Mark Weinstein: High-percentage Trader
- Thread starter ukxgerard
- Start date
Well HE said his trading Style was In Day be sparrow and at night be a cheeta something like that.... So he is taking small profits conciously and on other hand waiting for perfect timing for doing large time frame trades... Number of risky trades he did?
Wrong; Schwager saw proof of option contest win.
Also he admitted on a huge loss on soybeans- you doubt that also?? LOL
I just re-read market wizards, googled him and this topic came up. haha
He mentions he takes profits / losses tight. The key was that he picks trades, so his downsides/upsides losses is limited even though hes wrong.
I believe Mark's strategy got him a near-100%-win.
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Most likely ,Ark,but he admitted markets were good then;
and he disclosed a half million soybean los$, so that shows even with a HI %%, easy to blow UP !! And he lost 50% /+ of his account.Wonder how many doubt that LOL?? Wisdom is profitable to direct. Also Schwager saw proof of his option contest win......Fun read.
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One of my many favorites in Schwager's top trader books also;
including his verified 100k into $900k option trading contest with no pyramiding.
I am 99% [high- %, but not 100% ] sure I saw him at a lbrgroup.com
photo , they were eating a meal at the same table, try that.
Post back here with any more hi-% valuable pattern fragments of course
Hello All,
I am bumping this thread. Despite his notoriety Mr. Weinstein continues to remain well clear of the limelight.
I am attaching a photo from the LBR website which Murray TT has alluded to above. Could this be the elusive Mr. Weinstein (my guess is probably not)?
Does anybody have details about the CBOE option contest that he participated in? I would guess this contest took place between 1983 - 1985 and subsequently Mr. Jack Schwager was able to verify that Mark Weinstein ran up an initial 100k stake into 900k (without pyramiding) with 100 per cent winning trades over a three month period
I would presume these details would be have been made public or semi-public.
Does anyone know if Mark is still trading or better yet how to get in contact with him?
Best Regards
Gerard
Attachments
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Dont know Mr UK; but i 'm thinking about reading that interview again. Remember he said something like markets were real good then...........................................
%% It was 100 % wins in the option trading contest win. Note he said ''near 100 % wins'' nowhere did the Jack Schager book claim it was that high over time. Thanks
Experience in stock, option and futures trading. This must be the guy:
https://www.linkedin.com/in/mark-weinstein-659841a
https://www.linkedin.com/in/mark-weinstein-659841a
Do you seriously expect to get in touch with him? And if you did - do you expect he would be mentoring you?
It seems like most successful individual traders shun publicity. Recall that many of the traders in Schwager's books declined the initial interview and had to be persuaded hard to do it, including Mark Weinstein.
The most successful known trader here in Norway has never talked to the press, ever. In fact, there only exist one single picture of him. He's a ghost.
Anyway, Mark Weinstein was certainly one of the most interesting characters in that series. For what it's worth, I do think it's possible to achieve the results he's claiming.
It seems like most successful individual traders shun publicity. Recall that many of the traders in Schwager's books declined the initial interview and had to be persuaded hard to do it, including Mark Weinstein.
The most successful known trader here in Norway has never talked to the press, ever. In fact, there only exist one single picture of him. He's a ghost.
Anyway, Mark Weinstein was certainly one of the most interesting characters in that series. For what it's worth, I do think it's possible to achieve the results he's claiming.
Not sure to whom you are talking to, but OP is 11 years old, and the last post from OPer is 9 months old and he hasn't been here for a while.
The Linked in profile is indicating Weinstein isn't trading anymore but tax advising. Also everyone can have the right strategy for the right times, that doesn't make one a genius just probably ballsy if he dares to push his edge.
Edges tend to die over the long run...