The Einstein Of Wall Street Reveals Successes And Failures As NYSE's Most Famous Trader
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- Опубликовано: 15 май 2024
- Known as ‘The Einstein of Wall Street,’ Peter Tuchman is one of the most famous traders on the New York Stock Exchange. He showed out investing correspondent, Laila Maidan, why coming to the floor of the NYSE still gives traders an edge over people working from home.
00:00 - Introduction
00:40 - Meet "The Einstein Of Wall Street"
00:53 - How Peter Started At NYSE
01:44 - Relevance Of Floor Trading
02:45 - Why Traders Need To Adapt
03:30 - Emotions And Money
03:50 - Peter's Biggest Failure
04:47 - Advice For Day Traders
05:45 - Beyond The NYSE
06:10 - Credits
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The Einstein Of Wall Street Reveals Successes And Failures As NYSE's Most Famous Trader
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
Exactly ! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn
Agreed, financial advisors play a key role in portfolio allocation and i've been using one since late 2019 just before covid outbreak. So far, I'm barely 25% short of $1m ballpark goal after subsequent investments.
I've actually been looking into advisors lately, the news I've been seeing in the market hasn't been so encouraging. who's the person guiding you?
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
I am regretting not investing in digital assets ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the market. What coin should I look into as a newbie to safely grow my money?
It's important to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
My CFA ’Melissa Maureen Ward’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her
I've just completed the sale of a property located in Portland and I'm considering reallocating the resulting funds into the stock market. Despite prevailing sentiments regarding its readiness, I'm unsure about the timing of stock purchases. How long until we witness a full market recovery? Furthermore, I'm puzzled by the methods allowing others in the same market to achieve gains surpassing $200k within months.
The present market conditions could offer chances to enhance earnings quickly, yet to implement such a plan, expertise is essential.
Undeniably factual. Despite my absence of prior investing acumen, I ventured into investments pre-pandemic and managed to amass a profit of about $450k within that year. Essentially, I solely relied on professional counsel.
Lately, I've been researching advisors, but the market updates I've encountered haven't been very positive. Who's your guide?
'Laurelyn Gross Pohlmeier' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I searched for her complete name on the internet and located her page. I then sent an email and scheduled a meeting to converse with her; now, I'm awaiting her response.
I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing
The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas...
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Glad to have stumbled on this conversation. Please can you leave the info of your lnvestment advlsor here? I'm in dire need for one.
Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Victoria Taylor
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has be super.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states.
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading.
I'm new at this, please how can I reach her?......
SHE'S MOSTLY ON TELEGRAMS, USING THE USERNAME
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
@@kurtKking Her name is 'Michele Katherine Singh’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
Thanks for the video. I finally established a way to increase my net income per month.
My 2024 goal is to pay off the house by Sept 2024 (8 years total into a 30 year @ 4%). I have no debt other than mortgage. My 401k, HSA, IRA and emergency funds get maxed out. The mortgage is my last piece of debt left. I don't have any school loan or CC debt. I've made a lot of sacrifices over the years. I'm almost at the debt free finish line.
Congratulations on taking the steps necessary to get yourself out of the financial bind you were in.
Your financial journey is truly inspiring, and I'm currently striving to achieve the goals you've reached. Could you please share some tips to help others learn and navigate their own paths to financial success? Your insights would be invaluable.
She's known as 'Olivia Maria Lucas'. One of the finest portfolio managers in the field.
She's widely recognized; you should take a look at her work.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website;
thank you for sharing.
This isn't the first time l've seen her name on social platform. I think her good reputation speaks for her, thank you for the recommendation I just contacted her
Contacting a consultant may sound simple. It is, in my opinion, the best way to get started in the industry right now..If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach.
I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits with Mr Sam Deymon..
He's TE LEG RAM....
@samdeymon53...... ..that's it = 4 advise.
I value your perspective and content!!depending on this current administration is a total failure I really have a question For someone with less than $15,000 to invest, how would you recommend we enter the crypto market? I am at studying some traders and copying Mr Sam's strategy rather than investing myself and losing money emotionally what's your take on this approach.
"Knowledge is what gives us leverage in life".
A crash and bullish market provides equal high-yield potential, it's all about information and strategy application, I've seen folks make huge 7figure profit in a crashing market and pull it off much easily in a bull market Unequivocally the crash/recession is getting somebody somewhere rich.
On occasion you can beat the market with blind luck, but I wouldn't depend on it. Having a science background there is a saying, 'Luck favors the informed', I've found it to be true, allowed me in great part to retire early
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
Impressive! How can I contact this advisor? My portfolio has underperformed, and I need guidance.
ANGELA LYNN SCHILLING' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
I really appreciate the dedication in each video you post. To be successful in stock markets, crypto and so on, traders should understand the crossover between asset classes & liquidity flow. Ann Elizabeth Messer focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.
I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Elizabeth Messer too? Wow that woman has been a blessing to me and my family.
Please let me know how to contact her as I'm new to this.
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
The current market/economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
My CFA ’AILEEN GERTRUDE TIPPY’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
🚨🚨🚨 SCAM WARNING 🚨🚨🚨
This conversation is bots "talking" to other bots trying to impersonate real people receiving real advice. This is a scam that happens on a lot on these financial videos.
Obviously these scammers are not very clever (most scammers aren't) and their made-up conversations are easy to detect.
The comment and author has been reported to RUclips.
Peter Tuchman, aka 'The Einstein of Wall Street,' is a legendary figure on the New York Stock Exchange floor. His presence there highlights the unique advantages of trading in person, even in our digital age.
I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320,000 in stocks. Currently, i'm down 15% in TSLA. Wondering if they're any short term opportunities to recover?
If you're looking for short term opportunities i would recommend you speak with an advisor who has a good idea of stocks.
Speaking from personal experience, I would say engage professional guidance. Not sure where you get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
I’m a Travel-Nurse, and my job doesn’t permit me the time to properly analyze my holdings/evaluate stocks myself, so I’ve had a fiduciary "Sharon Louise Count" actively restructuring my portfolio for the past 4 years
Thank you for this. I'll send her an email, and I hope I'm able to make something out of it.
My investments in stocks and crypto are not meeting my expectations. Any last minute tips to improve my situation and make more $$$? I really need some urgent advice 🙏
Keeping up with news sources like CNBC could help out
Just buy when prices are low and sell when prices rise
No lock on my side yet, just a sideways trend and a bear market crushing my portfolio. Need a bull run ASAP!
Buy more and hold onto it for the long term. Solana and Raydium seem good, and Dogecoin is worth considering too.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with
experience
A lot of folks downplay the role of advlsors until being burnt by their own emotions. Over the years, Ive been able to achieve a level of financial growth that I never thought possible, by just partnering with seasoned traders and financial advisors. This method remains highly efficient even till today
I had problem comprehending trading in general. I tried watching other YT trading channels, but they made the concepts more complicated. I was almost giving up until when I discovered your channel. I love the way you break down the content and explain everything in detail. The videos are easy to follow
I've been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?
Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face losses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies.
I will advice you should stop trading on your own if you keep losing.
If you can, then get a professional to trade for you I think that way your assets are more secure.
I'd recommend Sina Ano Bubb, her profit is great even when there's a dip
I really appreciate the dedication in each video you post. To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Michael Terpin focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. His skills set is top notch.
Michael Terpin has changed my life for good, i attended his investment class couple of weeks last year and he's the best when it commes to guidance
Was skeptical at first until I decided to try. It’s huge returns is awesome! I can’t say much.
HE IS ON TEL GRAM
*@michaeltpin*
My expectation for 2024 is that markets starts to broaden out more, with the rates cut i have a couple of questions....can I safely invest $220k in the markets? What should I do differently?
so happy to see him living his best life at this age!
Definitely I’m also Happy
"It's money, you make it you lose it".
I needed that 😀
how much have you lost?
Well explained. Thanks for bringing up the video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject…
I will love to be your friend dear as well as sharing some i dears which you're benefiting.
Okay but is not luck, is all about having good investment plans most of all trading with a trust worthy expert.
Watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.
Hey how good are your earnings I will like to get some insights into trading thank you.
Currently i can attest to the fact that I
make $18,300 weekly through trading
which is more better then my monthly salary job. Trading becomes my passive
income.
I can relate to all you said becaus am facing similar thing right now.
Congratulations I wish you more success.
PLEASE ADVISE .
I was told to spread my savings across different things like stocks and bonds to protect my retirement.with the everything being shaky,I'm considering going into Trade.?
I HAVE INCURRED SO MUCH LOSS TO TRADE ON MY OWN,I TRADE WELL ON DEMO BUT I THINK THE REAL TRADE IS MANIPULATED.
You are absolutely right.
I have same issue loosing in real trade but win in Demo.I think about giving up sometimes.
I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.
Kate Floretta
in stagram
Kate Floretta
Face book
Peter is a great person 100%!! The New York Stock Exchange is a special place, The people I met, the things I learned and experienced there are life changing and I'm glad to have cross path with Peter!
THANKS FOR THE COMPLIMENT ✅
This man ist awesome. Waking up 40 years with joy in his stomach is a dream for everybody watching this
Great Stuff... thank you for sharing this strategy!! Similar to one other that you did while ago. Can you tell me which drawing tools you use apart from the drawing of pocket option itself?? Thanks
Excellent ❤️❤️❤️
Thank you so much for Sharing ❤
💯
Having a positive mental attitude and solid risk management is the closest thing you’d find to the holy grail
There’s definitely a psychological aspect to it. Seeing my account in the red 40% was crazy. Glad it rebounded tho in the last months of 2023. I’m excited to see the gains this year!
2023, was quite the year, I enjoyed the big returns. In fact, it’s the first time my portfolio earned more than me so that was a definite switch in my mind. It obviously is fun to pay yourself with trading nothing better. I’m up ~81K in the last two months and a half :(
When some people (usually men) don’t progress in trading, they start saying things like, “Trading is a scam.”. Because their ego won’t allow them to look in the mirror and say, “Maybe the problem is me. Maybe I’m just not yet as good at trading as I think I am.”, which is one of the countless reasons why so many traders fail and I know this because I use to tell myself the same thing. Then I got rid of the notion that “I should be further along in my trading journey” and I started to progress a lot quicker until it became obvious to me that it wasn't a scam because I don’t really lose money anymore. 😂
Kudos for such a great, well-thought out and communicated message. I hate talking about trading outside of a few select individuals, it’s just too many misguided ideas; which makes sense because no one knows what they don’t know until someone teaches them better.
ah, I bet that’s true. if you don’t humble yourself, the market will do it for you.
soooo wasn't getting this until just went in to practice and WOW OMG THIS GUY IS A GENIUS THIS MAKES 100% SENSE. THANK YOU!!!!!!
this is a fantastic video!
Thanks for watching!
05:16 - MA and RSI... these have been my main GO TO things I look as a long term trader and to hear this coming from him.. makes me feel pretty darn good, they do work pretty darn good!! Absolute legend :)
ma´s never lie
Lol.. calling your self swing trader and using indicators. Fc off 🤣🤣I bet u r not profitable
indicators are bullsh*t 😅 they are lagging
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
Hello, I’m 37 and I am not worth much yet , please help me out. Bought my first house last month and I can't seem to make any other smart investment.
wanted to trade, but I got discouraged with the market price fluctuations
Can you recommend a guide for me?
Haven't you heard of Expert Chrissy Barymoer ?He gives excellent guide on the right stock with high dividend
like what you are doing! Please keep making amazing videos!
Great video! 🎉
Thank you very much for such a detailed analysis, everything became clear.
Your videos are very informative and easy to understand. Thank you for making trading accessible to everyone.
Can you do this on the USD/JPY currency pair?
Peter Tuchman's experience underscores the enduring value of the human element in trading, even in our digital age. His resilience through the tough times serves as a powerful reminder that overcoming emotional reactions to financial ups and downs is a crucial skill for any trader. 💡
With everything i hear about the market My advice to anyone starting out in the market is to seek guidance as its the best way to build long term wealth while managing your risk and emotions with the passive investing strategy
The trading market is constantly evolving with new features, trading opportunities, financial swings with sudden surprises around every corner. The best thing is to stay in shape and don’t let anything catch you on the wrong foot
Personally I stopped listening and taking financial advise from these RUclipsrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, In reality, all I needed was professional advice.
Interesting, I’ve actually been looking into advisors lately, the news
I've been seeing in the market hasn't been so encouraging. who's the person guiding you?
She goes by ‘Wendy Birkett” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
This is crazy If anyone ever told me I will be randomly be surfing on the net and come across individuals talk about Wendy Birkett will for sure doubt but this is crazy I know her and love her strategy so much wow thanks for preaching the gospel…
basket of 503 stocks...lol.....what great guy, what a great story. For a small beginner retail trader like myself, i am so happy to have this video & meet this gentleman.
The Einstein of Wall Street said a basket of 500 stocks. aka the s&p 500, i didn't hear he said a basket of 503 stocks.
He didn't say 503 stocks, I was correcting him. The S&P 500 actually contains 503 stocks, not 500 @@themiddlekingdom9121
Thank you Team for producing this great video with the most experienced and popular celebrity in the trading world. His advises is golden nuggets, be simple, and try your best. Interestingly, everyone experiences the same thing even the experienced...
3:30 Emotions
3:50 *Favorite indicators-MAs and RSI*
5:30 Don't trade on FOMO and hype
4:50*
Fomo is the day FOMC fed meeting can you please explain what is exactly is hype trading
@@user-xr6zm8cx6r falls under the fomo category. its like jumping in the trend without waiting for retrace or so on. most people lose money trying to catch top or bottom. thats another form of fomo
You're missing so many other points in this TOC.
Nice try but lacking .......
@@user-xr6zm8cx6rFOMO means fear of missing out. It's basically chasing already gone trades.
Rule No 1: Have the right "friends"
Thank you for this report....I have always wondered who the white haired, bearded gentlemen was....Peter......seen his photos many times on financial news....
Would be fun to see a collection of his many photos....elation, disappointment, fear, happiness, etc...
Nice one
4:54 "the S&P 500 for me is the most exciting indices"
👉 index not indices.
🙄
So great.
5:35 , then on what basis should we trade?
Price action and market structure
@@nn6381 thanks for the reply man
And having a solid strategy which you can easily stick to without too much cross-thoughts and worry helps. So that you don’t get confused about what action to take
Can you please tell what kind of strategies you follow that works majority of times @@MarketDaemon
r/wallstreetbets
Thanks u so very much you don't know how you have helped me and My family ️🎍
So energetic!
what give them a edge in that space? just the nummers with less delay ?
Quicker data feeds, high frequency trading tools, get news quicker’ you get the gist
can someone tell me what FOMO means??
His energy ❤
Love this guy . His story and the fact his parents survived the holocaust is compelling.
When asked about indicators, we started talking about the S&P, this should give any chart and price action trader a thought. Orders move markets, not lines.
I worked for Merrill lynch when in 2007 (Monday after the Sopranos final episode) and was able to walk the NYSE floor and spend an hour at a terminal due to a hook up connection. I haven’t seen the floor in such a way like that until this video to help me remember that day, amazing. Thank you! I’ve seen this man 1000x watching CNBC over the years.
Awesome
dont make decisions based on economic data and earnings.. so where do i get an information?
What a great guy, with a great message!
What a character, luv it.
So many stories too.
This guy is a legend!
According to a 2018 interview he does not own individual stocks. Tuchman says he has never owned individual stock and if he had to worry about his own profit and loss, he would not be able to concentrate on his customers' well-being
A true legend!
The chosen ones comes with allot of perks.
You never miss 🔥
He is absolutely right dont fomo or hype, I just loss today on dow jones because of fomo
Very, very inspiring..
I love this video
Reinvent my self wow
and ict traders say that using indicators like moving avg and rsi dont work xD
What’s the difference between this and sports betting etc…?
These guys have edge while sports betting is 100% speculation
the difference is the amount of historical data to make high probability predictions with. And also that the stock market is rigged to go up because of the influx of retirement fund money.
You have less data in sports betting.
Also you can only bet before a match, you can't exit and take minimal loses if things go south like you can in trading. In trading you can enter/exit whenever you want.
I mean they are nothing a like.
@@infinitechoices1641brother can you help me how to trade and what is stock market I'm beginner I want to learn
I fail to understand, How is trading on floor better than trading from home? he kept saying it, but there were no reasons/arguments for it.
There are people around you who supposedly know what they're doing. There are tools you also don't have access to at home, at least without having to pay a minimum of 50k a year. You could probably achieve a similar setup at home, but it'll cost you much more and you'll have to spend more time on it instead of studying the markets. But yeah, he seems to be exaggerating this part without showing any evicence.
delay. Your home datafeed usually lags some ms behind so those people can keep their edge over you. On top of that comes the delay to your broker. The time your order gets executed those guys are already in profit.
"those who are higher up on the data totem pole have an advantage against everyone below them by design. Thats why I can make money and you can't. I pay for access to high enough level data that you aren't allowed to see."
All Pit Traders from Chicago disappear and they blamed Computer traders and technology, but we missed those Red, Yellow, Blue shirt guys and their cigars too
He’s a great guy
Let this be a lesson to all wannabee traders. Even this guy, who has been making a living right at the centre of the action had two years when he made no money and was close to giving up. That's how difficult trading is. Kudos to Peter for his persistence. Experience pays off....
"In 2006 I literally spent 2 years not making any money".... Those long years are tough!
I had such an experience sometime….😂
But it was Peter Tuchman who helped me grow financially.
Trading the stock markets isn’t an easy task, my best advise is a prop firm or using Blockvault markets.
This man is legendary
Peter hold on! I’ll met ya there soon ✨
Why has he got a Teofimo Lopez sticker lmfao
He's The Man...
Peter TUCHY Tuchman
True Gem...
Uncle P is my guy 👴 💪🏾📊
The Year 1650 wow
This is how a man with money 🤑. Looks like how happy he is❤
Oh Peter!!! we love you man!!!! love from TopStep traders
Economic data and earnings is the basis you SHOULD trade off of since those are what influences investors' decisions for a given currency/stock/index. Pair it with price action, structure, volume, SND, imbalances and you're set.
RSI and moving averages isn't the market, they FOLLOW the market.
Market action discount everything
cool
“They get emotional about money, they get emotional about a trade but it’s money! You make it and you lose it.”
What a great ambassador of the stock exchange. What a great survivor! ❤❤
@The Inner Circle Trader its the Eintein of trading
How do they have an edge on the trading floor?? Anybody can trade 24/7 now.
he's grate man this work is my dream
БАМ!) Вот так заход)) красава, давай еще такие видосы!
i have those butterflies too…🙃
This field is the only place where a teacher cannot call himself a teacher. if you’ve wisdom you will understand the wisdom behind it.
And just like any other trader, no one gives a flying F at the end... lol
Can't relate since most of this is automated now by algos...
It’s really about building your own foundation and laying down your own concrete ..getting a clear understanding and working only on it. what investors say only interest me to Research more about!!
6:20 Peter has more energy as young people when they are 25 years old!
🤣😂🤣😂 the same people that said bitcoin is a pet rock
the wise old man
You got to love what you do in order to run long.
Superjew
Bro said superjew🤣🤣🤣🤣🤣