This Scalper Made $15M Trading The Stock Market
In episode 568 of the Desire To Trade Podcast, you will be listening to an interview with veteran scalper Scott Pulcini, who shares his journey from losing money every day for two months to becoming a top-tier trader who made $15 million in just three years, and then being completely knocked out of the game by algorithms. He discusses how he tracks hidden orders and options flow to gain an edge in today's market.
The video is also available for you to watch on YouTube.
>> Watch the video recording!
Topics Covered In This Episode
- 00:00 Introduction
- 00:50 Scott's early trading days and the Wild West era
- 02:08 Turning points: 9/11 and learning new trading tendencies
- 03:13 The shift from active scalping to reinvention
- 04:53 Meeting Dr. Brett Steenbarger and discovering new tools
- 08:10 How Scott recovered from his big loss
- 11:01 Why he believes "the simpler, the better"
- 12:45 The impact of market algorithms and the need for rules
- 14:26 Understanding what happens in the markets
- 16:54 Advice to traders who lost and are trying to get back in the game
- 21:01 Finding an edge: paying attention to market flow and data
- 24:57 Real-time trading examples with Bookmap and market flow (link to the video above)
- 33:00 Using gamma levels, GEX, and options flow to predict reversals
- 44:14 Where to find Scott Pulcini
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