Don’t Worry About How You Get a “Stake”–Just Get One

From The Little Book of Trading:

Kevin Bruce is living proof that there is no need to be in New York, London, or Chicago–flaunting a sharp business suit and trading in a sky rise. Bruce is a small-town guy from Georgia with no ancestral connection to Wall Street, who has not only made it on Wall Street but conquered it. Heed his path.

Bruce spends his time far away tucked in quiet spots in Richmond, Virginia. He works out six times a week at his local YMCA, and still drives his 1996 Ford pickup. With a net worth of nearly $100 million, he prefers to live life just as he always did before making that fortune. He is low profile. Most people have no idea of his wealth. He says, “I guess that means I’ve done a pretty good job of just being me.”

More:

While Bruce was crafty in his early trading, almost tripling his initial seed money, he was really crafty in the way he built up his $5,000 nest egg. When he was about 15, he started the practice of packing a lunch and taking it to school. The cafeteria food wasn’t great, but he could buy a lunch for just 35 cents. Bruce would meet other kids in the bathroom daily and auction off his home-style lunch. He would then eat the cafeteria lunch–and would usually net about $2. Nice trade!

Inspirational? Yes, absolutely.

Of course, you could always grab a tent, your best protest vibe and head to lower Manhattan to live at Occupy Wall Street. However, I am willing to bet the next Kevin Bruce is not hanging out there.

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3 thoughts on “Don’t Worry About How You Get a “Stake”–Just Get One

  1. Kevin Bruce is absolutely brilliant! What an interview! kudos for covel for “finding” such brilliant trend following traders. Bruce is a great motivational and real story…

    Best

  2. Best advice for a trader!

    I kind of get tired of the guys writing to Michael asking how to get investors. At his peak, Livermore did a few hundred million annually on his own account…that was plenty ($13.6 billion/year based on relative GDP numbers from 1929 to today).

    If you’re not making enough to buy potatoes trading your own stake, you’re not good enough to manage anyone else’s money but your own. Get a stake and prove yourself.

    As most successful TFers show, if you get superior results, the world will beat a path to your door.

    If you’re all about fluff, go to Wall Street.

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