 1970s, the profit was $654.38+$800,000, and $654.38+$800,000. With the passage of time and the accumulation of wealth, Stanley Crowe brought millions of dollars he had gathered on Wall Street.
Dollars, away from this highly competitive market, roaming the world and enjoying life alone. During his five-year tour, Stanley kroll devoted himself to the study of economic theory, finance and investment theory, and published five monographs successively, the most famous of which is kroll on Investment Strategy.
198 1 year later, he returned to wall street and gradually turned his attention to Asia, because he believed that 2 1 century would be the financial century of Asia. He came to Hong Kong Investment Company in 1990s and went to Beijing as an investment consultant from 65438 to 0998. He believes that Asian traders have the potential for success, enterprise and courage, and may be the best traders in the world. However, they also have shortcomings that need to be overcome: when the market reverses, they still tend to stick to their positions and refuse to stop losses.
Character works
celebrity quote
Don't let go only when the market is strong.
Nervousness, loneliness, isolation, doubt and even inexplicable fear are almost constant companions of futures operators.
The knower does not speak, and the speaker does not know.
Entry point: when the trend turns; When the consolidation breaks through; The megatrend rebounded or fell by 45% ~ 55%.
When the trend analysis is correct, the pyramid is overweight.
Money is earned by "sitting", not by operation. Only by reversing the trend in an objective way can we close the position.
Kissing —— The Principle of Stanley's Technical Analysis
Many people admire Stanley kroll's ability to capture supermarkets, but they are most concerned about what analytical methods Stanley kroll uses to enter the market. Stanley kroll said that he mainly relies on technical analysis to study a large number of long-term charts and seasonal cycles, and his motto is "KISS". This is not sex. KISS is actually the abbreviation of "KeepItSimple, idiot", which means: keep it simple, so simple that you don't have to use your head or be superstitious about complicated technical analysis. This is why Stanley kroll is so successful in operating futures. Just like Li Xunhuan in Gu Long's martial arts novels, a simple, direct, fast and accurate throat sealing knife is more effective than any complicated martial arts and has the same effect.
Personality assessment
Today's market is different from Crowe's heyday: new financial instruments are constantly emerging and gradually maturing; Computer trading system is widely used; There are all kinds of new theories and technologies on the market. Cropper is not old, but he still keeps absorbing new experience and technology, tries to keep up with the pace of the market and starts a new stage of his trading career.
His successful experience in futures investment first emphasized that the futures market is like the virgin forest in Africa, and the most important thing is to survive. When judging the trend error, lighten the position immediately. Risk control and restraint is the key to the success of futures investment. Friends who participate in futures trading must always remember that the market is always right!
He believes that everyone should have their own market ideas or investment strategies, and should have tools or ideas to control risks. His tool or idea of effective risk control is called Murphy's Law. The core meaning of Murphy's Law is that when you are worried that things will be bad for you, the result is likely to be worse than what you are worried about.
Crowe's most famous sentence: only by thinking about losses at all times can profits take care of themselves! Crowe's idea is mainly realized by technical methods. His motto is: KISS(KeepItSimple, idiot)-pursuing simplicity.
Investment strategy and theory: profit is long-term and loss is short-term. He uses many but very simple technical operations, sometimes as simple as using only one moving average.
Specific practice: pursue long-term trend investment, buy up and sell down.
Views on investment tools: It is very useful to reread long-term charts (weekly and monthly). The observation of long-term trends has enabled Crowe to have a more balanced and comprehensive understanding of market activities.