Great Trades During Tough Times: Lessons From a Master

Published on
June 17th, 2022
Duration
61 minutes

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Great Trades During Tough Times: Lessons From a Master

Real Visionaries: Mark Ritchie II ·
Featuring Mark Ritchie and Mark Ritchie II

Published on: June 17th, 2022 • Duration: 61 minutes

In part two of “The Ritchie and Ritchie Show,” Mark Ritchie II of RTM 3 talks to his market wizard father, Mark Andrew Ritchie, the founder of Chicago Research and Trading Group, about how he cut his teeth and built a successful futures and options trading firm during the highly volatile 1970s. The Ritchies share critical wisdom about perspective, humility, and position-sizing. And they answer the question, can things get worse? It’s another entertaining conversation between father-and-son market wizards.

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Transcript

Chapters

  1. 00:00:19
    Trading in the 70’s vs. Now
  2. 00:04:08
    "...And that's why you have to have a stop"
  3. 00:05:19
    "What I learned from the 1970's and "what the crowd is saying"
  4. 00:11:28
    The Cure for Higher Prices Is Higher Prices, Not Handouts
  5. 00:15:20
    Put Your Talent Where It’s Going To Be Most Effective, “The Wall Street” Hype
  6. 00:17:51
    Mark Andrew Ritchie’s Approach to Risk Management
  7. 00:25:02
    It’s Better To Learn To Start Losing Early
  8. 00:30:16
    Risk and Where You Get Your Advice
  9. 00:36:04
    Increasing Your Confidence by Cutting Down Size
  10. 00:47:33
    How Bad Can Things Get?
  11. 00:54:12
    One Key to Successful Trading? “Get a Life”