
Episode #63: Former Market Maker Talks Biggest Headlines in Trading 2021
Confessions Of A Market Maker
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Is It Necessary to Use Wider Ranges?
I don't believe in using big stops. If you have a million dollar account and you're used to trading volatility and big ranges, then you widen out your stops a little bit because you kind of know what you're doing. But when it goes to that, I would rather trade the extreme edge of those ranges. Then trade the middle of it with a longer stop,. The problem is the ranges are so big because the market makers are not absorbing inventory at every level if they had a big buy order from institutions. So there's lots of sitting and waiting. Like today I took one, I didn't even trade today and I didn't trade yesterday. You know, and I'll sit
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