His humble beginnings as a hunter in the cutthroat trade of Japanese warrants were traumatic for Gary Norden as a teenager. As this volatile market began to crumble, Gary saw first-hand how star traders could easily lose huge sums of money as their past gains were eroded by overconfidence and poor risk management. did. This made Gary realize the importance of being risk-averse in order to stay in the game. Practicing order flow trading hundreds of times a week has given Gary an edge in this lost art.
About Gary Norden:
Gary’s trading career spans over 30 years. Gary has gone on to become a senior his trader at many global investment banks including NatWest His Markets and his ING Markets since just when he was given his first derivatives trading book by a Japanese investment bank at the age of 18. became. In the mid-1990s, he spent many years in the LIFFE trading pit as a “local” option market maker.
Disclaimer
Trading in financial markets involves the risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.
Topic and timestamp:
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- 0:00 Introduction
- 4:45 Trading in the pit and its challenges
- 6:55 Get trained to trade warrants and options
- 9:45 Mistakes made by traders
- 13:50 Get a good education
- 17:15 What causes star traders to lose their edge?
- 20:13 Order flow trading
- 25:46 Target weak players
- 29:55 Rise of automation reduces skills
- 35:00 Issue with holding trades longer than a few seconds
- 39:45 HFT and its dangers
- 44:10 Meme stocks and abnormally high IV
- 49:25 Short squeeze
- 54:55 Hedge fund management
- 59:05 Types of markets that hedge funds are involved in
- 1:04:00 Gary’s biggest struggle as a trader
- 1:06:10 How to get to Gary
Links and resources
- Website: https://garynorden.com/
- Website: https://nordenmethod.com/
- Website: https://learnoptions.net/ (free basic options course)
- YouTube: https://www.youtube.com/channel/UCyhuEif33w7uZd48lG66qEQ