Marcus has been one of the most successful traders. Over a ten-year period, he multiplied his company account by an incredible 2,500-fold!
Q. Did you know what you were doing wrong then?
A. Good question. Basically, I had no real grasp of trading principles; I was doing everything wrong. Then in October 1971, while at my broker's office, I met one of the people to whom I attribute my success.
Q. Who is that?
A. Ed Seykota. He is a genius and a great trader who has been phenomenally successful. When I first met Ed he had recently graduated from MIT and had developed one of the first computer programs for testing and trading technical systems. I still don't know how Ed amassed so much knowledge about trading at such an early age. Ed told me, I think you ought to work here. We are starting a research group and you can trade your own account. It sounded great; the only problem was that the firm's research director refused to hire me.
Market Wizards by Jack Schwager
Michael Marcus was originally profiled in the Market Wizards.
Mentor: Ed Seykota
Marcus is another in the long line of alumni from the legendary Commodities Corporation.
If you have access to this Marcus' updated performance data we would like to hear from you.
