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An Inside Look at Trading in Today's Markets (Collection) by Alexander R. Webb, Robert I. Webb, Mike Bellafiore

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1. The Nature of Trading

“You always need a catalyst to make big things happen.”

—Jim Rogers1

The market is losing $718 million per second. The clock is ticking. Millions—no, billions—down the drain. Your positions are getting eviscerated. Down, down, down. What should I do? What can I do? What is going on?

This is not a scenario out of a movie—it really happened during the Flash Crash of May 6, 2010. Considering the complexity of the modern market, it is a matter of when, not if, it will happen again.

In a market where high-frequency traders (HFTs) account for 84% of U.S. stock trading volume, how can you make money?2 In a world of uncertainty, how can you minimize risk and maximize profits?

What moves stock prices? What moves the overall stock ...

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