Are you ready for another episode of Confessions of a Market Maker with Ray & JJ?
In a very entertaining & educational episode 110, JJ and Ray catch up on their recent travels and discuss the current market conditions.
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Hey everyone,
Are you ready for another episode of Confessions of a Market Maker? In episode 110, JJ and Ray catch up on their recent travels and discuss the current market conditions.
JJ shares his experiences in France and England, while Ray talks about his life in South Florida. They also touch on the slow summer trading season and how to approach trading during this time. Despite the slow season, the market has been volatile with large intraday ranges, which can be challenging to trade. The hosts suggest managing positions with size and taking smaller scalps to avoid getting caught in the market's swings.
The hosts also discuss the recent rallies in the market, which have cost bears billions of dollars. They mention the limited supply of stocks in the market, using Apple as an example. They explain that the stock only trades a small percentage of its available shares on a daily basis, due to the large amount of stock held by institutions and the difficulty of selling such a large amount of shares at once.
The conversation then shifts to the potential of AI and its impact on trading and other industries, as well as the SEC's recent lawsuit against Binance for unregistered securities operations. The hosts express their skepticism towards the SEC's ability to regulate crypto and suggest that the move may be a coordinated effort by Wall Street to gain control of the market. They also briefly mention the approval process for Bitcoin ETFs and the role of investment bankers in creating and selling financial products.
Lastly, the hosts mention some housekeeping notes, including a new agreement with a Wall Street prop firm, a Twitter Spaces session, and a discount code for their micro futures trading room. They end the episode with a shoutout to the podcast's sponsors and a call to rate and review the episode.
As JJ and Ray always say, "trade well and trade disciplined." So, don't miss this episode and tune in to Confessions of a Market Maker now!
"Despite the slow season, the market has been volatile with large intraday ranges, which can be challenging to trade." - JJ
You can listen & watch the complete podcast episdoe at Confessions Of A Market Maker
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