%In the movie Crouching Tiger, Hidden Dragon, actress Michelle Yeoh plays a master warrior of ancient martial arts. At the end of the film, she confronts her protege and instructs her with the ultimate secret to success: to remain true to herself. Professional trader Smita Sadana offers us the same sage wisdom for investing and trading.
Smita has delivered a 43% compounded annual gain over the last 11 years. During the same period, the S&P500 index is virtually unchanged. Her accomplishments make her one of the greatest individual traders - and possibly the best female trader - on Wall Street. My interview with Smita was like living through a passage from Jack Schwager’s classic trading book Market Wizards. Smita enlightened me on dealing with emotions, risk management, and the art of discipline.
Smita is another Wall Street professional who is praised for both her skills and her character. In 2004, she lost her father to a tragic murder over a petty sum of money. As a testament to her admirable nature, she used this event to reevaluate her life and dedicate new energies to helping others through financial education. Her firm TraderVantage perpetuates her mission.
I wish I could say successful women on Wall Street are equal in number to the successful men. However, if Smita has anything to do with this issue, there will be an unprecedented amount of women following in her footsteps soon enough.
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