Out Today Market Making Scalping Manual

ajt1970 · Jul 6, 2020

Scalping_Padawan said:
Is this style of trading basically just the following?:

-Use the DOM
-Use executing market and correlated markets DOM to find which side of the market to lean on?
-Trade mostly Gold, Silver, Soybeans, Interest Rate products, but only indices at night or early morning when there is less volatility?

-Play the queue in slower/thicker markets, then deciding if you want to stay in as the queue works down and the correlations suggest that you lean on a bid or offer?
-Using Time & Sales to know which traders are 'in the game' looking out for bigger traders?
-Also, in some situations finding where the market is more in a 'market maker zone' such as a range where you can rely on with high probability mean reversion?
-When a market has heavy 'lean' for example towards the buy-side, continue to lean on bids until velocity slows down.
-Use those correlations, but pay attention to how things are trading in your market, and who is trading.
-Pay attention to how you are filled because this will let you know what to expect.

If the above is true, then a dude I talk to on Reddit and whose videos I use to watch on youtube told me how to do this for FREE! He took down most of his videos save for one, but what i posted is basically we talked about. I had about 30 conversations with him, and he just told me what he was working on and his thoughts on "manual market-making style scalping."

He said that he just figured it out for himself by reading a bunch of old math-heavy research papers on algo market-making, and tried to make what he learned work for a slower manual execution style of scalping that didn't really compete with the algos, although "the algos are always in the game when it makes sense for them to be."

He told me that in faster markets like ES/NQ/YM to rethink and reframe what the spread is. His precise words, "the spread is what you create based on where YOU place your bid/asks, not necessarily the inside bid and offer." Before he took down his videos, he said something similar while scalping YM for around 3-6 ticks/trade. He talked about "where to make your market, looking for back-and-forth action where you can easily flip out on the bid or ask."

That dude did more for my trading than anyone without charging a thing. Gary Norden doesn't share any trading videos, the NDA of his course might make it so that people who bought it are afraid to even give a review and $999 just for a what 60-page ebook? That is a risky product. What if you buy it and find out that it is junk, that the above what I posted is basically what it is?

That guy who use to make videos and who use to post on Reddit said he knows someone who paid Norden's full fee, the $3000 one and that student of Norden after 6 months didn't know how to trade the style.

Why can't Gary Norden just share a simple video? Is the style so simple that one video would give all the secrets? Why can't the $999 book have images in it to share some examples of what he looks for on the DOM? He is asking a lot of money just for some words. He generally seems like an honest dude, but this book seems like it isn't worth what he is asking. Does he go over video in the monthly sessions mentioned on the Jigsaw website?

One thing that Reddit dude said was that a lot of information on DOM/Price Ladder trading has come out because a lot of the techniques simply do not work any longer, and a lot of these former big shot prop traders have lost their edge. He said, that many educators are selling stuff that worked in 2005. He said something I won't share that was negative about another DOM scalper educator who charges a good amount of money to have ppl watch him trade, and what he said made sense.
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Very interesting info. here. I'd be very interested in learning more about the Reddit trader you mentioned if you'd care to share. Are any of his videos currently available at all?

JessieL · Jul 6, 2020

Scalping_Padawan said:
Is this style of trading basically just the following?:

-Use the DOM
-Use executing market and correlated markets DOM to find which side of the market to lean on?
-Trade mostly Gold, Silver, Soybeans, Interest Rate products, but only indices at night or early morning when there is less volatility?

-Play the queue in slower/thicker markets, then deciding if you want to stay in as the queue works down and the correlations suggest that you lean on a bid or offer?
-Using Time & Sales to know which traders are 'in the game' looking out for bigger traders?
-Also, in some situations finding where the market is more in a 'market maker zone' such as a range where you can rely on with high probability mean reversion?
-When a market has heavy 'lean' for example towards the buy-side, continue to lean on bids until velocity slows down.
-Use those correlations, but pay attention to how things are trading in your market, and who is trading.
-Pay attention to how you are filled because this will let you know what to expect.

If the above is true, then a dude I talk to on Reddit and whose videos I use to watch on youtube told me how to do this for FREE! He took down most of his videos save for one, but what i posted is basically we talked about. I had about 30 conversations with him, and he just told me what he was working on and his thoughts on "manual market-making style scalping."

He said that he just figured it out for himself by reading a bunch of old math-heavy research papers on algo market-making, and tried to make what he learned work for a slower manual execution style of scalping that didn't really compete with the algos, although "the algos are always in the game when it makes sense for them to be."

He told me that in faster markets like ES/NQ/YM to rethink and reframe what the spread is. His precise words, "the spread is what you create based on where YOU place your bid/asks, not necessarily the inside bid and offer." Before he took down his videos, he said something similar while scalping YM for around 3-6 ticks/trade. He talked about "where to make your market, looking for back-and-forth action where you can easily flip out on the bid or ask."

That dude did more for my trading than anyone without charging a thing. Gary Norden doesn't share any trading videos, the NDA of his course might make it so that people who bought it are afraid to even give a review and $999 just for a what 60-page ebook? That is a risky product. What if you buy it and find out that it is junk, that the above what I posted is basically what it is?

That guy who use to make videos and who use to post on Reddit said he knows someone who paid Norden's full fee, the $3000 one and that student of Norden after 6 months didn't know how to trade the style.

Why can't Gary Norden just share a simple video? Is the style so simple that one video would give all the secrets? Why can't the $999 book have images in it to share some examples of what he looks for on the DOM? He is asking a lot of money just for some words. He generally seems like an honest dude, but this book seems like it isn't worth what he is asking. Does he go over video in the monthly sessions mentioned on the Jigsaw website?

One thing that Reddit dude said was that a lot of information on DOM/Price Ladder trading has come out because a lot of the techniques simply do not work any longer, and a lot of these former big shot prop traders have lost their edge. He said, that many educators are selling stuff that worked in 2005. He said something I won't share that was negative about another DOM scalper educator who charges a good amount of money to have ppl watch him trade, and what he said made sense.
More...

Hi Padawan. Thanks for sharing this! I've missed this post before - it does indeed include a lot of interesting info. As it was just mentioned yesterday, if you could share some more stuff on this it could be really helpful. I also understand you do not want to share anything negative here but the stuff on "another DOM scalper educator who charges to watch him trade" would be of great value to me, as I have been spending considerable amount of money on his education. While I can clearly see that some of these techniques do not work anymore, some addional insight would be very helpful. If you do not feel like sharing it here and would be happy to take it offline, it would be very glad to contact you offline - please let me know. If not, then I fully understand. Thank you.

JigsawTrading · Sep 17, 2020

JessieL said:
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This thread has been now 7 page long and it has been pointed several times how Peter has been progressively losing his reputation and his clients and users trust by associating himself and trying to profit of promoting some of the “educators” and products (Manual is not a first questionable “training” idea) instead of focusing on the development and after sales of the platform (which is very good BTW). This “product” looks clearly like an attempt to benefit of naïve, new traders because everybody with little experience will know it is impossible to learn trading from 55 pager and no additional videos, consultations, examples and so on. Mr. Norden knows this very well himself, as in his book “An End to the bull” he wrote himself: “I cannot explain all of the techniques and strategies of flow trader in book, as there is a degree of complexity to it that is impossible to explain in print”. However now Mr. Norden and Peter have decided to promote just 55 page long PDF for a 1000 bucks and claiming in can teach people trading. This is really regrettable, and I hope that new traders will be very careful before committing their money to it. It seems that there has been no End to The Bull yet....
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Interesting comment.

"Peter has been progressively losing his reputation and his clients and users trust by associating himself and trying to profit of promoting some of the “educators” and products"

This process of reaching out to industry professionals and transferring their knowledge to our users has been very popular.

We are growing and so your assessment of us damaging our business by partnering with industry professionals is the exact opposite of the situation on the ground.

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Out Today Market Making Scalping Manual

ajt1970

JessieL

JigsawTrading