Inside the World of a Billionaire Speculator - Paul Tudor Jones Documentary

 Here is the link.

This new documentary on Hedge Fund billionaire PTJ reveals the trading strategy of this legendary forex, commodity trader. Get ready to learn about how Jones was able to consistently profited from crises and his mental framework for risk management and market speculation. Music Used in the video - https://open.spotify.com/artist/5dzPV... My research mostly comes from these two books - 𝗠𝗼𝗿𝗲 𝗠𝗼𝗻𝗲𝘆 𝗧𝗵𝗮𝗻 𝗚𝗼𝗱 (https://amzn.to/2VbsCwE) 𝗠𝗮𝗿𝗸𝗲𝘁 𝗪𝗶𝘇𝗮𝗿𝗱𝘀 (https://amzn.to/2W82lj6) To get started with Quant Finance, read this book - 𝗔𝗱𝘃𝗮𝗻𝗰𝗲𝘀 𝗶𝗻 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗠𝗟 (https://amzn.to/3iIOQ0Z) Socials - IG - falcon.xu LinkedIn - https://www.linkedin.com/in/rocky-xu-... #forex #daytrading

Follow up | My notes | Nov. 15, 2021 | My favorite ideas to learn

1. Learn how to be a journalist - write things to share
2. Best game - financial game 
3. Harvard - He chose not to take a MBA program from Harvard
4. Drinker, party animal, and he got fired by sleeping on the desk
5. Commodity broker - Excelled at his job, made a million dollars 
6. Future - 
7. Andrew Lo - MIT financial professor 
8. Hedge risk - and more 
9. Trade for myself - 9 hours for contract 
10. Paul Tudor Jones - 1983, started his own firm - floor trader, power of leverage - 
11. Success - network, not just skills 
12. During bear market, biggest bears since depression 
13. 80s, growth is slow - Market timing 
14. Oct 16, 1987 2 days before black Monday - around spring 1988 - SP 500 went down a little - SP 500 future, he shorted - his return is huge 
15. Derivative - Upside is huge, 8 million dollars for his trade - Paul gained 200% at that year during bear market 
16. Sensation - Enjoy his wealth - in 1980s 
17. Japanese equity market - in 1980s, print more money - Good lesson to learn 11:26/20:37
18. Delusional trades - did not accept reality - price pattern
19. 90% return at that year, largely from his Tokyo bet 
20. protecting your ass - 90% focus on losing money, how much capital loss in single investment, whereas 9% on sky of gains
21. Nassim Taleh Author & Risk analyst
22. As a trader, insurance for worst scenario - tail risk, black swan event 
23. System thinking - flow of capital - big flow chart for capital - 14:25/ 20:37
24. Sec fined him 800,000 dollars for something borrowing - 
25. 2008 - Short 500 index - Sept. 15, 2008, 100 million Leman brothers - short position offset his position, only 4 percent down
26. Jim Simon - RenTech 17:24/ 20:37, quantum trading 
27. Searching new edge starting from 2000, quantum - hedge fund struggled to make money
28. Andrew Lo - explanation - 18:00
29. Gold mining used as an example - quantum trading