Joe Ross: formation and professional activity of a trader
Joe Ross is a significant figure in the stock market, who is a role model for many traders. His road to success was difficult and full of failures, but these trials only made the trader stronger.
Joe was born in 1935 to a middle-class family. After graduating from high school in 1951, he took an active interest in the financial market and tried his first trades. Ross devoted special attention to futures, learned about nuances, and tried to trade. Such determination gave its fruit, and in 6 years Joe started trading professionally. By 1982, he began to actively make intraday trades in shares of the S&P 500 Index.
His career was gradually going uphill, but there were failures too. Ross put his experience into books, by 1988 the trader published several works where he described his trades and peculiarities of trading at the exchange in detail. Books began to be popular, many people wanted to talk to Joe personally, to consult with him. Then Ross decided to open a school for training traders – Trading Educators. Gradually the project grew into a major company engaged in educational activities.
At the same time the trader continued trading on the exchange, he created his own methodology, which is called the Ross Hooks. Its essence is to minimize risks when making transactions in a new trend. Ross’s concept refers to non-syndicator trading, which implies the analysis of price fluctuations. Originally, Joe developed his strategy exclusively for tracking asset price dynamics. However, over time, he realized that it can be perfectly applied to online trading.
Ross Hooks is great for beginners, it does not require deep knowledge and years of experience. The strategy is quite simple to apply, but it requires attention to detail and an understanding of the basic principles of stock trading. Thanks to the method from Joe Ross, it is possible to close several successful trades in one trend. However, it is most effective when used manually rather than in an automated form.
Despite his success, Ross remains an open person who is happy to share the specifics of his work. He has never concealed his strategy, on the contrary, he actively teaches how to use it and describes the nuances of trading in general in detail.
The main advice he gives to his students is to follow discipline. It is important to be able to concentrate on the task at hand and to follow the goal clearly, without being distracted by insignificant things.