It takes a person with great nerve and self-confidence to take their chances on the stock market. One day a company could be worth billions. In the next, an unforeseen event could push it to the brink of bankruptcy. Traders can use stock market trends to help them take their decisions. However, a trend is not something that lasts forever. It will cease eventually. It’s a question of when it will cease and when feels like the right time to make your move.
Throughout history, there have been a few traders who went against all the apparent market logic in their stock market predictions and ended up making some of the greatest trades. The original, and still seen by many as the greatest, was Jesse Livermore. He shorted the market just prior to the Wall Street crash of 1929 and walked away with $100 million. This happened whilst the rest of the world was panicking in the midst of financial ruin.
The eventful political landscape of the early 1990s also saw some traders make millions on predictions which appeared to make little sense at first. When the Deutschmark was struggling in the 1980s and Germany was divided into West and East, Stanley Druckenmiller went long on the Mark. Following German reunification in 1990, his wealth increased vastly. Over in the Middle East, Louis Bacon correctly called that the value of oil would skyrocket once Saddam Hussein invaded Kuwait. His greatest trades gave him returns for more than a decade after that astute prediction.
These stories and others like them can be viewed in the infographic below from our friends at Easy Life Cover. It features 10 of the greatest trades in Wall Street. Every trade you make could be the one that ruins you, so you need to do your research, just as these traders did. This infographic is not meant to teach you how to trade, but to learn about these brave and successful trades.