The importance of trying out different trading strategies and learning from failures to find profitable approaches.
The significance of having access to market maker routes, dark pools, and resources for efficient execution of market making strategies.
Deep dives
The importance of trying different trading strategies
One key point from the podcast is the importance of trying out different trading strategies. The guest speaker emphasized the value of exploring various approaches to find what works best for each individual trader. He shared his own experience of trying out multiple strategies before finding success. He mentioned that it is necessary to be open to failure and learn from it, using failures as stepping stones toward finding profitable strategies. The guest speaker also highlighted the importance of believing in oneself and having a supportive network of experienced traders who can provide guidance and reassurance.
The significance of access to market maker routes and resources
Another main point discussed in the podcast was the significance of having access to market maker routes, dark pools, and resources. The guest speaker mentioned that having these tools can give traders an edge and improve their ability to execute market making strategies effectively. He emphasized the importance of liquidity and efficient order execution, particularly for market making strategies. The access to resources and low cost structure provided by their firm was acknowledged as a contributing factor to the guest speaker's success.
The need for flexibility and adaptability in trading
Flexibility and adaptability were highlighted as important qualities for traders to have. The guest speaker emphasized the need to be open to trying new things and being willing to adapt one's strategies based on market conditions. He shared that he had tried and failed with multiple strategies before finding the ones that worked for him. The ability to quickly react to changing market dynamics and adjust trading approaches accordingly was emphasized as a crucial aspect of achieving consistent profitability.
The value of learning from experienced traders
Learning from experienced traders and surrounding oneself with knowledgeable mentors was mentioned as a valuable aspect of the trading journey. The guest speaker emphasized the benefits of being part of a supportive and resourceful trading community. Having access to guidance and advice from more experienced traders can help traders navigate challenges, develop profitable strategies, and avoid common pitfalls. The importance of finding a mentor or community that aligns with one's trading style and goals was highlighted as a way to accelerate learning and progress as a trader.
Krishna Joshi is the head trader at Seven Points Capital office in Florida. You will find his story unique because he originally was trading oversees in a totally different market and was able to bring his experiences and lessons to the US Stock Market. We dive deep into how he was able to do this, how it was for him when he first started at Seven Points Capital, and one of his favorite strategies.
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