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On this episode of the Words of Rizdom podcast we are joined by The Einstein of Wall Street also known as Peter Tuchman. Peter has been an institutional trader for over 30 years on the NYSE floor. He worked his way up from just a temporary job on the floor to becoming the most famous and well known trader on the New York Stock Exchange. He shares with us the history of the NYSE and the evolution of trading in the pits to electronic trading. He highlights the key differences between winning traders & those who lose. Plus so much more from his decades of experience. We know you will LOVE this episode, enjoy!

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Connect with Words of Rizdom:

https://instagram.com/wordsofrizdom

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Connect with our guest:

https://www.instagram.com/einsteinofwallst

https://x.com/einsteinowallst

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Timestamps:

00:00:00 Peter Tuchman: The Einstein of Wall Street

00:07:49 The History of the New York Stock Exchange

00:11:40 Starting a Career in Trading: Teletypist to Broker

00:15:25 Evolution of the Trading Floor: From Brokers to Technology

00:19:12 The Rise of New Traders During the Pandemic

00:23:02 Adaptation and Challenges in Modern Trading

00:27:20 Historical Market Crises and Opportunities

00:31:14 Understanding Market Dynamics and the Role of Market Makers

00:34:50 Transitioning from Paper to Handheld Technologies

00:38:46 Debates on Trading Styles: Technical vs. Fundamental Analysis

00:42:28 Day Trading Essentials: Becoming Profitable

00:46:22 Mastering Technical Analysis for Trading Success

00:50:30 Managing Trading Losses and Emotions

00:54:45 Lessons from Historical Market Crashes

00:58:31 Lessons from the Dot-Com Bubble and Yahoo's Rise and Fall

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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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