Words of Rizdom - Trading Podcast Scalping Will NOT Beat The Trading Algorithm - US Trading Champion
Mar 6, 2025
Andrew O'Connell, CEO of Pristine Capital and a standout performer in the US Investing Championship, dives into his controversial views on scalping and algorithms dominating trading. He explains the critical mindset and routines for consistent success, emphasizing the need for resilience and adaptation. O'Connell shares his techniques for effective trading strategies while highlighting the psychological challenges traders face. His insights on market dynamics and the importance of a solid trading plan make for a captivating listen!
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Robots Dominate Short Timeframes
- Shorter timeframes mean your competition is often algorithmic and faster than humans.
- You are unlikely to consistently beat robots scalping the one-minute charts without algorithmic speed.
Cut Losers Fast, Add To Winners
- Cut losses quickly and stop adding to losing trades to preserve capital.
- Add size to winning trades instead, which turned Andrew's good year into an excellent year.
From Vanguard Desk To Full-Time Trader
- While at Vanguard Andrew moved from brokerage to the fixed income trading desk and learned market mechanics firsthand.
- He then got kicked out of a development program for compliance violations and went full-time trading.