Day Trading on NYSE» Biography

Thomas R. DeMark

nyse — Fri, 09 Apr 2010 09:35:12 +0000

Trader and consultant Tom DeMark (Tom DeMark) recently invented dozens of original technical indicators and relies solely on the technical principles of timing in their research and trading.Once he even enrolled in a program of CFA (certified financial analyst – Certified Financial Analyst), but decided not to take it to the end. “Markets in the long term by fundamentals. But my indicators measure psychology – that’s what technical analysis “, – DeMark explained.

The first dive of Demark in the financial world came after graduate school in two professions – business and law, then it is in the early 70-ies was adopted at a fundamental analyst in the company National Investment Service, based in Milwaukee (Wisconsin).The firm managed pension assets and the assets to the joint profit of about $ 300 million by investing primarily in securities and equities with fixed income. Power of National Investment Service was timing. Demark, but said of his first work:”I was a professional gofer. I was low man in the company, but quickly got up, because I was good at market timing. ”

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Steven Cohen

nyse — Sun, 04 Apr 2010 10:24:12 +0000

Steven Cohen grew up in Great Neck, NY, in the family clothing manufacturer and a teacher of piano playing. The family was large and noisy. Cohen believes that this is where he learned to concentrate on the essentials. And in the cards, and Cohen succeeded in school. “Every morning on his desk often pile of hundred-ruble notes,” – recalls Donald, 47-year-old accountant from Florida. “With poker, I have learned to take risks” – says Cohen. At the University of Pennsylvania, he studied economics, played poker and became interested in the stock market. He opened his account in the brokerage Gruntal and put back $ 7000, for fees. In the near to the hostel brokerage office, he watched the market and due to several transactions earned enough to pay all the bills. In 1978, Cohen took a job at Gruntal, where the first day the company earned $ 8 000. Ultimately, Cohen made approximately 100 000 $ per day for the company, by 1984 he managed a portfolio of $ 75 million and a group of six traders. He has been a transaction that helped Gruntal cover losses incurred due to the operations of other traders.

In 1992, having left Gruntal, Cohen opened a hedge fund, investing back $ 20 million of equity (the firm now manages more than $ 12 billion $). While the hedge fund industry was still relatively small, and the “bull” market of 1990 was just warming up. Many were taken aback by the high charges for services which he demanded from investors, so the new fund has managed to attract only $ 13 million from outside investors. Dozens of traders and portfolio managers, are located in a small office on Wall Street, managed for the year to double the company’s assets and earn approximately 17.5% per annum. By 1995, SAC’s assets have quadrupled. Cohen moved the headquarters to Stamford and began to open branches. He developed a special computer program that allows you to track undervalued or overvalued stock market.

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Paul Tudor Jones

nyse — Sat, 27 Mar 2010 10:20:08 +0000

Paul Tudor Jones II was born on September 28, 1954 in Memphis, Tennessee, USA. Paul Jones received his higher education at the University of Memphis, and later at the University of Virginia, he received a degree in economics. In 1976, quite successfully participated in the championship boxing welterweight.

His business career he began in 1976 with a clerkship, and soon rose to a broker in the company «EF Hutton ». Since 1980, over two and a half years, Paul was an independent trader. He then went to Harvard Business School, but soon realized that what is taught in this school is not the knowledge that he wants to get. So he abandoned the idea of further education and asked for support and advice from his cousin William Danavanta specialized in cotton trade. William Danavant sent him to New Orleans, what would Jones talks and a major broker Eli Tallis, who offered him a pretty good job. Jones began trading cotton futures on the New York Cotton Exchange.

In 1980, Paul founded the company «Tudor Investment Corporation», which is a leading investment fund, the head office is located in Greenwich, Connecticut. During the first five years of fund gave yields over 100% per annum. In 1986, the fund earned 99.2% per annum, this reduction upset Jones – he is regarded as a bad year. Of course, affects the scale: the fund at that time was not too large. Managing small amounts, could not be afraid of the strong market response to its trade manipulation.

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Nassim Nicholas Taleb

nyse — Sun, 21 Mar 2010 13:03:32 +0000

Nassim Nicholas Taleb was born in 1960 in the Lebanese town Amiun. His family professed Orthodoxy. During the civil war that began in 1975, they were deported. Father Nassim Nicholas Taleb doctor was a medical oncologist, was engaged in anthropological research. Among his ancestors – the politics, representing the interests of the Orthodox community in Lebanon. So his grandfather and great-grandfather on the maternal side were Deputy Prime Minister of Lebanon, paternal grandfather served as Chief Justice, and yet in 1861 his great-great-great-great-grandfather served as governor of a semi-autonomous Ottoman province of Mount Lebanon. Taleb held senior positions at brokerage firms in London and New York and also worked on the Stock Exchange before the company started his own hedge fund “empiricist E-E-C (futures and selling options). He received a Master of Business Administration (MBA) in the Wharton School and received a PhD from the University of Paris. The author of works “dynamic hedging” and “duped accident.

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Nicholas Leeson

nyse — Fri, 19 Mar 2010 09:42:48 +0000

In the 1990’s there was little events that roiled the world so much as the collapse of British bank Barings in late February 1995. Most shocked that the bank, whose history 233 years and who trusted their money by representatives of the aristocracy and the royal family, was struck by the overt and covert speculation only one man – 28-year-old trader Nicholas Leeson (Nicholas Leeson). His self-confidence and passion to take risks, as well as greed and stupidity of his bosses, who, admiring the “transcendental” profits through his fingers looking at fraud subordinate, deprived the bank of 850 million pounds overnight ruining investment empire, whose strength seemed unshakable.

History of the collapse of Barings is extremely instructive, because it is not only “the quintessence of morality” of modern financial markets, but also a clear picture of how to dire consequences could result inefficient management of financial risks. In 1996, while in prison on charges of forgery and deception, Leeson has published an autobiographical book “Rogue Trader” ( “roguish trader”), which fully and frankly told of his deeds. Without trying to absolve themselves of blame, he said (and this with him were very many experts agree) that the things done to them was only possible because of the very imperfect methods of auditing and risk management practiced in the bank, not to mention the condoned by superiors and colleagues . Ethical behavior in the Barings, the confirmation of Nick Leeson, was simple: “We all were forced to make profit, profit, more profit …” no coincidence that in his review of “Rogue Trader”, published in the financial newspaper column “New York Times” pointed out that “This is a grim book, written by a young man is extremely busy, but it should be read by all bank managers and auditors.” (...)
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Post tags: aristocracy, autobiographical book, bank managers, barings, biography, collapse, financial genius, financial markets, forgery, imperfect methods, new york times, newspaper column, nicholas leeson, nick leeson, quintessence, rising star, risk management, rogue trader, royal family, self confidence, superiors

Mario Gabelli

nyse — Tue, 16 Mar 2010 09:04:21 +0000

Mario Joseph Gabelli was born June 19, 1942. His childhood and youth in the Bronx, where he attended the first elementary school, then a private Jesuit school for boys at Fordham University. In his spare time, Mario learned, reaching out to ride, rode in a northern suburb of New York, in Westchester County, where the moonlighting as Cuddy (porters clubs and other golf equipment) in the leading golf clubs such as Winged Foot and Sunningdale. There he met many people who have achieved success in life, and these people often talked about investing in stocks. Later Gabelli told me that even at that time to read the market reports for their own pleasure, and bought his first shares when he was only 13 years old.

After school, Gabelli received a scholarship and enrolled in college at Fordham University. There he stood out not only the hair, which in those days was still a reddish color, but a desperate and enterprising. He was always ready the next get rich quick scheme, like the sale of electric pocket flashlight from the trunk of own car at a time when the streets and shop windows were poorly lit.

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Michael Steinhardt

nyse — Sat, 13 Mar 2010 13:07:02 +0000

Michael Steinhardt was born on December 7, 1940 in Brooklyn, New York, USA. Steinhardt recognized as one of the best investors and managers of hedge funds. He is the founder of hedge fund Steinhardt, Fine, Berkowitz & Co.

One of the best traders and investors grew up in Brooklyn, his father was a jeweler. Michael first became interested in stocks when he was one of the holidays gave a few pieces, he soon began to enter the local branch of Merrill Lynch to check their investments and use the income to buy even more shares. After leaving school at the age of 16 years, Steinhardt went to study at Wharton School at the University of Pennsylvania, where for three years, graduated from the undergraduate program.
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Jean Paul Getty

nyse — Thu, 18 Feb 2010 09:18:22 +0000

Jean Paul Getty (J. Paul Getty) – American industrialist, one of the first-ever dollar-billionaire, founder of the Getty Museum. In the Getty empire includes the largest company Getty Oil Company and over 200 corporations.

Born Dec. 15, 1892 in Minneapolis, Minnesota, United States domestic oil tycoon Irishman George Franklin Getty, the daughter of Scottish immigrants Sarah Catherine McPherson Risher, who were already in a respectable age, and moreover, for two years before had lost his only daughter, Gertrude. After Oxford in 1913, Jean Paul began trading oil in the Tulsa, Oklahoma, and in 1916 he earned first own a million dollars. In the same year, his company moved to California.

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John Templeton

nyse — Wed, 17 Feb 2010 07:06:36 +0000

Sir John Marks Templeton (John Marks Templeton) was born November 29, 1912 in the small town of Winchester, Tenn., in a poor family. While studying at Yale, which fell on the Great Depression, he was forced to support themselves independently and become accustomed to austerity. In 1934 he graduated as best student in their group, earning the opportunity to continue their studies in college Belliol in Oxford, which he graduated, receiving a degree in jurisprudence. In 1937, Templeton started his career on Wall Street.

His hour had struck in 1939, when Europe started in World War II. After taking his boss at $ 10000, Templeton bought shares of small capitalization companies, traded at a price $ 1 or below. This was risky to be extremely successful and allowed him to make a profit, exceeding credit four times.

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John P. Morgan

nyse — Sun, 14 Feb 2010 08:19:59 +0000

John Pierpont Morgan I (John Pierpont Morgan I) – U.S. financier and organizer of industry, one of the most prominent financial figures of the two decades before the First World War. They were organized several major railroads and consolidated the company “United Steyts Steel”, “Interneyshnl Harvester and General Electric. The son of a famous financier, Junius Spencer Morgan (1813-90), John Pierpont was born April 17, 1837 Hartford, Connecticut, USA was educated in Boston and the University of Goettingen. He began his career in 1857 as an accountant of the New York banking firm Duncan, Sherman & Co., which was the American representative of the London firm George Peabody and Co “. In 1861, Morgan became the agent of the banking company of his father in New York. During the 1864-71 period he was a member of the firm “Dabni, Morgan and Co. and in 1871 he became a partner in the New York firm Drexel, Morgan & Co., which soon became the dominant source of funding for the U.S. government. This company was reorganized as the “J. JP Morgan and Co. in 1895, and, largely thanks to his ability Morgan, she became one of the most powerful banking houses in the world.

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John Bollinger

nyse — Sat, 13 Feb 2010 11:57:02 +0000

John Bollinger is the president and founder of Bollinger Capital Management, investment management companies, provider based on technical analysis services to wealth management for private individuals, corporations, trusts and pension funds. Bollinger publishes Capital Growth Letter. For many years, John Bollinger was chief analyst of the national cable TV Financial News Network (FNN), dedicated to financial news. Currently, he continues to advocate with weekly analytical commentary on channel CNBC, the successor of FNN, and for many years was the chief market analyst at Financial News Network.

Background to the financial career of John Bollinger periodically appeared on his path of life from early childhood. In his book “Bollinger on the tapes (bands) Bollinger, the author describes it this way:” I first encountered the stock market when I was a child and inherited a few shares Fruhauf, a company that subsequently rolled down and rolled and finally , sunk into bankruptcy. The second time I ran into him in the late sixties, when he was a young man, when I worked at the Museum of the media, establishment, owned by three brothers, whose father was then a successful underwriter of high-tech shares.

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John Bogle

nyse — Fri, 12 Feb 2010 07:44:28 +0000

John Clifton “Jack” Bogle (John Clifton “Jack” Bogle). To date, hundreds of billions of dollars invested by investors in index funds that will provide a stable income and has a low cost. For an excellent opportunity to get capital gains, not making much effort and not trying to “outplay” the market, investors should thank one man – John Bogla. Friends and colleagues, and often journalists call him Jack.

Bogle founded Vanguard, now managing the second largest family of mutual funds assets in the world, and in 1976 introduced to the market first index fund shares, effectively completing a revolutionary breakthrough in the industry. His idea, which he developed further in the thesis work while studying at Princeton, was simple as all genius. Realizing that in the long term, most investors, including mutual funds, lagging behind the market, and the commission for the transaction and asset management further reducing income investors, Bogle created the index funds simply by tracking the market. These funds do not feel the need either to expensive specialists on stock selection, or in high portfolio turnover and, hence, can invest without paying a significant share of income asset manager.

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Joe Di Napoli

nyse — Thu, 11 Feb 2010 07:35:18 +0000

Jo DiNapoli – a professional trader, the company president “Coast Investment Software, Inc.” Though his methods are applicable on all time scales and in all liquid markets, DiNapoli most prefer intraday trading on stock market indices. He began to sell them since he was introduced the S & P in 1982.

Joe DiNapoli – a professional trader and trading veteran with more than 35 years of market experience. He is also a tenacious researcher, an internationally recognized lecturer and well-known author. His formal education is associated with the electrical engineering and economics. His informal education was in the bunker, the so-called place of trade, a full complement of electronics and communications equipment, where most of the early studies began Joe. Trader Joe’s – so he signed the letter and the so-called by his friends and students who are working in many different countries and different markets.

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Jim Rogers

nyse — Mon, 08 Feb 2010 08:41:00 +0000

Bilend James Rogers, Jr. (James Beeland Rogers, Jr.) – U.S. investor, was co-founder of Quantum, a college professor, author, economic commentator, and creator of commodity index Rogers International Commodities Index (RICI).

Jim Rogers was born Oct. 19, 1942 in Baltimore, Maryland. He studied at Yale University and then at Oxford, where he studied politics, philosophy and economics. In the summer of 1964, working in the firm Dominick & Dominick, Jim Rogers really carried away by what is happening on Wall Street and “plunged” into the life of the financial world. It was here he returned after the end of Oxford and service in the army. In the early 1970’s., Gaining experience in the firm Arnhold and S. Bleichroeder, Jim Rogers was one of the founders of the Quantum Fund – a partnership in the sphere of global investment. During the next 10 years, the portfolio value Quantum Fund grew by more than 4200%, while the growth index, Standard & Poor’s 500 over that period was approximately 47%. At the age of 37 years, Jim Rogers has decided to leave the fund. He currently manages his own portfolio, teaches finance in the Graduate School of Business at Columbia University and is a regular commentator and presenter of headings in various media.

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Jesse Livermore

nyse — Fri, 05 Feb 2010 10:10:11 +0000

Jesse Livermore – a great trader early 20 century. One of the earliest trend traders. Among traders and investors Jesse Livermore was known by the nickname “Junior grip” (Boy Plunger) and “Miracle child” (Wonder Boy). He became famous for winning and losing fortunes at the time of exchange crisis of 1907 and 1929.

Jesse Livermore was born in Massachusetts, the son of farmers, and at fifteen left home to later become a great trader (according to legend, the coach, where he had left, stopped by the brokerage, defining the profession of boys). He supported his mother, who did not want her son, a year has passed three-year course in mathematics, the fate of the farmer, his father was against. At his first job in Boston, Jesse Livermore wrote down on the board quotes the brokerage firm Paine Webber.

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James Harris Simons

nyse — Tue, 02 Feb 2010 12:18:31 +0000

James Harris “Jim” Simons, a grandson of the owner of a shoe factory in Massachusetts, received a bachelor’s degree in Mathematics, Massachusetts Institute of Technology (MIT) in 1958 and received his Ph.D., also in mathematics at UC Berkeley in 1962 at the age of 23 years. From 1961 to 1964 he taught mathematics at MIT and Harvard. In 1964-1968 he held a research position in the Communications Research Division of the Institute of Defense Analysis. In 1968 he became head of the mathematics department at Stony Brook University. During his university entered the top ten in the U.S.. In 1976, Simons was Oswald Veblen Prize in Geometry American Mathematical Society for his work on multi-dimensional surfaces that minimize area, and characteristic forms. He proved the assumption Bernstein until dimension 8, and also improved the properties of regularity result Wendell H. Fleming on the generalized Plateau problem. In 1978, Simons left academia in order to establish an investment fund. (...)
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James Stephen Fossett

nyse — Sun, 31 Jan 2010 13:29:42 +0000

James Stephen Fossett was born April 22, 1944, in Jackson, Tennessee. Childhood and youth passed in Garden Grove, California. From a young age Steve Fossett was a member of the Scout Movement. In 1966, Fossett graduated from Stanford University with a degree in economics. In 1968 he was awarded the title of Master of Economics at Washington University in St. Louis, Missouri. In the same year, Steve Fossett married Peggy Wieland.

Up to 40 years old Fossett was known only in business circles. He made a very successful career at the exchange, and even became the founder of the largest U.S. trading corporation Lakota Trading Inc., Co-owner of the company Scaled Composites.

In 1985, apparently bored of achievements in business, Steve Fossett decided to swim the English Channel. It was just a challenge to myself – and the fourth time he did it. Incidentally, it is interesting that for the first extreme achievement, Steve has committed, not invested in it, no dollar. In the future it will also be very practical given his passion for extreme entertainment.

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Henry Clews

nyse — Thu, 28 Jan 2010 22:24:06 +0000

Henri Clouzot was born in England in 1836, and in 1850 emigrated to the United States. Clouzot began as a clerk in a large company-importer, and only later moved into the financial sector business. Clouzot became a member of the New York Stock Exchange shortly after the panic of 1857, during which prices have fallen about 50 percent. “This crisis has sounded a funeral march for the old conservatism in the” Street “- wrote Clouzot. – There was a young race of financiers, to fill the seats of the old conservative leaders. ” For all its extravagance Clouzot was an investor in the price. He realized that “in light of all this tumultuous mass of facts are the laws of nature if we study them for their control facilities, they (the laws) will be working exactly the same way as the rising sun.”

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William Delbert Gann

nyse — Thu, 28 Jan 2010 08:07:29 +0000

William Delbert Gann was born June 6, 1878 in Lufkin, Texas. His father, Samuel Houston Gann, was a teacher, selling horses and cows. He also owned a small billiard club. His mother, Susan Rebecca Gann (nee Trevation), devoted all his time raising VD Gann and his younger brothers and sisters. She taught the young William to read through the Bible – the book, which later had an enormous impact on his thinking about the nature of financial markets. His family was poor. Samuel, Susan and their eight children lived in a small house, and young William to get to school every day, walked seven miles over three years. Gunn never finished high school.

In 1894, William Gunn, aged 16, he left teaching and began to look for work. He became a peddler (selling newspapers, food …) in the train, which traveled between Texarkana and Tyler, Texas. He also worked at the cotton warehouse.

In 1901, he worked at a brokerage firm in Texarkana, and married his first wife, Rena May Smith.

In 1902, the first daughter was born – Nora. 1902 was also the first year, when Gunn made his first deal in cotton.

In 1903 Gann moved to New York. He was already 25 years old.

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Victor Niederhoffer

nyse — Tue, 26 Jan 2010 08:42:28 +0000

In April 2006 Niderhoffer Victor (Victor Niederhoffer) appeared on the evening in a New York hotel St. Regis, which brought together some 300 leading fund managers of America. Passing under the gilded chandeliers in a blazer the color of lavender, he felt that once again raised at the summit of success. In 1980-90-ies. Victor Niderhoffer created for himself a vast fortune and a reputation as one of the most prominent hedge fund managers in the United States. But his undoing excessive love of risk: before the Asian financial crisis, he played in improving Thai shares, and during the crisis – on the rise in the index Standard & Poor’s 500, using the naked option on the index. When the markets collapsed, Victor Niderhoffer overnight, lost everything – $ 130 millionth Fund and almost all of their own savings. It seemed that life has dealt him a crushing blow, but he managed to overcome the way up the second time. Speaking to the financiers, honored him in St. Regis, Niderhoffer stressed how highly appreciates “the difficult and courageous” decision to reward him after he had once failed.

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