[Mihaly Kriminal]

3.

George Soros is perhaps the most famous Hungarian trader.
He says “the market is always wrong”.
He looks for situations where the price is overrated and there is a divergence.
He likes discretionary decisions, optimal SL, and position building.

In 1992 he earned 1 billion USD during 1 day against GBP (position size was 10 billion USD).
It is not too difficult for traders: he saw that GBP had still high price before decisions of BOE.
This picture shows it (it is very interesting, I found it recently).