Market Makers EXPOSED - They Hunt YOUR Stop Losses
Words of Rizdom
Intro
This chapter explores the complexities of market making and how market makers seek to exploit traders' stop losses. It features lessons from a seasoned commodities trader on the importance of a solid trading plan and the value of simplicity in trading strategies.
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On this episode of the Words of Rizdom podcast we are joined Chris Tubby. Chris is a 50 year trading veteran who's career began in commodities, and became a senior trader at the age of 22. He moved into the financial markets in 1982 and I started trading his own capital as a prop trader 37 years ago. Three weeks before 9\11 he became a market maker an Italian Bank and consulted for the London Stock Exchange Group. In this podcast we discuss market makers and the unethical practices they make to take advantage of retail traders, how to develop a perfect trading plan and the key traits of successful traders compared to the other 99%. I hope you guys enjoy this incredible episode!
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Connect with our guest:
Website: https://trading4tomorrow.com/
For daily newsletter, testimonials, trading roadmap: Website: https://trading4tomorrow.com/
Trading courses: https://trading4tomorrow.com/all-courses/
Trading cheat sheet: https://trading4tomorrow.com/trading-cheat-sheet/
LinkedIn: https://www.linkedin.com/in/chris-tubby-15008615/
Contact Chris: chris@trading4tomorrow.com
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Timestamps:
00:00:00 Introduction To Chris Tubby
00:04:52 A Passion for Trading: Early Career Reflections
00:09:36 Navigating Early Trading Challenges
00:14:18 Utilizing Volatility for Market Opportunities
00:18:59 Understanding Commodity Trading Dynamics
00:23:56 Evolution of Manual Trading Techniques
00:28:46 The Rise of Electronic Trading and COVID-19 Impact
00:33:28 Market Making Strategies Post-9/11
00:43:54 Surviving Financial Crashes: Lessons from 2008 and COVID-19
00:48:25 Strategies for Managing Open-Ended Trades
00:53:10 Understanding Market Trends and Strategies
00:57:35 Choosing the Right Asset Class: Futures vs. CFDs
01:02:18 The Art of Trading Simplicity
01:07:16 The Importance of an Edge in Trading
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Disclaimer:
The content on Words of Rizdom is for informational and educational purposes only. We are not personally affiliated with any of the guests featured in our episodes. Our role is solely to interview them and share their insights, experiences, and expertise. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom. Always carry out your own research and seek professional advice before making decisions based on the content shared.
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