**MARKET WIZARD** ALERT

MARK D. COOK --- Farmer/Broker
& A Option Buyer

A thread in Collaboration with @kalpeshmewada49

MARK D COOK has a very interesting market story.

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

After that, he made lots of money selling options(Short straddle) and then blew all and much much more over a single trade(1982).

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

He took a break from trading after the 1982 debacle and started again in 1984

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.

One indicator he developed is what he called - "tick", which is the number of New York Stock Exchange stocks whose last trade was an uptick minus the number whose last trade was a downtick. When the market goes
up, the tick will be +=VE, and when it's going down, it will be --Ve.