Episode #91: Jim Dalton Sharing His Wisdom of Over 50 Years in the Market-The Godfather of Market Profile
Confessions Of A Market Maker
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What Is Inventory?
I was trained by floor traders, you know, when they were coming off the floor in Vancouver. So I completely took to the way you instructed and you were the first person to ever talk about inventory. You find that about 70% of the time, the traders from overnight get it wrong and you get a counter auction or a correction relative to overnight inventory. The larger more institutional type traders don't trade overnight because the market's too thin. They get very exasperated when they go to buy a normal size and it's spread out over many ticks.
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