His system was the first to be tested on a mainframe IBM computer. Today they are known as System Trading which is currently used for the futures market and for brokerage firms.
Ed Seykota attended high school near The Hague, Netherlands.
Some of Ed Seykota’s students have included Michael Marcus, David Druz, Dean Giordano, Easan Katir, and Jason Russell of Acorn Global Investments.
Trader, instructor, and blogger Michael Martin is known to be one of Ed Seykota protégés as well.
Edward Seykota is a commodities trader. In 1970 he pioneered trading systems by using early punched card computers to test trading strategies on the commodities market.
Today they are known as System Trading which is currently used for the futures market and for brokerage firms.
Ed Seykota pioneered the computerized trading system. He is an algorithmic trader.
Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money – Ed Seykota
Ed Seykota has several books to his name;
The Trading Tribe (2005)
Govopoly in the 39th Day (2013)
Market Wizards Systems don’t need to be changed. The trick is for a trader to develop a system with which he is compatible – Ed Seykota
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Dan Loeb targets Sony. Dan Loeb is an activist investor and founder of Third Point, which oversees about $14.5 billion in assets.
Last year the activist investor viewed Campbell soup as a bargain when Third point reported that the soup maker could fetch a takeover value of $52 to $58 per share.
A year later and the activist investor Dan Loeb targets Sony
Dan Loeb's activist hedge fund Third Point is raising an investment vehicle to generate between $500 million and $1 billion so it can continue to buy Sony shares, according to a recent report in Reuters.