Monroe Trout
Encyclopedia
Monroe Trout, Jr. is a retired financial
speculator and hedge fund
manager profiled in the book New Market Wizards
by Jack D. Schwager
. His father is Monroe E. Trout, Chairman Emeritus of American Healthcare Systems.
Monroe Trout, Jr.'s expertise is in quantitative analysis, with pattern recognition backed by statistical analysis. He subscribes to Ayn Rand's
Objectivism
. He has traded stock
s, stock index futures
, commodity futures, and options
on all these, both for his own account and as an advisor for others.
at the age of 17, Trout got a summer job with a futures trader. Trout typed in newspaper data into his computer and got his start in markets trading.
He was captain of the Harvard basketball team and led his team to a third place finish in 1984’s Ivy League.
He graduated magna cum laude with a B.A. in Economics. His senior honors thesis was on stock index futures titled “Price movements in a Stock Index Futures Market”.
to work for Victor Niederhoffer
's NCZ Commodities at New York’s commodity pits. In his 20s during one stretch he turned a profit 69 out of 79 months and became something of a celebrity on the trading floor. He also worked as a floor trader
on two more exchanges before starting his own firm, Trout Trading, in 1986. Later, he would move his family and the company to Bermuda
.
In 1993 he helped fund Rand Financial Services named after Ayn Rand
. He keeps a low profile. At age 40, he retired from active trading with a net worth reportedly in excess of USD 900 million.
He is featured in the book The New Market Wizards
by Jack Schwager.
FINANCIAL
FINANCIAL is the weekly English-language newspaper with offices in Tbilisi, Georgia and Kiev, Ukraine. Published by Intelligence Group LLC, FINANCIAL is focused on opinion leaders and top business decision-makers; It's about world’s largest companies, investing, careers, and small business. It is...
speculator and hedge fund
Hedge fund
A hedge fund is a private pool of capital actively managed by an investment adviser. Hedge funds are only open for investment to a limited number of accredited or qualified investors who meet criteria set by regulators. These investors can be institutions, such as pension funds, university...
manager profiled in the book New Market Wizards
The New Market Wizards
The New Market Wizards is a book by Jack D. Schwager published in 1992. The format is very similar to his 1988 Market Wizards, with a new selection of interviews with super-traders....
by Jack D. Schwager
Jack D. Schwager
Jack D. Schwager is the author of the books Market Wizards, New Market Wizards, Stock Market Wizards, and Getting Started in Technical Analysis...
. His father is Monroe E. Trout, Chairman Emeritus of American Healthcare Systems.
Monroe Trout, Jr.'s expertise is in quantitative analysis, with pattern recognition backed by statistical analysis. He subscribes to Ayn Rand's
Ayn Rand
Ayn Rand was a Russian-American novelist, philosopher, playwright, and screenwriter. She is known for her two best-selling novels The Fountainhead and Atlas Shrugged and for developing a philosophical system she called Objectivism....
Objectivism
Objectivism (Ayn Rand)
Objectivism is a philosophy created by the Russian-American philosopher and novelist Ayn Rand . Objectivism holds that reality exists independent of consciousness, that human beings have direct contact with reality through sense perception, that one can attain objective knowledge from perception...
. He has traded stock
Stock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
s, stock index futures
Futures contract
In finance, a futures contract is a standardized contract between two parties to exchange a specified asset of standardized quantity and quality for a price agreed today with delivery occurring at a specified future date, the delivery date. The contracts are traded on a futures exchange...
, commodity futures, and options
Option (finance)
In finance, an option is a derivative financial instrument that specifies a contract between two parties for a future transaction on an asset at a reference price. The buyer of the option gains the right, but not the obligation, to engage in that transaction, while the seller incurs the...
on all these, both for his own account and as an advisor for others.
The Early years
In 1978 in his hometown of New Canaan, ConnecticutNew Canaan, Connecticut
New Canaan is a town in Fairfield County, Connecticut, United States, northeast of Stamford, on the Fivemile River. The population was 19,738 according to the 2010 census.The town is one of the most affluent communities in the United States...
at the age of 17, Trout got a summer job with a futures trader. Trout typed in newspaper data into his computer and got his start in markets trading.
He was captain of the Harvard basketball team and led his team to a third place finish in 1984’s Ivy League.
He graduated magna cum laude with a B.A. in Economics. His senior honors thesis was on stock index futures titled “Price movements in a Stock Index Futures Market”.
Career
Monroe Trout began his career when he went to New YorkNew York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
to work for Victor Niederhoffer
Victor Niederhoffer
Victor Niederhoffer is a hedge fund manager, champion squash player, bestselling author and statistician.Victor Niderhoffer was born in Brooklyn to a Jewish family. His father, Arthur, graduated from Brooklyn Law School but went to work in the police. Victor’s mother, Elaine was a teacher....
's NCZ Commodities at New York’s commodity pits. In his 20s during one stretch he turned a profit 69 out of 79 months and became something of a celebrity on the trading floor. He also worked as a floor trader
Floor trader
A floor trader is a member of a stock or commodities exchange who trades on the floor of that exchange for his or her own account. The floor trader must abide by trading rules similar to those of the exchange specialists who trade on behalf of others. The term should not be confused with floor broker...
on two more exchanges before starting his own firm, Trout Trading, in 1986. Later, he would move his family and the company to Bermuda
Bermuda
Bermuda is a British overseas territory in the North Atlantic Ocean. Located off the east coast of the United States, its nearest landmass is Cape Hatteras, North Carolina, about to the west-northwest. It is about south of Halifax, Nova Scotia, Canada, and northeast of Miami, Florida...
.
In 1993 he helped fund Rand Financial Services named after Ayn Rand
Ayn Rand
Ayn Rand was a Russian-American novelist, philosopher, playwright, and screenwriter. She is known for her two best-selling novels The Fountainhead and Atlas Shrugged and for developing a philosophical system she called Objectivism....
. He keeps a low profile. At age 40, he retired from active trading with a net worth reportedly in excess of USD 900 million.
He is featured in the book The New Market Wizards
The New Market Wizards
The New Market Wizards is a book by Jack D. Schwager published in 1992. The format is very similar to his 1988 Market Wizards, with a new selection of interviews with super-traders....
by Jack Schwager.
See also
- Paper tradingPaper tradingPaper trading is a simulated trading process in which would-be investors can 'practice' investing without committing real money....
- Toby CrabelToby CrabelWilliam "Toby" Harrison Crabel is a United States self-made millionaire commodities trader. The Financial Times called Crabel "the most well-known trader on the counter-trend side" He is the fund manager of "Crabel Capital Management". Crabel Capital Management ranked number 101 out of 196 funds...
- Stu RoseStuart Alan RoseStuart Alan Rose is CEO and Chairman of the Board of REX American Resources Corporation, an NYSE-traded company focused on alternative energy - particularly ethanol - and other industrial investments. REX American is the successor to Rex Stores Corp. — a Dayton, Ohio-based electronics company he...
- James AltucherJames AltucherJames Altucher is a hedge fund manager, author and a prominent blogger.He holds a BS in computer science from Cornell University. He did not complete his master's degree in the same subject from Carnegie Mellon University . Altucher is the founder of StockPickr, which was sold to TheStreet.com in...
- Jake Burton CarpenterJake Burton CarpenterJake Burton Carpenter , also known as Jake Burton, is an American snowboarder and founder of Burton Snowboards. He grew up in Cedarhurst, New York.- Biography :...
Magazines
Further reading
External links
- http://www.turtletrader.com/trader-trout.html
- http://www.streetstories.com/mt_fw_top100.html
- http://www.boyplunger.com/share/3.html