Bruce Kovner is the Greatest Market Wizard you've never heard of.
He averaged ~90% CAGR during his 10 years at Commodities Corp.
Then he generated a 21% CAGR for 28 years at his own fund.
Oh, and before that, he was a cab driver.
Here are his six trading principles ... 🧵
This is what progressive exposure looks like in real life; stocks I added - long - overlaid on the NASDAQ. You can see how I got progressively more aggressive as the market bottomed and stock positions started working. These are the specific days I added each one of those names.
For me there are 2 types of trades.
1) Trades that you take moving from low volatility to high volatility
2) Trades that you take in high volatility while moving to low volatility.
I like to be in the 1st one.
At @realDonaldTrump’s direction, we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.