
Confessions Of A Market Maker Episode #106: Chris Cady & Steven Hawkins talk Market Profile, Its Beginnings and Its Evolution
5 snips
Apr 19, 2023 AI Snips
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Episode notes
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.
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.
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.
