Larry Hite Bio | Wiki
Larry Hite ( Full Name: Lawrence D. Hite) is a famous hedge fund manager. He is one of the forefathers of system trading along with Ed Seykota. The Rule: How I Beat the Odds in the Markets and in Life—and How You Can Too, is another book written by Larry.
During his free time, he enjoys traveling, eating, trying out new restaurants, listening to music, and spending quality time with friends and family.
Larry Hite Age
He was born in 1941 in Brooklyn in the United States. Larry is 82 years old.
Larry Hite Height
He is a man of average stature. Larry stands at a height of 5 ft 8 in ( Approx. 1.73m ).
Larry Hite Family
He was born in Brooklyn to Jewish parents in a working-class neighborhood. Larry’s father, who had not graduated from high school, was a partner in a small bedspread maker. Larry was blind from birth in his left eye and had such poor vision in the right that he could barely make out the “E” at the top of the eyesight chart. Furthermore, his parents tried to correct it with glasses, but he could still barely read or write anything. Only much later did Larry learn that he had dyslexia.
Larry Hite Wife
He is a married man. Larry is blissfully hitched to his loving and caring wife named Sharon. She is a native New Yorker, a music aficionado, and a lifelong believer in the power of knowledge to shape a better future for people and the planet. Furthermore, Sharon is also a philanthropist. At this present moment, she serves as a board member of a foundation named after her husband.
Larry Hite Education
He attended a local high school. Later, Larry matriculated at college and graduated with his degree. Prior to his graduation, he was a rock music promoter. Furthermore, Larry was an occasional actor and screenwriter. He later got committed to continuing in the music industry, though. Larry then decided to become a stockbroker in 1968 after several incidents.
The Rule Larry Hite | Larry Hite The Rule
The Rule: How I Beat the Odds in the Markets and in Life—and How You Can Too is the title of a book written by him. Furthermore, the book was named a Porchlight Books, LA Times, and Wall Street Journal bestseller.
Larry Hite Strategy
He is a trend-following trader who has been successful for over 30 years. Larry’s strategy is based on the following principles:
1. Know Your Enemy: Gain a thorough understanding of the markets, including the players and why they do what they do. This entails comprehending the movement of money, the macroeconomic forces that shape the markets, and the broad patterns that determine the markets’ course.
2. Diversify Your Risk: Your eggs shouldn’t be all in one basket. Diversify your risk by using a variety of marketplaces and instruments. Diversifying across various asset classes, and industries, and trading a number of instruments within each asset class helps achieve this.
3. Be Disciplined: Decide how much money you are willing to risk on each deal, and then keep to your boundaries. Take each transaction carefully and set a stop-loss level that you won’t go above.
4. Manage Your Risk: Reduce your exposure to risk by utilizing a variety of risk management strategies, such as hedging and diversification.
5. Trade with a Plan: For every trade, have a plan in place. This should include the trade’s overall goal, the risk/reward ratio, and the entry and exit points.
6. Monitor Your Performance: Review your results frequently and adjust your trading strategy as needed. Verify that your trading strategy is still working and that you are still adhering to it.
7. Take Advantage of Opportunities: Keep an eye out for chances that can give you an advantage. This can entail taking advantage of unique market circumstances or news events that might influence the markets.
Larry Hite Book
- The Rule: How I Beat the Odds in the Markets and in Life–And How You Can Too.
Larry Hite Interview
Back in September 2020, he was interviewed by Michael Covel on Trend Following Radio. In the interview, the two talked about what it takes to be a trader, Adam Smith, Herd of Sheep, The Most Fundamental Thing in the Market are People, Stop Loss, Trend Following, and Having the Right Attitude.
Larry Hite Net Worth
Having been working as an investor, trader, and hedge fund manager for a total experience exceeding more than three decades now, he has managed to garner good affluence in his career thus far. Larry’s net worth is $150 million.
Who Is Larry Hite
He is an 82-year-old famous hedge fund manager who is one of the forefathers of system trading along with Ed Seykota. The Rule: How I Beat the Odds in the Markets and in Life—and How You Can Too, is another book written by Larry.
How Old Is Larry Hite
He is 82 years old. Larry was born in 1941 in Brooklyn in the United States.
How Tall Is Larry Hite
He is a man of average stature who stands at a height of 5 feet 8 inches, approximately 1.73m.
Larry Hite Social Media
Instagram – @LarryDHite