We as a firm were studying our top five traders this week. Each of them trade a very different style. Said another way, each of them is unique.
One is a scalper.
Another trades momentum.
Another is an inefficiency trader.
Another is an arbitrage trader.
Still another trades low floats.
What is more interesting is that each of them trades a unique style for these different strategies.
There are many different ways to scalp successfully.
There are many different ways to attack the markets as an inefficiency trader.
I was on the phone with an arbitrage trader yesterday who described how he built his trading career that is completely distinct from our arbitrage trader.
Some momentum traders like to get big into the breakout, others while a stock is consolidating, still others a mix of both.
Some trade low floats only short, some only long, some both sides.
Make 2016 the year of your trading niche. What you do well. What works for you. What allows your talents to shine. Be a unique trader.
*no relevant positions
One Comment on “The unique trader”
Hi Mike? What an arbitrage trader do? I thought the arbitrage operations were executed only by algos and hft. It is possible execute them manually yet?