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Copyright © 2024. All Rights Reserved. Stock traders can trade on their own account, called proprietary trading or self-directed trading, or through an agent authorized to buy and sell on the owner's behalf. That agent is referred to as a stockbroker. Agents are paid a commission for performing the trade. Major stock exchanges have market makers who help limit price variation (volatility) by buying and selling a particular company's shares on their own behalf and also on behalf of other clients. Proprietary or self-directed traders who use online brokerages (e.g., Fidelity, Interactive Brokers, Schwab, tastytrade) benefit from commission-free trades. Local connectivity It is conjectured that the Mandelbrot set is locally connected. This conjecture is known as MLC (for Mandelbrot locally connected). By the work of Adrien Douady and John H. Hubbard, this conjecture would result in a simple abstract "pinched disk" model of the Mandelbrot set. In particular, it would imply the important hyperbolicity conjecture mentioned above.[citation needed] The work of Jean-Christophe Yoccoz established local connectivity of the Mandelbrot set at all finitely renormalizable parameters; that is, roughly speaking those contained only in finitely many small Mandelbrot copies.[23] Since then, local connectivity has been proved at many other points of , but the full conjecture is still open. Masayoshi Son achieved fame as a stock investor after a successful and very profitable early-stage investment in Alibaba Group and the subsequent morphing of his own telecom company Softbank Corp into an investment management firm called Softbank Group.[8] However, a series of failed high-profile investments prompted criticism on him.[9][10] The problems with mutual fund trading that cast market timing in a negative light occurred because the prospectuses written by the mutual fund companies strictly forbid short-term trading. Despite this prohibition, special clients were allowed to do it anyway. So, the problem was not with the trading strategy but rather with the unethical and unfair implementation of that strategy, which permitted some investors to engage in it while excluding others. All of the world's greatest investors rely, to some extent, on market timing for their success. Whether they base their buy-sell decisions on fundamental analysis of the markets, technical analysis of individual companies, personal intuition, or all of the above, the ultimate reason for their success involves making the right trades at the right time. In most cases, those decisions involve extended periods of time and are based on buy-and-hold investment strategies. Value investing is a clear example, as the strategy is based on buying stocks that trade for less than their intrinsic values and selling them when their value is recognized in the marketplace. Most value investors are known for their patience, as undervalued stocks often remain undervalued for significant periods of time. Some investors choose a blend of technical, fundamental and environmental factors to influence where and when they invest. These strategists reject the 'chance' theory of investing, and attribute their higher level of returns to both insight and discipline 2024-03-04 13:03:59 +00:00 Nov 8, 2024