Day Traders To Billionaires - Online Trading in the 1990's

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Manage episode 281733260 series 2851541
由Player FM以及我们的用户群所搜索的Patrick Boyle — 版权由出版商所拥有,而不是Player FM,音频直接从出版商的伺服器串流. 点击订阅按钮以查看Player FM更新,或粘贴收取点链接到其他播客应用程序里。

Todays podcast is about the history of day trading and day traders. In order to better understand how markets work it is worth taking a look at the history of retail day trading, which goes back to the late 1980’s, when new technologies allowed a small group of smart and aggressive traders to take on Wall Street and win. Nasdaq market makers at the time called these traders the SOES bandits. We discuss the market inefficiencies that the early day traders were exploiting, what became of them, and if there are lessons applicable to today’s markets. We will see how the ideas of these early day traders transformed into modern high frequency trading.
Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance
Book Recommendations:
Flash Boys by Michael Lewis: https://amzn.to/3iKduwh
Dark Pools by Scott Patterson: https://amzn.to/30OdW6x
SEC Litigation Release: https://www.sec.gov/litigation/litreleases/lr17929.htm
Patricks' Books:
Statistics for Traders: https://amzn.to/3eerLA0
Financial Derivatives: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC
Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle
Support the show (https://www.patreon.com/PatrickBoyleOnFinance)

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