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Tag Archives: trading

Considerations in Decision-making – Gary Barnett Feature,MarketsWiki Education,MWEd,Video,video

“The regulator has to be an enabler. But their mission is to protect investors and help preserve the quality of the market. There’s a mission there that has to be preserved in the face of change.” In this video from MarketsWiki Education’s World of Opportunity event in New York, Gary Barnett, deputy director, division of trading and markets with the Securities and Exchange Commission, explains the importance of decision-making. Barnett studied philosophy in college and was great with numbers and understood cash flow, but avoided public speaking. He quickly realized it was a fear he needed to conquer. The ability…

NYSE Wants Delay on End-of-Day Co. Announcements; T+2 Settlement; Banks join forces to create digital currency John Lothian Newsletter,Newsletter

First Read Hits & Takes Today’s featured speaker from the MarketsWiki Education World of Opportunity series in Chicago is Michael Patak of TopstepTrader.~JJL The very last page of Deutsche Boerse‘s 425th anniversary pamphlet covering its chronology from 1585-2010 simply says “Part 2 of this booklet will be published in the year 2435.” Who says the Germans don’t have a sense of humor? ~SD Did you know that Megan Morgan of Eurex created a charity named “One Refugee Child” to help give out strollers to refugees on their migration?~JJL If you would like to see a man hold a Starbucks coffee…

The Game of Trading – Michael Patak Feature,MarketsWiki Education,MWEd,Video,video

“If you look at this from a game mentality, you can get trading down. You don’t have to be a Harvard grad or anything like that. You can be a country boy from Nebraska.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Michael Patak, founder of TopstepTrader, analyzes the game of trading and how to find success. After suffering three $30,000 losses while trading during college, Patak retooled his approach and subsequently started TopstepTrader. The simulation platform at TopstepTrader helps new traders learn how to manage risk and maintain discipline. If they can prove they are…

How to be a Successful Trader – Jennifer Wilson Feature,MarketsWiki Education,MWEd,Mwiki,Video,video

“People who do well, they stick around. They invest more money and make the markets more efficient. People who don’t do well generally move on pretty quickly to other opportunities.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Jennifer Wilson, partner at DRW, discusses what it takes to be a successful trader in today’s markets. When Wilson was starting out in the late ‘90s, the floor was a microcosm of pure commerce. Traders were doing what was best for their book which created a steady balance of supply and demand. In today’s electronic markets, things operate…

Steve Hamilton, CurveGlobal – Demystifying the Current Trading Environment Feature,MWEd,Video,video

Steve Hamilton, COO of CurveGlobal, doesn’t buy the over-the-top headlines about the state of trading. To him, the evolution of the market has been logical, and not as drastic as some would have you believe. The bottom line is that people still make trading decisions based upon risk taking and risk mitigation, and then discover price in order to execute their strategy. The change has been the venue where this occurs — a screen rather than a pit.    In this video from JLN’s MarketsWiki Education event in London, Hamilton runs through the shift from the pits to the screen,…

Bill Looney, CBOE – The Champions’ Mindset Feature,MarketsWiki Education,MWEd,Mwiki,video

“The more you apply your inherent skill set to a job, and the more that job requires your inherent skill set, the greater the formula is for success. And, more importantly, the happier you’ll be.” Bill Looney is a real Renaissance man – institutional sales trader, client services executive, jazz drummer, amateur pilot and professional golfer. He also knows the stuff of which champions are made. He tells the story of Dustin Johnson, winner of the 2016 U.S. Open golf tournament, who found himself at the center of a controversy when his ball “may or may not have” moved just…

Kenny Polcari, O’Neil Securities – Charting a Career Feature,MarketsWiki Education,MWEd,Mwiki,Video,video

“Let me go and check this out. I’m either going to love (an intern job at the NYSE) or I’m going to hate it. If I hate it, OK, chalk it up to experience, but if I love it, it may change the course of my life. And, in fact, it changed the course of my life.” Market strategists love to follow charts. They look for trends, breakouts and key reversals. They pay close attention to entry points and exit strategies. Most importantly, they know they must concentrate not on the last trade, but rather the next one. In this…

Lanre Sarumi, RiskBone – Your Heart vs. Your Talents: Success Mindset for the Financial Industry Feature,MWEd,Mwiki,video

“It turned out that what I was good at became what I was doing.” Lanre Sarumi entered the financial markets for one reason alone – he wanted to be a trader – yet he struggled to find a bank or trading group willing to hire him as one. He eventually took a job as a systems developer at Citadel Investment Group, where he led teams that designed risk solutions for the back and middle office. Though he was great at building risk solutions, his heart was in trading, so every time there was an opportunity to move into a trading…