Words of Rizdom - Trading Podcast

Making $25M+ in a Single Trade | #1 Hedge Fund Trader - Larry Benedict

11 snips
Sep 24, 2025
Larry Benedict, a trading veteran with over 35 years of experience and a famed hedge fund manager known for his 20-year winning streak, shares insights on mastering risk management and emotional resilience. He discusses the importance of daily drawdown limits, liquidating positions after losses, and avoiding the temptation of chasing big trades. Larry also emphasizes the value of mentorship in today's fast-paced trading environment and reveals his journey from early setbacks to launching his ETF, the Opportunistic Trader.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
ADVICE

Make Risk Management Your Core Rule

  • Prioritise strict risk management and position sizing over seeking huge wins.
  • Size up when winning, use firm stops, and never average down into losers.
ADVICE

Use A Firm Daily Stop-Loss

  • Set a fixed daily loss limit and stop trading when reached to avoid emotional errors.
  • Treat trading as recurring opportunity: stop, reassess, then trade again tomorrow.
ANECDOTE

25M Shares Bought During Crisis

  • Larry bought 25 million shares of Bank of America from the government during the financial crisis.
  • He says it would have been the best trade if he'd slept for five years, but he moved on after taking profits.
Get the Snipd Podcast app to discover more snips from this episode
Get the app