Episode 001: Peter To – Practical Trader Improvement Exercises, The HFT Boogeyman, and Prop War Stories
My first guest is ex-proprietary day trader Peter To, who now trades independently. I first found Peter through the Chat With Traders podcast and his amazing blog which can be found at ptotrading.blogspot.com.
In this podcast we talk about:
- A recent study which asserts that consistent day trading profits are near-impossible.
- Trading with “the world’s worst prop firm” during Hurricane Sandy
- Peter’s thoughts on high-frequency trading’s affect on the markets he trades
- Why 1990s prop trading was the golden era of trading.
- How traders can develop techniques outside of ‘vanilla’ technical trading strategies
- Is shorting parabolic penny stocks a ‘crowded trade?’
- Modelling market behavior to refine your trading edge
- How Twitter has become a digital prop desk
- Updates on two trades Peter has blogged about
- Day Trading for a Living Study?
- Peter’s blog
- Peter’s twitter
- Peter’s CETC Trade: Being stuck short a stock and still being charge borrow fees
- Peter’s great post on why he thought buying the dip in the S&P in December 2018 was a home-run trade
- Peter’s interview with Chat With Traders
- Peter’s favorite trading book: Dark Pools – The Rise of Machine Traders and the Rigging of the US Stock Market