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> Remember a guy named Richard Dennis ?
> Back in the 70's and 80's, he was a top commodities trader....
> I believe he took a $50,000 account to something like 8 million in a
matter
> of a few years.
Actually, it was more impressive than that, according to Jack Schwager.
In the intro to his interview with Dennis in "Market Wizards," he reports
that Dennis started with $1600 (borrowed from his family) in 1970. He
used most of it to buy a seat on the MidAm and started trading with the
magnificent sum of $400. He ran that up into an estimated $200 million.
I'd be satisfied to do half as well. More than satisfied, in fact.
Owen Davies
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