Veteran Wall Street Trader Reveals Strategies Used At Stock Exchanges

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I’m visiting the NYSE today to meet a 40-year veteran floor trader. Over the last few decades, this trader worked at several major organizations, and witnessed the evolution of trading over the decades. Join me today to meet Richie Naso. You are going to learn about:
- How Richie Naso's career progress along with the evolution of trading
- The algorithms of the stock market
- What was a floor trader's daily routine at the stock exchange
- Trader psychology and discipline from a floor trader
- Should people invest or trade?
- The correct approach to start trading today

#tradingstrategy #stockmarket #wallstreetveteran #richienaso #smartmoney #daytrading #humbledtrader #stocks #livetrading #algotrading #priceaction #scalping #traderpsychology
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am sharing my opinion with no guarantee of investment gains or losses.

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[MysticMair]

As an ICT student, So glad to be on the right side and learning exact these concepts. Thanks to Michael!

[alphabeta]

2:30 1965; high school graduate
6:30 Algorithms control the market
8:00 Trading style
10:10 Stay centered; don't be emotional
13:20 Manage your risk
14:30 *Single entry trades will kill you*
18:10 Trading vs investing
21:00 No getting rich quick

[gingerkilkus]

Biggest lesson i learnt earlier the year in the stock market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.

[ctw]

He just told everybody how the stock market works and has been on wall st for over 40 years and most people will do the opposite of what he is saying. I love seeing these interviews from trading veterans .

[mohamedelmansouri]

thanka michael for teaching us "that the algorithm control the markets", ICT concepts work well

[brianwhitehawker]

Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.

[zz]

Thank you ICT for teaching us the secrets of the market!
ICT algorithmic concepts coincide with 40 years of experience as a trader on Wall Street.
That is what it is!! not MA or any fancy indicator
Big THX to Michael!

[DorathyJoy]

Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies... I would greatly appreciate any suggestions.

[reaperzk]

Riche played the market for 40 years and very successful in it. Him sharing his thoughts about how the market roll is very enlightening

[haziqkapra]

The most important learning from this interview for a day trader is :
1) Risk Management
2) Psychology
These 2 important parameters play a huge role to be a successful trader.

[ThePedromosca]

I must say that Richie is a nice guy, because he is telling us how he do it! Very nice interview!

[juancarlosguzman]

This is perhaps my fav episode, what a great guest, thank you so much for interviewing this person and sharing with us. What a great person

[aureliobjm]

With a 40years experience, he just told everybody how the stock market works. Most people will still do the opposite of what he is saying lol. This is so enlightening to watch. So much love your teaching style. So easy to understand. Although I already accepted that I'm not cut out for this level of analysis and should leave it to the pros. Do you ever trade for others? I'm interested

[WasimTrades]

00:05 Algorithms control the stock market.

02:24 Built up trading volume to 30% and executed largest order of 10 million shares.

04:51 Algorithms control the stock market.

07:12 Algorithms create liquidity and volatility to move fractions of the market.

09:26 Futures markets provide liquidity and are essential for stock market dynamics.

11:33 Manage your risk effectively.

13:48 Understanding your risk tolerance and trading with a diversified approach.

16:10 Spread out your entries and trail your profits to make riskless trades.

18:02 Day trading is the way to be in this volatile market.

20:00 Day trading in the current market environment is a way to keep the capital moving.

[deen]

this is Exactly what Michael has been telling us all this years, thank you So much ICT, you changed my life

[nw]

My first job was as an Options Analyst. My boss had a seat on the AMEX. This man speaks words of wisdom.

[georgeearling]

It’s always good to have a financial plan. I work with a licensed planner and fixed-income strategist in LA that helps me sort out these plans of investments

[kotobanks]

I'm smiling, so glad to be an ICT student ❤

[k.c.roberts]

VWAP (session) & Anchored VWAP (monthly/weekly), S/R, follow trend premium & discount. Follow the algo to the liquidity.

[nah]

He just talked about MMBM and MMSM 7:56 . I’m still a newbie but this 2 models has greatly helped me understand where price is heading