Confessions Of A Market Maker

Episode #106: Chris Cady & Steven Hawkins talk Market Profile, Its Beginnings and Its Evolution

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Apr 19, 2023
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ANECDOTE

Starting On The Trading Floor

  • Chris Cady described starting on the exchange in 1980 and being paid $250 as a clerk before becoming a member.
  • He emphasized the frenetic, almost theatrical atmosphere of the trading floor as formative to his career.
ADVICE

Learn Profile By Watching Live

  • JJ advises new traders to watch live Market Profile fills on Zoom to learn where buying and selling occur.
  • He recommends mastering one market first and using profile levels to build confidence.
INSIGHT

Profile Visualizes Auction Dynamics

  • Steven Hawkins frames Market Profile as visualizing the auction process and price acceptance or rejection.
  • He stresses scanning multiple markets to find the cleanest setups rather than forcing one market.
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