059: Daniel Goldberg – Being Alert to Market Conditions, and Trading Within a Prop Firm
Chat With Traders
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The Importance of the Price Ladder for Trading
The price ladder is basically your market depth and it's how I would say 95% of the industry trades with whatever their market is. So you'll be able to see what orders are sort of running down the ladder to 19 and what orders are running up the ladder to about 40. You will, for example, I don't know if the Eurostox runs down to 80 today, you might be thinking, OK, I want to buy 2880s. But as it gets there, you'll start monitoring the price action. Are the sellers more aggressive? Are the sellers in control? Are people pulling their bids off of the ladder because they're too nervous? When it gets to your
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