Words of Rizdom

Market Makers EXPOSED - They Hunt YOUR Stop Losses

4 snips
Feb 19, 2025
Chris Tubby, a 50-year trading veteran and former market maker, shares invaluable insights into the trading world. He exposes the unethical tactics used by market makers to manipulate stop losses and emphasizes the importance of a solid trading plan. Chris discusses the evolution from institutional to individual trading, highlighting the significance of risk management and personal traits in achieving success. Listeners will gain practical tips on navigating market volatility, developing a disciplined trading approach, and mastering the art of timing and pricing.
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ANECDOTE

Unexpected Career Path

  • Chris Tubby stumbled into trading after getting a job offer at the London Commodity Exchange.
  • Two days in, realizing it was like "being at college but getting paid", he chose trading over accounting.
ANECDOTE

Trial by Fire

  • Early in his career, Chris covered for a colleague and successfully managed a risky situation.
  • This demonstrated his trading aptitude and led to a significant promotion and raise.
INSIGHT

Commodity Market Dynamics

  • Commodity markets operate on different fundamentals than financial markets.
  • Traders must be cautious when shorting commodities, as there's no ceiling to potential losses.
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