Peter Davies / 2 min read
Share:

Pro Trader Gary Norden Interview - English/Portuguese subtitles

I have to give Kudos to Rafael at DayTrader Pro for this interview with Gary Norden - mostly because I've never seen anyone squeeze so much information from Gary in one session. Great topics covered and great counter-questions from Rafael on Gary's answers. It's in English with Portuguese subtitles.


 

Overview

  • Up to 0:50 is Portuguese, after that it's English with Portuguese subtitles.
  • How professionals can spot fake vendors "Those that have been traders our whole lives, we can tell the sell side very quickly, The things they say and the way they talk a professional trader can see straight away, that they are not a trader. New Retail traders cannot tell the difference."
  • Behavioral finance - and whether it fits TA or disproves it. Gary discusses heuristic shortcuts humans make (e.g. tiger, run) which served us well historically but don't help in trading. Gary discusses Representative Bias as an example.
  • Random rewards, the outcome & the potential addiction to random rewards.. 
  • The cycle of trader improvement. The impact of trading frequency.
  • Gary's experience in the pits before screen trading existed and the difficulties pit traders had with early trading platforms.  He discusses how he and a number of traders transitioned to screen trading when it started.  
  • The key differences/edges on the floor. Why Gary pines for the floor days & why the banks didn't like them.
  • What a market maker actually is - what they do. The difference between the options pit market makers and the futures pit traders. Also discusses the Market Making in banks.
  • How Gary and Jigsaw came to collarborate on the Market Making Manual.
  • How Gary researched and created his book on Techincal Analysis.
  • The difference between focusing on large trader activity vs picking off small trader activity.
  • The parallels he sees with playing poker.
    New call-to-action

Leave a Reply

Copyright Jigsaw Trading © 2024

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.

Jigsaw Leaderboard
Note that the Jigsaw Leaderboard contains a mixture of SIM/Live Traders. For many traders, you can click by their name to see the trades along with the SIM/Live designation.

The following is a mandatory disclaimer for SIM Trading results:

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS.