Michael F. Price was born in 1953 in New York. He graduated in 1973 from the University of Oklahoma with a Bachelors degree in Business Administration. Price has become one of America’s most successful value investors.
George Soros, the legendary investor, once described financial markets as “chaos.”
Many people would like to trade for a living, but the biggest problem they face is a lack of capital. In order to make a living trading in the stock market, traders really need to plan on having an initial balance of at least $100,000.
Many books and articles have been written about how to use moving averages and a variety of technical indicators to trade the markets. Amazingly, very few of these books or articles show actual test results.
One of the soundest bits of trading advice is to let your winners run and cut your losses early. To many traders, this means use a stop loss order to prevent large losses.