I'm not watching no damn Youtube video filled with ads, clickbait, bs...sum it up in your own words here, And besides, that guy was busted for insider trading for a while and closed up shop just to start another. Fund Managers are bogus...they charge expensive fees just to match or underperform the S&P
Are you not going to watch it? You watch first. Then let us know how it is. Then we will decide whether to watch it or not. Anyway, next (un-watched) video please.
Steven Cohen is said to be the most profitable day trader of all times, like most winning trading firms he now trades over a shorter & longer time frame.
His outsized profits were based on insider trading... nothing more. Inside the government’s crackdown on insider trading, drawing on exclusively-obtained video of hedge fund titan Steven A. Cohen, incriminating FBI wiretaps, and interviews with both Wall Street and Justice Department insiders. (Aired 2014) This journalism is made possible by viewers like you. In November 2013, hedge fund giant SAC Capital agreed to plead guilty to what prosecutors called “insider trading that was substantial, pervasive, and on a scale without precedent in the history of hedge funds.” “To Catch a Trader” goes inside the suspenseful and compelling story of this unprecedented government investigation, as correspondent Martin Smith traces how an insatiable search for trading “edge” ultimately doomed some of the most successful names on Wall Street.
That's what I thought. How can an ordinary Trader learn anything from Stwve Cohen the Insider Trader.
It was one of his many employees that was charged with insider trading - not Cohen. Cohen had been accused of failing to properly supervise Matthew Martoma, portfolio manager at his former hedge fund, SAC Capital Advisors, who was found guilty of insider trading in 2014. Cohen was never charged by prosecutors, but in 2013 SAC as an institution agreed to pay a record $1.8 billion fine. Cohen made a fortune decades before as a bedroom day trader. https://www.pbs.org/wgbh/frontline/article/steven-cohen-settles-insider-trading-case-with-sec/