He was first fascinated with markets as he had some quick easy money options buying successful trade(1978)
Then he blew his entire capital on Options that expired worthless
For more Doses of Market Wizards follow
@WisdomsWizards
**MARKET WIZARD** ALERT
MARK D. COOK --- Farmer/Broker
& A Option Buyer
A thread in Collaboration with @kalpeshmewada49
He was first fascinated with markets as he had some quick easy money options buying successful trade(1978)
Then he blew his entire capital on Options that expired worthless
For more Doses of Market Wizards follow
@WisdomsWizards
At the time of Stock Market Wizards(2001), he was USIC champion as an Option Buyer with annual returns ranging from 30% to 1400%
Let's find out how
His first big profitable year was 1986.
In 1986, he began keeping a 'daily trading diary'.
Every day he wrote down recurrent patterns that he noticed in the market.
up, the tick will be +=VE, and when it's going down, it will be --Ve.
the tick became very negative, the market would tend to snap back on the upside. Conversely, strongly positive tick readings seemed to be followed by sell-offs.
He just wants to put a winning trade no matter how small to gain confidence.
A winning trade gives him "Confidence that he can make MONEY".
What markets are you going to trade? You need to select a market that fits your personality.
A account large enough to make money "not less than your JOB".
How will orders be entered? Will you scale into positions or put them all at once?
Drawdowns where you would shut down Tradings.
Profit Goals should be clear over the shortest terms and over longer periods.
Methods to not let Personal Problems affect your Tradings
"I represent the average guy out here in rural America, in the U.S. Midwest. I sit in my great-grandfather's farmhouse, staring at a computer screen, and I can make a living trading. That's why I
90
believe
**************************************************************
https://t.co/2Sw4fP2576
Let's talk about one of the best traders ever featured on market wizards, with a cagr of 337 percent (you heard it right that's annual, not cumulative) his market insights, his mindset & his trading technique.
— Prakhar (@StocksbyPrakhar) July 31, 2022
In collaboration with @kalpeshmewada49
A thread \U0001f9f5 pic.twitter.com/tcY6H7ueIT
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"I lied about my basic beliefs in order to keep a prestigious job. Now that it will be zero-cost to me, I have a few things to say."
We know that elite institutions like the one Flier was in (partial) charge of rely on irrelevant status markers like private school education, whiteness, legacy, and ability to charm an old white guy at an interview.
Harvard's discriminatory policies are becoming increasingly well known, across the political spectrum (see, e.g., the recent lawsuit on discrimination against East Asian applications.)
It's refreshing to hear a senior administrator admits to personally opposing policies that attempt to remedy these basic flaws. These are flaws that harm his institution's ability to do cutting-edge research and to serve the public.
Harvard is being eclipsed by institutions that have different ideas about how to run a 21st Century institution. Stanford, for one; the UC system; the "public Ivys".
As a dean of a major academic institution, I could not have said this. But I will now. Requiring such statements in applications for appointments and promotions is an affront to academic freedom, and diminishes the true value of diversity, equity of inclusion by trivializing it. https://t.co/NfcI5VLODi
— Jeffrey Flier (@jflier) November 10, 2018
We know that elite institutions like the one Flier was in (partial) charge of rely on irrelevant status markers like private school education, whiteness, legacy, and ability to charm an old white guy at an interview.
Harvard's discriminatory policies are becoming increasingly well known, across the political spectrum (see, e.g., the recent lawsuit on discrimination against East Asian applications.)
It's refreshing to hear a senior administrator admits to personally opposing policies that attempt to remedy these basic flaws. These are flaws that harm his institution's ability to do cutting-edge research and to serve the public.
Harvard is being eclipsed by institutions that have different ideas about how to run a 21st Century institution. Stanford, for one; the UC system; the "public Ivys".
Recently, the @CNIL issued a decision regarding the GDPR compliance of an unknown French adtech company named "Vectaury". It may seem like small fry, but the decision has potential wide-ranging impacts for Google, the IAB framework, and today's adtech. It's thread time! 👇
It's all in French, but if you're up for it you can read:
• Their blog post (lacks the most interesting details): https://t.co/PHkDcOT1hy
• Their high-level legal decision: https://t.co/hwpiEvjodt
• The full notification: https://t.co/QQB7rfynha
I've read it so you needn't!
Vectaury was collecting geolocation data in order to create profiles (eg. people who often go to this or that type of shop) so as to power ad targeting. They operate through embedded SDKs and ad bidding, making them invisible to users.
The @CNIL notes that profiling based off of geolocation presents particular risks since it reveals people's movements and habits. As risky, the processing requires consent — this will be the heart of their assessment.
Interesting point: they justify the decision in part because of how many people COULD be targeted in this way (rather than how many have — though they note that too). Because it's on a phone, and many have phones, it is considered large-scale processing no matter what.
It's all in French, but if you're up for it you can read:
• Their blog post (lacks the most interesting details): https://t.co/PHkDcOT1hy
• Their high-level legal decision: https://t.co/hwpiEvjodt
• The full notification: https://t.co/QQB7rfynha
I've read it so you needn't!
Vectaury was collecting geolocation data in order to create profiles (eg. people who often go to this or that type of shop) so as to power ad targeting. They operate through embedded SDKs and ad bidding, making them invisible to users.
The @CNIL notes that profiling based off of geolocation presents particular risks since it reveals people's movements and habits. As risky, the processing requires consent — this will be the heart of their assessment.
Interesting point: they justify the decision in part because of how many people COULD be targeted in this way (rather than how many have — though they note that too). Because it's on a phone, and many have phones, it is considered large-scale processing no matter what.