B The Trader
Full-time Trader of 20 Years Explains When to QUIT
Oct 14, 2024
A seasoned trader shares insights on adapting to significant regulatory shifts in the OTC market since 2021. The discussion highlights the paradox of high trading volumes amidst fewer available stocks and the psychological hurdles traders face. Strategies for navigating penny stocks are explored, along with the critical importance of refining exit points to boost performance. Personal stories illustrate the challenges of trading psychology, emphasizing the balance between persistence and adaptability for long-term success.
27:07
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Quick takeaways
- The evolving OTC market, driven by increased regulations, necessitates traders to reevaluate their strategies and exit points.
- Tracking and analyzing exit strategies systematically can significantly enhance trading performance and reduce emotional decision-making in trading.
Deep dives
Adapting to Regulatory Changes in OTC Trading
The podcast discusses significant changes in the OTC market, particularly due to increased regulations that began around 2021. Many stocks that were previously traded went away as companies failed to meet mandatory reporting requirements, effectively shrinking the available pool of stocks. As a result, the trader mentions that the nature of liquidity has also changed, as the number of trades has dramatically decreased while volume may remain high, highlighting discrepancies in market activity. This shift poses challenges for traders who have relied on a more lenient regulatory environment and prompts a reevaluation of strategies and exit points.
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