Randy McKay appeared in Jack Schwager’s book series ‘Market Wizards’. There is not a lot of information available on him because of his preferrence to lead a private life. It is known that McKay managed accounts for himself and some of his close friends and family. He found great success in trading as his holdings of few thousand dollars turned into millions. McKay showed an astonishing track record as his accounts were up in 18 out of 20 years.
“When I get hurt in the market, I get the hell out. It doesn’t matter at all where the market is trading. I just get out, because I believe that once you’re hurt in the market, your decisions are going to be far less objective than they are when you’re doing well… If you stick around when the market is severely against you, sooner or later they are going to carry you out.”