started out in 1981 as a runner then phone clerk, desk manager,
arbitrage clerk worked my way up to a broker.
Then in 1983 I
went on my own as a local, I spent my entire adult life on the floor of
the Chicago exchanges as a scalper and with the advent of electronic
trading I realized that the playing field had changed and so, now I had
to change my style of trading, I took a second look at Market
Profile and I became a student of it.
J. Steidlmayer is a genius in my opinion!
He found a way
to 'listen to the floor' and I am listening!
Now I trade from
my home in Northern Michigan and I must say I do not miss the early
morning commute into Chicago. My style of trading now allows me to stay
in the trade longer ,capturing as much of the days range that I
from the pit to the screen was not without challenges when I traded in
the pit I was purely a scalper working each bid and offer for the
"edge". When I moved to the screen I found there was no
"edge" and I found myself in a level playing field and I
soon realized that the game had changed and so now I too had to change.
At first I tried
indicators without much success so, then I gave Market Profile another
look and that proved to be the ticket. The profile allows me to see who
is in control and when they may be losing control thus allowing me to
take advantage of prime trade location. Trading this style has
taught me how to stay in the trade longer and maximize my gains. I know
that there is no "Holy Grail" for trading but, Market Profile
in my opinion is runner-up.