a fiasco

Thomas R.. Demark / Thomas R. DeMark

Trader and Consultant Tom DeMark (Tom DeMark) recently invented dozens of original technical indicators and relies solely on technical timing principles in his research and trading. He even signed up for the CFA program once. (certified financial analyst - certified financial analyst), but decided not to go through it to the end. “Markets in the long term are characterized by basic. But my indicators measure psychology - that's what, what does technical analysis do ", - Demark explains. DeMarke's first immersion in the world of finance occurred after graduating from graduate school in two specialties - business and legal, after which, in the early 70s, he was hired as a fundamental analyst at the National Investment Service, located in Milwaukee (PCS. Wisconsin). The firm managed pension assets and assets with a joint profit of about 300 million. Doll., investing mainly in securities and fixed income shares. The strength of the National Investment Service was in timing. Demark, however, this is how he remembers his first job: “I was a professional errand boy. I was the lowest in the company, but rose quickly, because he knew how to choose the time for operations ".

Victor Niederhoffer / Victor Niederhoffer

In April 2006 of the year Victor Niederhoffer (Victor Niederhoffer) appeared at an evening at New York's St. Regis, where about 300 America's leading fund managers. Walking under the gilded candelabra in a lavender blazer, he felt, that again rose to the top of success. 1980-90s. Victor Niederhoffer has built a huge fortune and a reputation as one of the most prominent hedge fund managers in the United States.. But he was ruined by an excessive love of risk.: before the Asian financial crisis, he played for the rise in Thai stocks, and during the crisis - to increase the Standard index&Poor’s 500, using uncovered options on the index. When the markets crashed, Victor Niederhoffer lost everything overnight - a $ 130 million fund and almost all of his own savings. It seemed, life dealt him a crushing blow, however, he managed to overcome the path up the second time. Speaking to financiers, honoring him in St. Regis, Niederhoffer stressed, how highly he appreciates the “difficult and courageous” decision to reward him after, how it crashed once.

Scroll to Top