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The Life And Trading Wisdom of Monroe Trout

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Trading Wisdom from Monroe Trout

Monroe Trout is a highly successful hedge fund manager. Trout is an expert at quantitative analysis and is highly skilled at recognizing patterns in statistics; he used these abilities throughout his career to trade in stocks, options, commodities and index funds and in managing his own hedge fund, earning tremendous profits both for himself and his clients.

Early Ventures

Born in 1962, Monroe Trout is the son of the retired chairman of American Healthcare Systems. Raised in New Canaan, Connecticut, he showed a flair for finance at an early age. When he was 17, he got a summer job entering price data into an Apple computer, and the experience was the catalyst for his interest in the stock market. Trout went to on to college at Harvard University and was the 1983 captain of the varsity baseball team, which placed third in the Ivy League that year. Graduating magna cum laude with a degree in economics in 1984, he wrote his senior thesis on stock index futures.

Career Accomplishments

After college, Monroe Trout moved to New York City and began his career as a trader on Wall Street. He started out working in the commodity pits, and he became a local celebrity on the floor when he managed to turn a profit for 69 out of 79 weeks. In 1986, he founded his own firm, Trout Trading, and moved with his family to Bermuda to run his company from there. By 1993, Trout was worth an estimated 900 million dollars.

“New Market Wizards”

Monroe Trout is known as the Cal Ripken of the trading world for his consistency and patience, and he was featured in the nonfiction book New Market Wizards by Jack D. Schwager. His career was profiled in the section of the book about futures trading, and, when the book was published in 1992, Trout became known to many people outside of the Wall Street community.

Philosophy of Trading

An avid reader, Monroe Trout subscribes to much of the thinking of philosopher Ayn Rand. He believes that success is most likely when the individual thinks for himself and does not rely on the advice of others and that survival belongs to those who act. He understands that self-sufficiency is possible only through embracing challenges and that it is critical to keep the mind active in order to avoid both mental and physical stagnation.