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 ...
Get An Inside Look at Trading in Today's Markets (Collection) now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
